What is livery insurance?

Livery insurance is an insurance policy that covers commercial driving businesses, such as taxis, limousines and buses, according to Anastasi Insurance. This type of service is typically excluded from a personal auto policy, notes the International Risk Management Institute.

Commercial auto insurance, such as livery insurance, is typically needed for any vehicle that is used for business purposes, states the Transportation Insurance Brokers. Livery insurance provides coverage such as general liability, garage liability, damage to the vehicle's mechanics or body and employees compensation, notes Anastasi Insurance. Policies can be designed to fit the company's budget, type of commercial vehicle and fleet size.