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Private Hire, Public Hire? Make sure you get the right cover

Private Hire, Public Hire? Make sure you get the right cover

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Are you a public or private hire taxi driver looking for the best type of taxi insurance to meet your own individual requirements? If so, there are a number of things you will need to consider before purchasing a policy as Multiquote Taxi Insurance point out.

One of the first things you should do when you buy a taxi is get insurance. However, with so many specialist insurers all offering different types and levels of cover, it can often be difficult to find the best policy that insures you sufficiently, at a price that you can afford.

There are a few aspects of cover that you need to consider when you are looking for the best deal, because taxi insurance is not as straight forward as getting a standard car insurance policy.

Standard motor insurance will cover you for things like:

  • Personal effects
  • Personal Injury
  • Damage to property
  • Accidental Damage
  • Third Party liability
  • Theft
  • Fire

Some additional things to think about on top of the usual level of cover you would expect to receive from a standard car insurance policy, include:

  • The driver’s personal accident cover and the limits that are related to this
  • The driver’s legal protection and the limits that are associated to this
  • Public liability insurance and the restrictions linked with this

If you consider the nature of offering a taxi service, the risks can be quite high, so arranging an appropriate level of cover is very important. If you were to be involved in an accident and not covered sufficiently, you could leave yourself facing a huge financial bill if there is a personal injury or damage to property. On top of this, your taxi service may also suffer damage to its reputation if you had not protected your customers.

You can use an online comparison site to help you find an insurance policy that is ideally suited to your own personal requirements. You will be asked to enter a range of details and from this, you could receive hundreds of quotes from specialist insurance companies that offer the type of cover you need. Do not simply go for the first quote you get or the cheapest one. Look into each policy offer thoroughly to make sure the level of cover you need, is being offered.

You could find a great deal, which will offer you individual cover, whilst also helping to protect your business and livelihood.