What is taxi insurance?
Taxi insurance is 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 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, alternative party damage, passenger injury cover and legal cover. Taxi owners can choose covers they feel they are most likely to utilize. Taxi insurance is really a safety net for taxis and their drivers.
What is 機場的士 of auto insurance?
The answer to this question is the same as for the question regarding necessity of insurance for a private car. In the event of taxis, the chance 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 once 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 involved in the accident files it against the cab company. Since lawsuits devote some 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 the taxi transports passengers only if they will have booked beforehand. Public hire services are the services where the taxi could 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 policy should be chosen remember the type of services that the taxi company mostly provides.
Insurance for the whole taxi fleet
Many taxi companies have more than one vehicle. To conserve costs, insurance can be taken for your taxi fleet rather than a single insurance for every 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 a single 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 can be found with all major insurance companies. You can also look for auto insurance online. However, before buying a policy, you need to consider several factors like your allowance, kinds of covers that you’ll require, the health of where your service operated and the expertise of one’s drivers. Taxi insurance is the most significant safety feature for a taxi company and therefore, its significance shouldn’t be neglected.