What coverages can operators obtain through bus policies?
While the coverages available through standard bus policies and school bus insurance policies can vary, most bus policies make certain protections available:
- Comprehensive Coverage, which might cover bus damage that’s not caused by accidents
- Collision Coverage, which might cover bus damage that’s caused by accidents
- Property Damage Coverage, which might cover damage to property other than a bus
- Personal Injury Protection, which might cover injuries that passengers on a bus sustain
- Medical Payments Coverage, which might cover medical bills related to passenger injuries
- Bodily Injury Coverage, which might cover injuries that people not on a bus sustain
- Uninsured/Underinsured Motorist Coverage, which might cover accidents with uninsured drivers
Personal injury protection is commonly abbreviated and referred to as “PIP.” Schools should pay special attention to this and medical payments coverage when selecting limits for their school bus insurance policies.
Do bus policies cover workers' compensation claims?
Workers' compensation generally covers work-related injuries, and Massachusetts requires most employers to carry the coverage. Thus, bus operators typically need to have workers comp in place.
Whether a bus policy contains workers' compensation depends on the particulars of the policy. While it’s sometimes found within policies, operators frequently instead purchase the coverage through a separate policy that stands on its own.
In either case, a knowledgeable insurance agent can help bus operators find the workers' compensation that they need.
How are bus policy premiums calculated?
Premiums for bus policies are based on many factors. An operator’s region, types of buses, age of buses, annual mileage and location often have notable impacts on how much coverages cost. Drivers’ records, experience and endorsements can also affect premiums, as can many other details.
Professionals in private practice are another example of a business that would benefit from getting a general liability policy. A general liability policy may not cover work mistakes like malpractice, but a general liability policy often will help protect against common accidents that can occur around the office such as slip and falls, or protection against libel suits. Such protections are not offered on professional liability policies.
How can operators get quotes for bus insurance?
For help comparing bus insurance policies, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents can show you customized quotes from multiple insurers since we’re an independent Massachusetts agency, and we have the expertise necessary to help you determine which policy option is best for your buses. With our aid, you can have confidence that your business is protected well whenever its vehicles are on the road.