What is taxi insurance?
Taxi insurance is really a safety cover for taxis. The frequency of road accidents has risen like never before. In such 輪椅的士 最平 , cab drivers and the cab are both at risky 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, third party damage, passenger injury cover and legal cover. Taxi owners can choose covers they feel they are most likely to use. Taxi insurance is a back-up for taxis and their drivers.
What is the necessity of auto insurance?
The answer to this question is equivalent to for the question regarding necessity of insurance for an exclusive car. In case of taxis, the risk is more pronounced because taxis are more exposed to the chance of accident and damage on the road. Further, passengers cannot be held responsible to cover damage if they are in the taxi when the accident occurs. The complete monetary burden falls on the shoulders of the taxi owner. Taxi insurance provides cover in times of accidents. It offers monetary relief to taxi owners by covering for various damages. Lawsuits cause major expenditure if another 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?
Auto insurance is of two types – private hire insurance and public hire insurance. Private hire services are services where 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 most of these taxis services. In general, private taxi hire insurance is cheaper than public hire insurance. The insurance coverage needs to be chosen keeping in mind the type of services that the taxi company mostly provides.
Insurance for the whole taxi fleet
Many taxi companies have more than one vehicle. In order to save costs, insurance could be taken for your taxi fleet rather than a single insurance for each taxi. However, insurance companies have limits while giving fleet insurance like the minimum number of cars. Although the monthly premium for fleet insurance is more than that for an individual taxi, it is less than the sum of all the plans of individual taxis come up with. Therefore, they grow 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 auto insurance online. However, before investing in a policy, you need to consider several factors like your allowance, kinds of covers that you’ll require, the condition of the place where your service operated and the expertise of one’s drivers. Taxi insurance is the most important safety feature for a taxi company and therefore, its significance should not be neglected.