What type of insurance is required for limo services in Chicago?

The required insurance for limo services in Chicago is commercial vehicle insurance that covers liability, property damage, and personal injury. This type of insurance is specifically tailored to cover the unique risks associated with operating a limousine service, as it accounts for the business-related responsibilities and potential liabilities that arise while transporting passengers for hire.

Commercial vehicle insurance ensures that there is coverage for bodily injury to passengers and third parties, as well as for any damage to property that may occur in the event of an accident. This is crucial because limousines operate under commercial regulations, and their use involves carrying passengers for a fee, which increases the exposure to risks compared to standard personal vehicle use.

Personal vehicle insurance typically does not cover vehicles when used for commercial purposes and would not provide the adequate coverage needed for a limousine service. Health insurance for the driver is important but does not relate directly to the vehicle's operation and liabilities, and while liability insurance is a component of commercial vehicle insurance, it alone is insufficient as it must also extend to property damage and personal injury to meet the legal requirements for operating a limo service in Chicago.