What kind of insurance (proof of financial responsibility) is required for livery vehicles?
For proof of financial responsibility, you will need Liability Insurance Certification with the following items specified on the certificate: Expiration date of policy, which must be valid within a minimum of 10 days after the renewal date. For example: if the registration date is March 1, 2010, the insurance certificate presented must be valid until at least March 11, 2010. – The Ohio BMV and address must be named as the certificate holder and be notified 10 days prior to any cancellation or termination. – The certificate must have the Vehicle Identification Number (VIN) or serial number of each vehicle. – The dollar amount of insurance must be no less than $300,000. – No certificates with alterations will be accepted. – The insurance company must be authorized to transact business in Ohio (this will be verified upon issuance).
