Rolling Along With Private Hire Taxi Insurance
If you have been to any major city you have more than likely seen the various taxis of different colours rolling along and picking up passengers. Many people do not put thought into what keeps a cab company running, but trust us when we say that it can become complicated. We are here to discuss private cab companies and how they differ from the public companies.
Private does not mean exclusive, but it does indicate that a company may be less visible. When you are dealing with a public company you will see them everywhere. Their cars will stop in almost any location and they will pick clients up even if that ride was not actually scheduled.
When you are dealing with a private cab company however this will not be the case. The insurance provider for that company will tell them where to park, how to take on clients, as well as a number of other things. It sounds restrictive, but it does keep the cars in good shape. Limiting who can be picked up from what location is actually not a bad idea in many cases, especially when you consider the types of people that live in larger cities.
When you are dealing with a cab insurance company, the company will generally cover the cabs and the interior of the cab. If you are running a private hire company you might not have the same funding as the larger companies and for this reason you will want to make sure that the inside of your cars stay relatively clean. The last thing you want to do is file an insurance claim because someone dismantled your back seat and sold it on eBay.
Keep in mind that when choosing a decent private hire taxi insurance company you will want to make sure they include public liability insurance. This might not seem incredibly important to you right now but if you are ever accused of not fulfilling your obligations as a business or any other type of violation in the eyes of the public, you will need someone to back you up. It could be an angry customer or it could be a disgruntled employee. Either way you will need to make sure you are protected from the non-physical damage that the world can dish out.
Another thing for you to remember is that businesses with large numbers of vehicles in their fleet will normally receive a discount. This will typically to those who have two or more vehicles, though you will obviously receive a higher discount for additional vehicles. One the subject of vehicles, it would be a good idea to make sure that your vehicle will be replaced for either fault, or non-fault accidents.
If you have employees then you obviously cannot control what they are doing every second of the day. If they lose one of your vehicles, you need to be able to replace it and there are many private hire taxi insure companies that will replace your vehicle regardless so long as you pay a set fee. As you and see, you are perfectly covered once you choose the right insurance company.
by: Neil AndersonAbout the Author:Neil Anderson is a UK based finance specialist who provides advice and information about a wide range of products including Private Hire Taxi Insurance. Find out more by visiting his preferred website DNA Insurance.