Taxi Insurance

Unfortunately, taxi insurance does tend to be more expensive than car insurance. There is a good reason for this, as with a taxi, you are transporting people that you know nothing about, they are not your friends, they are purely travellers wanting to get to a destination. On the way while being driven to where they want to go, they may behave perfectly, but on the other hand, they may have had too much to drink and trash your taxi. The way things are today, there is even a chance of your being held at gunpoint and even forced out of your taxi. You just never know what your passengers are going to do.

Monthly and weekly taxi insurance

There are many insurers out there waiting to offer you their policies, with most giving cover for
• Short term – monthly, daily or weekly taxi insurance
• Cover for owner operators and for part-time drivers
• Competitive premiums
• Insurance cover for every type of taxi – black cabs, people carriers, minicabs or minibus
• Taxi insurance for under 25’s
• Claims management service
• Introductory discounts for new ventures
• Tailor-made policies

The various insurance companies often specialise in drivers who have had few or no claims but will also look into insuring those drivers with adverse claims or conviction history. They do offer competitive premiums for those drivers that are under the age of twenty-five.

All risks

It is worthwhile adding an all risk section to the policy; you never know what can happen in your taxi. For example, if your passengers rip the seating, you do not want to have to pay the repair yourself, you want to be a position to claim from insurance for it.

Public Liability

Likewise, should a problem occur while transporting passengers and an injury inflicted through an accident, they might decide to sue you for medical costs. This could prove hefty; claiming from your insurer will be an option.

In addition, make sure there is a clause covering you should your taxi suffer a breakdown and need lengthy repair, you want to be able to use a substitute in the interim.

All periods of cover including weekly taxi insurance are available at taxiprotection

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You Could Need Vehicle Fleet Insurance

You could need vehicle fleet insurance even if you only have a single vehicle! A primary factor according to insurance companies is on how a vehicle is utilised. This is a crucial aspect to the policy holder as insuring a vehicle for the wrong reasons, could lead to repudiation of any claim. For anyone limiting their driving to and from their place of work, but not for any work related activities, then a standard type of auto insurance policy will suffice.

Vehicles that are used directly for work related purposes should be attached to a fleet or commercial vehicle insurance policy. It need not be a heavy duty truck, a van or any other specifically designed vehicle for commercial use. In theory, it could be any type of vehicle, even one that is used for travelling between business appointments.

Legal requirements for vehicle fleet insurance are generally similar to those for personal vehicle insurance, but there are exceptions. In some instances, higher restrictions could be applied to taxicabs and passenger conveying vehicles.

With regard to drivers of fleet vehicles, this type of policy unlike personal vehicle insurance, fleet policies require designated drivers. If this condition is not adhered to, then any claim submitted relating to an unlisted driver could be declined. It is therefore, essential that all fleet related drivers’ lists are maintained up to date.

In general fleet insurance does not extend cover for damages caused by the owner of the vehicle or employees. This is a different type of insurance and endorses the need for professional and qualified advice, regarding the necessary insurance business applications. This is an aspect that concerns trailers, which are not a self-propelled vehicle. In general, the liability factor regarding the vehicle towing a trailer is covered by the fleet policy. However, it is usual for trailers to possess a form of comprehensive coverage, separate from the other vehicles.

When used in a commercial environment, trailers are usually insured on a pre-determined value basis. This precedent could especially apply to older trailers or the more basically constructed trailer, for example a flatbed.

Find fleet insurance at top UK broker blueangeltech

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Commercial Van Insurance

Using a van for commercial purpose is so useful for making smaller deliveries. It is easier to park than a large lorry and is lighter on petrol, making it a much more economical vehicle to run. Furthermore, if needs be, it can be converted to an overnight sleeper if you have to make a long haul trip and want to cut the cost of sleeping in hotels.

Like all other motorised vehicles, commercial vans need to have insurance. One can never be too careful on the road, and commercial vans spend many hours driving around the country, so requiring adequate insurance as a precaution from any potential hazards that have a habit of nastily suddenly pouncing.

Besides the vehicle tax, it is also compulsory to have third party insurance for vans and that they be kept in good roadworthy condition, otherwise their annual licence is not renewable.

There is a choice of three main types of commercial van insurance packages for selection.

Third party insurance is a basic form of insurance that covers your liability for bodily injury or death to others and to their property.

Third party fire and theft covers risks from third party and the risk of fire damage and should there be theft of your vehicle.

Some of the insurers will include for you in your third party, fire and theft policy, and the contents of your van as well. Otherwise, it is possible to have it added on as an optional extra to the policy.

A comprehensive cover policy for commercial van insurance automatically includes third party fire and theft or damage caused by accidents or vandalism to your van. Insurers may also include a personal accident benefit cover for you if you are injured, or should die in an accident.

Overall, commercial van owners tend to work their vehicles hard and keep them for as long as possible before replacing them. Because of this, vans do have the tendency to break down more often than cars, so it is worthwhile for commercial van owners to include a breakdown clause into their policy contract.

Check out all the policy types for commercial van insurance at blueangeltech

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