What is 7 Seater taxi ?
Taxi insurance is really 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 all their working time is spent traversing the high traffic ridden roads. In the event of accidents, taxi insurance provides different kinds 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 probably to utilize. Taxi insurance is a back-up for taxis and their drivers.
What is the necessity of auto insurance?
The answer to this question is the same as for the question regarding necessity of insurance for an exclusive car. In the event of taxis, the chance is more pronounced because taxis tend to be more exposed to the chance of accident and damage on the road. Further, passengers can’t 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 the other party mixed up in accident files it against the cab company. Since lawsuits devote some time and money, having an insurance to fall back on can be quite 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 these kinds of taxis services. Generally, private taxi hire insurance is cheaper than public hire insurance. The insurance coverage has to be chosen remember the type of services that the taxi company mostly provides.
Insurance for the whole taxi fleet
Many taxi companies have significantly more than one vehicle. In order to save costs, insurance can be taken for the whole taxi fleet rather than a single insurance for every taxi. However, insurance firms have limits while giving fleet insurance like the minimum number of cars. Even though monthly premium for fleet insurance is a lot more than that for a single taxi, it is significantly less than the sum of all the plans of individual taxis put together. Therefore, they grow to be more cost-effective.
How to locate taxi insurance?
Taxi insurance can be found with all major insurance firms. You can also search for auto insurance online. However, before buying a policy, you have to consider several factors like your budget, kinds of covers that you’ll require, the condition of the place where your service operated and the expertise of your drivers. Taxi insurance may be the most significant safety feature for a taxi company and as such, its significance should not be neglected.