What minimum insurance coverage does Florida law require for taxis and limousines?

Florida law mandates higher insurance minimums for commercial passenger vehicles than standard automobiles. Pursuant to Florida Statute § 324.032, for-hire passenger transportation vehicles—including taxicabs and limousines—must carry commercial liability coverage of at least $125,000 for bodily injury per person, $250,000 for bodily injury per occurrence, and $50,000 for property damage liability. These requirements ensure that paying passengers and members of the public have access to dedicated coverage in the event of severe injuries. Jeffrey S. Altman and The Altman Law Firm verify compliance and pursue claims against commercial taxi and livery fleet insurers.