Insurance for Taxis
Taxis are similar to our personal cars except they’re used as a paid-for service to get people where they need to go. There are a number of different types of taxi business, including black cabs, public hire taxis, chauffeurs and private hire taxis. As with other kinds of business, adequate protection shoulds be considered against the risks that come with it.
Is Taxi Insurance Legally Required?
All vehicles that drive on UK public roads are legally required to have insurance, whether this is a personal car or a taxi service. If you are running any kind of taxi business then you will need to get taxi insurance that protects both you, your vehicle and the fare-paying public in the event of any accident and subsequent claim.
How To Choose the Right Taxi Insurance Policy?
There are a number of insurance brokers offering taxi insurance, all of which will have subtle differences when it comes to the cover they can offer. When it comes to choosing your taxi insurance policy, it pays to research carefully and read all of the terms so you know just what you’re covered for and more imprtantly what’s not included.
In general, you should start by finding an insurance company that offers protection for your kind of taxi service. As a taxi owner it’s important that you understand which category you will fit into, and the risks that apply to your specific kind of taxi service. A taxi insurance policy is there to protect your vehicle as well as your passengers as well as yourself.