Limousine Operator Fidelity Bond

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Coverage Limits from $5,000 to $1,000,000

Ride share companies are now ubiquitous in the North American transport markets. Limo services have ridden that wave of private service, which have now become popular due to the ease of service order in the gig economy. A limousine service that provides a suite of passenger and cargo delivery options presents a unique set of risks. Ride share and luxury (black care) services expand, fidelity bond products will not be far behind. Our new limousine service fidelity bond is an excellent mechanism for the protection of a driver's clients and allows him or her to advertise as a "bonded enterprise". This type of commercial crime coverage is a "third party fidelity bond." Fidelity bonds for companies may be written on a blanket basis that protect ALL clients of the firm or at the behest of a single important client that requires bonding. The coverage transfers the risk of dishonest acts of employees that provide limo services "on the premises" of those clients to the insurance carrier. A look at recent news reveals the severity of some of the risks associated with the ride share industry.

  • "Police at the Minneapolis-St. Paul International Airport arrested a man who was stealing luggage from the baggage claim area. Alleged thief was a limousine driver" (CBS 4, November 5, 2015)
  • "Police send out porch-pirate warning across social media after receiving numerous reports of a limousine driver stealing deliveries from area residences."
  • "A Tampa Bay area family is desperately hoping to find their four-legged family member. They said their cat was taken by an Uber Eats driver." (Christine McLarty, Hillsboro County New 8, Dec. 2020)

Background investigations, reference checks, interviews and proper credentialing of limousine drivers are good risk management mechanisms however they are not guarantees that a operator will not commit a dishonest act in the course of his or her client service delivery. A client lawsuit against the employing firm can result in enormous losses and irreparable reputation damage in the private transport sector.

National fidelity bond leader, Surety One, Inc., specializes in underwriting fidelity risks for ALL types of businesses. We NEVER turn down an applicant but rather offer terms specific to each client's unique exposures. Call (800) 373-2804, email or click here to discuss your limo company bond need. We offer commercial crime coverage, cyber risk and hi-cap third party fidelity bonds in all fifty states, Puerto Rico and the U.S. Virgin Islands.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.