subject: Taking Out Taxi Insurance [print this page] Taking Out Taxi Insurance
The UK has thousands of taxis that are used on the roads each day. With so many of them about, it is a certainty by the law of averages that there are going to be a lot of accidents involving taxis each year. For this reason, it is vitally important that if you are driving a taxi you have got a proper taxi insurance policy. Without taking out specialist taxi cover you are leaving yourself open to massive problems in the event of an accident occurring.
Some people may think that they can get away with having a normal, private policy when they are driving a taxi but this is not the case. If you insure your car under a normal policy and then use the vehicle as a taxi then you will invalidate the cover that you have got and will also be breaking the law. Getting caught without the correct cover will mean at best you are likely to lose your licence and in the worst case scenario you will be heavily fined and possibly even jailed.
Not taking out full taxi cover means that any passengers you carry in the vehicle will not be insured because there is no public liability insurance in place. You therefore are putting not only yourself at risk but also those people who are unknowingly using your illegal services.
If you are a full time taxi driver then your vehicle is your breadwinner, so it makes sense for you to make sure that you are going to be covered in the event of an accident. If you were without your vehicle for any length of time or had your licence taken off you then your source of income has gone. Taking out taxi insurance may end up costing you a little more initially but in the long run it is an additional cost that you cannot afford to ignore.
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