What is taxi insurance?
Taxi insurance is a safety cover for taxis. The frequency of road accidents has risen like never before. In such a dangerous scenario, 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 types of covers like road damage, car damage, third party damage, passenger injury cover and legal cover. Taxi owners can choose covers that they feel they are probably to utilize. Taxi insurance is a back-up for taxis and their drivers.
What is the necessity of auto insurance?
The answer to the question is the same as for the question regarding necessity of insurance for a private car. In case of taxis, the risk is more pronounced because taxis tend to be more exposed to the chance of accident and damage on the road. Further, passengers cannot be held responsible to cover damage if they’re in the taxi when the accident occurs. The complete monetary burden falls on the shoulders of the taxi owner. call 的 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 involved in the accident files it against the cab company. Since lawsuits take time and money, having an insurance to fall back on can be a huge respite in scorching situations.
What are the types 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 when they have booked beforehand. Public hire services are the services where the taxi may be booked in either advance or hailed off on the highway. Insurance is provided for both most of these taxis services. Generally, 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 your 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 firms have limits while giving fleet insurance like the minimum amount of cars. Although the monthly premium for fleet insurance is a lot more than that for an individual taxi, it is less than the sum of all the plans of individual taxis put together. Therefore, they grow to be more cost-effective.
Where to find taxi insurance?
Taxi insurance are available with all major insurance companies. You can also look for automobile insurance online. However, before buying a policy, you must consider several factors like your allowance, kinds of covers that you’ll require, the health of the place where your service operated and the expertise of your drivers. Taxi insurance is the most important safety feature for a taxi company and as such, its significance should not be neglected.
