You may be a seasoned cabbie or a private hire taxi driver starting a new business; whatever your role, you’ll need to have the appropriate insurance for your vehicle. Before getting a quotation from an insurance broker or website, however, here are a few things you may wish to consider:
What type of taxi are you driving?
If you’re driving a black cab, collecting customers as and when from specified taxi ranks, you will need a different type of taxi insurance to the minicab driver who has arranged a journey with a pre-planned route in advance. Both have risk factors that are specific to the role, however, you can arrange insurance to cover you for both types of driving if you so require.
What type of vehicle do you have?
As with regular motor insurance, you will need to give specific details about your vehicle, the size of the engine, how many passengers it can carry and any modifications it may have had, e.g. enabling disabled access. You will also need to explain where your vehicle will be stored overnight.
What kind of cover will you need?
If you are going to employ other drivers to work for you, employer’s liability insurance will be essential. You may also wish to consider taking out public liability insurance to protect you financially if a passenger ever files a claim against you, an uncommon but potentially devastating scenario. In the event of your vehicle breaking down, you will also need breakdown insurance and a courtesy vehicle as standard.
It is crucial that you are as accurate as you can be when giving details to your taxi insurance company, in order to get the best possible cover and peace of mind for your business.