What is Brighton Chauffeur ?
Taxi insurance is really a safety cover for taxis. The frequency of road accidents has risen like nothing you’ve seen prior. In such a dangerous scenario, cab drivers and the cab are both at high risk since almost all their working time is spent traversing the high traffic ridden roads. In case of accidents, taxi insurance provides different kinds of covers like road damage, car damage, alternative party damage, passenger injury cover and legal cover. Taxi owners can choose covers they feel they are probably to use. Taxi insurance is really a back-up for taxis and their drivers.
What is the need of auto insurance?
The answer to the question is equivalent to for the question regarding necessity of insurance for a private car. In the event of taxis, the risk is more pronounced because taxis are more exposed to the risk of accident and damage on the road. Further, passengers cannot be held responsible to pay for damage if they are in the taxi when the accident occurs. The entire monetary burden falls on the shoulders of the taxi owner. Taxi insurance provides cover in times of accidents. It provides monetary relief to taxi owners by covering for various damages. Lawsuits cause major expenditure if the other party mixed up in accident files it contrary to the cab company. Since lawsuits take time and money, having an insurance to fall back on can be quite a huge respite in scorching situations.
What are the forms of taxi insurance?
Automobile insurance is of two types – private hire insurance and public hire insurance. Private hire services are services where in fact the taxi transports passengers only if they will have booked beforehand. Public hire services will be the services where in fact the taxi could be booked in either advance or hailed off on the road. Insurance is provided for both these kinds of taxis services. Generally, private taxi hire insurance is cheaper than public hire insurance. The insurance coverage has to be chosen keeping in mind the kind of services that the taxi company mostly provides.
Insurance for the whole taxi fleet
Many taxi companies have significantly more than one vehicle. To conserve costs, insurance can be taken for your taxi fleet instead of a single insurance for each taxi. However, insurance firms have limits while giving fleet insurance like the minimum number of cars. Although the monthly premium for fleet insurance is a lot more than that for a single taxi, it is less than the sum of all of the plans of individual taxis put together. Therefore, they turn out to be more cost-effective.
Where to find taxi insurance?
Taxi insurance can be found with all major insurance firms. You can also search for automobile insurance online. However, before buying a policy, you need to consider several factors like your allowance, kinds of covers that you’ll require, the condition of where your service operated and the expertise of your drivers. Taxi insurance may be the most significant safety feature for a taxi company and as such, its significance shouldn’t be neglected.