Why You Need To Make Sure You Have Taxi Insurance

The UK has thousands of taxis that are used on the roads each day. With so many of them about, spending so much time on the road, it is a certainty by the law of averages that there are going to be a lot of accidents involving taxis each year.

Don’t Risk Not Having Insurance

For the above reason, it is vitally important that if you are driving a taxi, whether public hire, private hire or minibus, you have got a proper taxi insurance policy. If you take out sub-standard taxi cover you are leaving yourself open to massive problems in the event of an accident occurring. Some people may think that they can get away with having a normal, private car policy when they are driving a taxi but this is not the case. If you insure your car under a normal car insurance policy and then use the vehicle as a taxi then you will invalidate the cover that you have got and will also be breaking the law. Getting caught without the correct cover can mean you lose your licence/livelihood, and could be heavily fined and possibly even jailed.

Protect Your Passengers

Not taking out the correct cover means that any passengers you carry in the vehicle might not be insured either. This can lead to civil and/or criminal court cases where you may be found liable for any injury or material costs. You are therefore putting not only yourself at risk but also those people who are unknowingly using your uninsured services.

Stay On The Road; Stay Legal; Stay Earning

If you are a taxi driver then your vehicle is your breadwinner, so it makes sense for you to make sure that you are going to be covered in the event of an accident. If you were without your vehicle for any length of time or had your licence taken off you then your source of income has gone. Taking out taxi insurance may end up costing you a little more initially but in the long run it is an additional cost that you cannot afford to ignore.

Get The Right Cover With Everything You Need

So, if you are looking to take out a public or private hire insurance policy it’s worthwhile doing some research to make sure you get what you need; Public liability insurance, a 24 hour claims service and a replacement plated vehicle are just some of the things a quality taxi policy should include. If in doubt always ask your broker.