Taxicab Companies

What Does GL Code 68001 Cover?

ISO GL class code 68001 covers businesses primarily engaged in operating taxicabs for hire, including dispatch services and vehicle maintenance directly related to their taxi operations. This code classifies the general liability exposures associated with transporting passengers for a fee, encompassing risks both on and off the road. It is crucial for businesses providing scheduled or on-demand passenger transport within a defined service area.

Who Uses This Class Code?

This code is utilized by traditional taxicab companies, independent taxi owner-operators, limousine services (if operating under a similar fare structure), and potentially ride-sharing fleet operators that own and manage their vehicles. Businesses offering airport shuttle services or point-to-point transportation for individual passengers are also typically classified here.

Common GL Claims for This Class

Common general liability claims for taxicab companies include passenger slip-and-fall incidents while entering or exiting the vehicle, property damage to passenger belongings during transit, and claims arising from driver-passenger disputes or altercations.

Coverage Tips for Code 68001

• Ensure your policy includes adequate hired and non-owned auto liability coverage, as standard GL policies often exclude auto-related incidents.
• Verify that all drivers, whether employees or independent contractors, meet state licensing requirements and are properly vetted to avoid negligent entrustment claims.
• Understand the specific limits and exclusions related to passenger injury claims, as these can be substantial in the event of an accident.
• Maintain meticulous records of vehicle maintenance and driver logs, as these are critical during a general liability audit and claim investigation.