What does livery mean in insurance?

What does livery mean in insurance?

For-hire livery insurance, also known as livery insurance, is a type of commercial auto coverage for vehicles that are used by businesses that generate revenue from transporting people.

What is livery industry?

Livery vehicles are for-hire vehicles that are used by businesses to generate revenue by transporting people. Think taxicabs, limousines, buses, van pools and even hotel shuttles.

What is a livery businessman?

Livery Business means a commercial or industrial undertaking or establishment, business, calling, trade, profession, or vocation located within the municipal boundaries of the City for the conveyance of persons for compensation. Sample 1.

Why is it called a livery car?

In some jurisdictions a “livery vehicle” covers vehicles that carry up to fifteen passengers, but not more, thus including a jitney but excluding an omnibus or motorcoach. This usage stems from the hackney cabs or coaches that could be provided by a livery stable.

What are the different types of livery?

Livery yards can be divided into four main categories;

• Full Livery. Full livery is the term given to a fully managed yard, where horse owners pay a premium for all their horses needs to be met, including feeding, grooming, mucking out and exercising as necessary.
• Part Livery.
• Do it yourself or DIY livery.
• Working livery.

How many livery companies are there?

There are 110 livery companies, comprising London’s ancient and modern trade associations and guilds, almost all of which are styled the ‘Worshipful Company of…’ their respective craft, trade or profession.

How does a livery work?

A livery yard, livery stable or boarding stable, is a stable where horse owners pay a weekly or monthly fee to keep their horses. A livery or boarding yard is not usually a riding school and the horses are not normally for hire (unless on working livery – see below).

Why is it called livery?

The word itself derives from the French livrée, meaning dispensed, handed over. Most often it would indicate that the wearer of the livery was a servant, dependant, follower or friend of the owner of the livery, or, in the case of objects, that the object belonged to them.

What does livery mean in the UK?

/ˈlɪv.ɚ.i/ [ C or U ] a special uniform worn by servants or particular officials. [ U ] UK. a special pattern or design that is put on the things that a company owns and sells.

What does part livery include?

Part livery This type of livery tends to include all aspects of horse care, but with no exercise. It can typically be on a five day per week basis, with owners doing DIY on weekends, or a full seven day week basis.

How are Livery Companies funded?

The funding of Livery Company charitable trusts is provided by regular contributions from members, occasional fundraising events, bequests, covenants and investment income. The Livery Companies’ collective philanthropy donates 10s of millions of pounds to charitable causes each year.

Why are they called Livery Companies?

London street-names today still bear witness to areas where individual trades gathered and flourished. When some guilds introduced their own distinctive clothing and regalia – or livery – to distinguish their members from those in other guilds, they soon became known as livery companies.

What insurance do I need to run a livery yard?

If you have a commercial livery yard, you need to ensure that you are covered for interruption of business due to sickness or other unforeseen circumstances. Furthermore, if you employ staff at your stables, you are required by law to have employers’ liability insurance.

What does full livery include?

This is the term used to describe a fully managed yard, where all aspects of horse care are carried out by onsite grooms. This package will include turning out, mucking out, grooming and exercising as necessary.

What’s the difference between full and part livery?

Full livery – The staff undertake all care of the horse and often exercise or even compete the horse on behalf of the owner. This is normally the most expensive option. Part livery – The horse is normally fed, watered, and the stall or loose box is mucked out (cleaned) on behalf of the owner.