Taxi Insurance Protects You And Your Business
If you are a taxi driver, you know that your insurance needs are very different than what the typical driver requires
. Taxi insurance protects you, the driver, as well as your passengers and other drivers on the road. It also protects your income in case it is affected by your business in some way, such as down time in the case that your vehicle must be repaired.
Driving a taxi comes with many risks. You are undoubtedly travelling the roadways during the heaviest periods of rush hour traffic and spending long hours each day sitting behind the wheel. Insurance polices for taxi drivers include liability coverage which will cover damage done to other cars as well as personal injury that may result from an accident. It is the law in the UK that you have special insurance in order to drive a taxi and you also must have the liability coverage to protect your passengers.
Typical taxi insurance has coverage to take care of breakdowns and roadside assistance. When your car fails on the road, you will need to have it towed to a garage so it can be repaired. You certainly do not want to pay for these services yourself, so it is very wise to carry this type of policy on your insurance. Sometimes drivers have disputes with passengers or other drivers on the road and sometimes these disputes can be dragged into court, resulting in high legal fees. It is therefore important that you buy coverage that will take care of paying any legal costs, such as representation, should a case be taken into court.
Considering the fact that your taxi is your income, insuring that income is very important. Insuring a taxi costs quite a bit more than insuring a personal vehicle due to the fact that you are on the road a lot more, putting you in a higher risk claim category. In order to find the lowest prices on the best insurance coverage, you should do a bit of research to compare rates by getting quotes from different insurers. There are several good insurance comparison websites online that make it easy to see what different insurers offer in terms of both coverage and price.
An insurance broker is another great resource to use as they know the insurance industry inside and out. You will be offered consultation services when you use a broker, which will help you choose the right type of coverage you need. You can expect the broker to ask you a series of questions regarding where you operate and the number of vehicles you would like to insure.
When purchasing insurance for your taxi, it is very important that you are aware of the kinds of coverage available such as public and private hire insurance, public liability and comprehensive insurance. Getting the proper insurance is a top priority when you earn your livelihood driving the busy UK roadways. There is quite a bit of competition between the different insurers out there today, so you should not find it too difficult to get a good deal if you take the necessary amount of time to do some research.
by: Neil Anderson
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