The service you offer to the community as a taxi driver is invaluable. Whether you operate a solo taxi business or manage your own taxi firm, there are risks specific to your line of work. Public liability insurance is necessary to safeguard you against unforeseen claims, such as someone stumbling over baggage when you’re loading into the back of your car, even if you already have private hire coverage (motor insurance). https://www.quoteradar.co.uk/ is here to help you with getting taxi insurance suitable to your needs.
What Is A Taxi Public Liability Insurance?
Apart from the apparent benefits to insure a taxi, like windscreen and breakdown coverage, drivers might also would prefer to think about getting public liability insurance.
This kind of coverage can assist in covering losses incurred by a third party as a result of an accident. If, for instance, you back your vehicle into a mailbox nearby or flee the scene of an accident without admitting to being the at-fault driver, your public liability insurance may assist in paying for the expenses of either replacing or fixing any harm done to property or paying for the medical expenses of any injured third parties.
Given the variety of policies available on the market today, it is critical that cab drivers comprehend the risks involved in driving and how these plans might shield them from financial loss in the event of a catastrophic accident. It’s always advisable to be ready and make sure your company is covered in case something unforeseen happens while you’re working as a driver, whether you do it full-time or part-time.
Reasons for Considering Public Liability Insurance for Taxi Drivers:
From the time a customer enters the cab until they exit, the taxi driver is in charge of ensuring their safety. Third-party liability in the event of a traffic collision can be covered by taxi fleet insurance, however in some situations, this coverage might not be sufficient:
- When a passenger gets to their location, an elderly or disabled person may ask the driver to assist them getting in and out of the taxi or even to escort them to the door. Even though the passenger isn’t in the taxi in this instance, the driver may still be responsible for their safety.
- Something within the taxi, such as a cleaning chemical, air freshener, fabric type, or food, could cause an allergic reaction to a passenger.
- Unintentionally leaving valuables in the car is a possibility for passengers. A following passenger may discretely keep these valuables for themselves if the driver isn’t looking. The taxi driver may subsequently be accused of stealing by the initial passenger.
- While in the taxi, a passenger may experience a heart attack or another catastrophic medical condition. The driver might be held accountable in certain situations for this. For instance, it’s possible that the passenger’s argument with the driver caused them to become stressed, which led to a heart attack.
What Happens If Drivers Don’t Have Public Liability Insurance?
Public liability insurance is typically not expensive, even if it covers large sums, and it is occasionally included as standard in certain comprehensive taxi insurance packages. It can be obtained as a stand-alone policy in cases where the taxi insurer does not offer it, or it can be obtained as an optional extra in others.
Since they have devoted a lot of time, money, and energy into their taxi business, drivers would be wise to think about purchasing public liability insurance to safeguard all of their hard-earned assets. Taxi drivers may lose their job as a result of having to sell their car in order to cover the costs of paying large public liability claims. If the costs associated with a claim are too high, they may even be forced to declare bankruptcy.
FAQs:
1. How Much Does Taxi Insurance Typically Cost?
A lot of variables are considered when calculating individual insurance rates, such as the driver’s years of experience and age, the taxi’s age, the kind of service (Private Hire or Public Hire), and the licensing organization.
2. Am I Able To Get Taxi Insurance Right After I Have My License?
Taxi insurance companies often demand that drivers must have their licenses for a minimum of 12 months before they can offer either public or private hire insurance, regardless of age. A driver’s insurance premium will skyrocket if they are inexperienced, regardless of age. Those that are able to get quotations for taxi insurance may likely discover that the prices are too high to proceed.
3. Is There A Company That Offers Taxi Insurance To Underage Drivers?
Insurance rates are higher for freshly licensed drivers and young drivers, regardless of whether they operate an own vehicle or seek to be added to their parents’ policy. Assuming you get your driver’s license at the age of seventeen, most people don’t see a significant drop in their rates until they are twenty-five and have a spotless driving record.
