Taxi Company Owners-What to Look For in Your Taxi Fleet Insurance

Nowadays the old fashioned stigmas which were attached to insuring taxi fleets are disappearing rapidly.  There are lots more insurance companies ready to insurance a fleet of taxis.  As the owner of a taxi company now that the market is changing you will want to avail of the best suited taxi fleet insurance deal for you.

Firstly lets look at what is considered to be a fleet in the event that you are a small taxi firm.  Across the board the average consideration of a fleet is three to five taxis.  Next is what type of cover typically will a taxi fleet need?  The cover can include private hire, contract hire taxis and public hire.

It is also important to investigate public liability insurance as well.  No-one likes to think about worst case scenarios but they do happen.  If for example one of your taxis is involved in an accident then this is where you will feel reassured that you are covered.

As running a taxi company is super busy we have put this checklist together for you:

• You can save a fair bit of money by having restricted driving on the taxi insurance policy.  The best case scenario is when the car is restricted to one driver only.
• Always check how much your excess is so that you do not get a shock in the event of a claim.
• The policy should include legal liability in the event of death or bodily injury to any person and this of course includes passengers.
• The policy needs to take into account the legal implications of carrying passengers for hire and rewards.
• It should also cover any damage to another person's property including that of passengers.
• The taxi fleet insurance needs to cover fire or theft of the vehicle as well as accidental damage to the vehicle or malicious damage it.
• Try to have more experienced drivers, which is evident from their badges, as this also helps with the cost of the policy.
• The policy should be flexible enough to cover combinations of both types of vehicles and types of cover.