When you drive a taxi your vehicle is your livelihood, and it’s important to do everything that you can to ensure you stay on the road and don’t suffer from any form of financial loss. This means that comprehensive taxi insurance should always be invested in, but if you want complete protection you’ll need something else – taxi liability insurance.
Liability insurance is there to provide valuable protection against injury or any form of damage to third parties or their property, and it’s essential when that level of cover isn’t offered under your regular policy. It adds an additional layer of protection and is vital for people that transport passengers on a hire and reward basis – if anything were to happen to them the costs would quickly escalate, but liability insurance ensures you wouldn’t be held personally liable for any costs incurred. This level of protection covers you both when you’ve got passengers in your vehicle and even when they’re stepping outside – whenever you’ve got people in your custody, you need this level of cover.
Liability insurance for taxis has been specifically tailored to this industry to ensure it totally meets your needs, and there are usually several different options you can choose from. This form of insurance normally provides cover of up to 2, 5 or even £10 million, depending on your preferences and/or insurer, and you’ll often be able to get it either as an annual policy or as a temporary addition to your current one.
Taxi liability insurance is an essential purchase for anyone that wants total peace of mind, and some local authorities will even stipulate that it’s a vital addition to your regular insurance policy. Having it in place ensures that you won’t lose out financially should anything go wrong, offering an additional layer of protection to ensure that your livelihood remains intact. Many insurance companies are able to offer is type of policy to provide complete protection, so make sure to look around and compare the options and you’ll soon have the level of cover that you need to get on with your job in confidence.