Business Use of Limousine Services is on the Rise |

Businesses are increasingly utilizing limousine services in place of other modes of transportation such as taxis, public transit, or rental cars. While most people think of this form of travel as prohibitively expensive, it can be cost effective as compared to the maintenance of a company vehicle and driver.

As far as business use of limo services goes, it is often thought to be used primarily as a private jet might be used: to transport busy business executives from huge corporations, especially from out of town. However, it is becoming more common to utilize this service to carry key staff and even their support staff to and from meetings and other functions that may or may not be out of town.

While traveling in the limo, the chauffeur handles route planning and traffic congestion. Companies reasonably expect that the drivers know the cities they work in very well, and can map out primary and alternative routes readily should the need arise. For businesses, time is money. While the driver is handling the transportation issues, the company staff can conduct meetings, phone calls, work on their laptop computers, or take a much needed nap. They arrive at their destination ready to pick up where the drive left off. The cost of limo service is more than offset by more efficient time use in travel.

As with hotels and airlines, frequent users of these services are often offered special corporate rates. In fact, business use of limo services is now becoming so common that there are whole fleets and limo businesses that specialize in this type of client. Many fleet owners will tell you that their client list ranges from small businesses to Fortune 500 giants and even includes city, state, and federal government employees.

Because these fleet owners are in the transportation business, many also offer the capability of handling all your transportation arrangements as part of their corporate package. Most have become so sophisticated that they keep detailed records about every passenger they carry so they can cater to idiosyncrasies and special needs in case that individual or team of individuals requires transporting again.

For airport pick up and drop off, which of course is a significant part of their business, most services have flight view software so they are able to track all airline flights, departures and arrivals. This enables them to not only ensure that they pick you up and drop you off in a timely manner for your flight, but also inform you of delays, should they arise, in any flights you have scheduled for your trip. This takes one more concern off a busy business traveler’s shoulders.

In addition to the efficiency of limo services, businesses might use this transportation for important clients and staff because they are promoting an image. It is equally important to treat your own employees well. Any profitable corporation knows that keeping key employees content is a cost effective decision.

Limo services are always going to be more useful in big metropolitan areas and will probably always be used more by Fortune 500 companies than smaller businesses, but there is no denying that their popularity is on the rise.

The Top 4 Types of Business Insurance |

Business insurance protects business owners against a range of possible losses including vehicles, travel, worker’s compensation and buildings. Businesses have much different insurance needs than a normal person and due to the range of different businesses in operation today, also require specially tailored insurance solutions. Since the range of insurance products available to business is so vast, this article will focus on small businesses and their insurance options.

The main types of insurance small businesses need are vehicle, property, liability and worker’s compensation. Worker’s compensation cover will usually be required by law if employees are working “danger jobs” such as road works, handling heavy machinery like cranes or similarly dangerous jobs.

Vehicle insurance cover

If your business requires you or your employees to travel using your vehicles, then business vehicle insurance is crucial. More expensive than personal vehicle insurance, business vehicle insurance covers the vehicles used for business travel. Business vehicle insurance is generally more expensive because a “regular driver” does not always need to be specified. This is due to the fact that business vehicles are often used by multiple employees and they also tend to travel more than personal vehicles.

Property insurance cover

Property insurance cover covers all your physical assets from loss. This may include your business’ offices, place of trade, outbuildings and more. It can also provide additional cover for your stock. For example, if you own a corner store, your property insurance can cover your shop, the windows and all the equipment and wares inside the shop from loss or damage. Different levels of cover can also be chosen to include fire, theft flood and even acts of terrorism.

Liability insurance cover

Liability cover will insure the business against any law suits that may arise due to negligence by yourself or your staff. For instance, keeping with the example above, a store employee mops the floor in an aisle in your store, but forgets to put up a caution sign. A customer walks in and slips on the wet floor. If that person gets injured, they are entitled to sue your business for loss of income due to being unable to attend work, medical bills and punitive damages. These claims can be very high and usually a small business does not have funds to pay out such claims. If you have liability cover, your insurance policy will cover the claim up to the insured amount.

Worker’s compensation

Worker’s compensation is similar to liability insurance, but it covers your employees against injuries sustained on the job. This kind of cover may be mandatory in some cases. If you are in a dangerous field, such as a road works contractor or even in landscaping, where your employees are in close contact with dangerous equipment, you may need worker’s compensation insurance. Investing in proper safety training can mitigate your risk, directly lowering your premium for this type of cover.

Choosing the correct amount of cover can be daunting, but the important things to consider are the type of business you own, the replacement cost in the event of a complete loss of assets and the amount of funds available for a monthly premium. When you call your broker, make sure you have a complete inventory with replacement costs so that you can choose the correct level of cover.