Overview — Taxi Cab Insurance from U.S. Risk Insurance Group, Inc.
U.S. Risk Insurance Group, Inc. offers a targeted program for taxi fleets and other transportation accounts through select admitted and surplus markets. We have access to an A+ XV admitted carrier that will quote commercial auto coverage (including physical damage) up to $5 million in auto liability limits, with competitively low deductibles. Incidental general liability can be placed in conjunction with the auto coverage to provide broader protection for drivers and operators.
Ideal Accounts and Appetite
This program is a good fit for independent agents and brokers who need a reliable market for:
- Taxi and cab fleets (for-hire passenger vehicles)
- Paratransit and airport shuttle operations with limited radius exposure
- Other transportation accounts that require higher limits or specialty underwriting
In addition to taxis, U.S. Risk can consider larger transportation accounts — including truckers and commercial fleets — especially those with annual premiums of approximately $200,000 or more. Appetite and terms will vary by account characteristics and state.
Coverage Highlights and Advantages
- Admitted market capacity up to $5 million in auto liability limits (carrier rating A+ XV).
- Physical damage available with low deductibles to protect fleet assets.
- Optional incidental general liability available alongside auto coverage.
- Competitive pricing from specialty transportation markets and access to excess & surplus placement when needed.
- Dedicated claims and loss-control services geared to transportation risks.
Underwriting Notes and Submission Requirements
For efficient quoting, provide a complete submission. Typical required documents include:
- ACORD applications (125, 127, 137; and 126 if incidental GL is requested).
- Completed Public Auto (taxi) questionnaire.
- Complete vehicle schedule: year/make/model, garaging location, primary use, operating radius, passenger capacity, and cost new.
- Five years of currently valued loss runs.
- Current financial statement for the applicant.
- Current drivers list and motor vehicle reports (MVRs).
Underwriting is selective: vehicle condition, driver hiring and monitoring practices, loss history, and operations radius are all important. Larger transportation accounts may be routed to surplus markets through U.S. Risk’s broker channels when admitted capacity is unavailable.
Territories and Availability
Available through U.S. Risk Insurance Group, Inc. in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Specific admitted vs. non-admitted options and forms will vary by state and by insurer.
Why Place Taxi Business with U.S. Risk?
As an excess & surplus lines broker with access to specialty transportation carriers, U.S. Risk combines market access, underwriting expertise, and responsive service. Agents benefit from:
- Direct access to a vetted admitted carrier for higher-limit auto placements.
- Flexible placement options across admitted and surplus markets.
- Claims and loss-control support tailored to commercial transportation exposures.
- Underwriting guidance to help package submissions for the best terms.
Example Account Scenarios
You might have a client who operates a 20-vehicle taxi fleet serving an urban area with strong driver screening and a clean five-year loss history — this program can provide competitive limits and low deductibles. Or you may be handling a larger regional shuttle operator whose premium reaches six figures; U.S. Risk can evaluate admitted and E&S options to find adequate capacity and coverage.
How to Submit
Prepare the complete submission package listed above and contact your U.S. Risk underwriter. Because appetite and capacity vary by state and account, a full submission helps secure the most competitive terms quickly.
Frequently Asked Questions
What types of taxi accounts does this program prefer?
U.S. Risk targets traditional taxi/cab fleets and for-hire passenger operations with documented driver screening, maintenance programs, and stable loss history. Larger transportation accounts are also considered — particularly those with higher premium volume.
Can incidental general liability be added to the auto policy?
Yes. Incidental general liability can be written in conjunction with the commercial auto coverage when requested; include ACORD 126 with your submission when GL is needed.
Is the $5 million limit available in all states?
Limits and admitted availability depend on state filing and carrier capacity. U.S. Risk can provide admitted placements up to $5 million where the carrier is admitted; surplus solutions are available where necessary.
What are the most important documents to include with a submission?
Priority items are ACORD applications, the Public Auto questionnaire, a complete vehicle schedule, five years of loss runs, current financials, and driver lists with MVRs. Incomplete submissions delay quoting.
Are there minimum premium requirements?
Minimum premiums vary by account and market. U.S. Risk regularly evaluates larger transportation accounts and often reviews accounts with annual premiums in the neighborhood of $200,000 or more, but taxi-specific placements may be considered at other premium levels depending on exposures and state availability.
Need help placing an account? Connect with a market specialist.