Some Advantages of Private Hire Taxi Insurance

  • If you’re driving a taxi in a major city like London, getting the right insurance policy for your private hire taxi is essential. When you are searching online for auto insurance, it is vital to know what exactly you are looking for. There are various types of insurance cover that you can get from different companies or even from a single company.

    The reason why Private Hire Taxi Insurance is so important is that it is not only mandatory by law, but you cannot run your business without the proper insurance coverage. Private hire taxi drivers face a lot of dangers on the roads that there left no chance not to insure your vehicle. not only the drivers but risks are there for the passengers too.

    Different Types of PCO Cover
    There are different types of PCO cover explained below, that will help you to buy an insurance policy as per your requirement;

    Comprehensive Cover
    This type of insurance cover is always recommended for taxi drivers that help you cover you in all scenarios when there’s an accident.

    Third-Party Only
    This is the lowest level cover you’ll get and still it is in accordance with the law. This is cheaper compared to comprehensive insurance, but it is not appropriate to choose when you have to spend several hours on the road.

    Breakdown Assistance
    For taxi drivers, this an extremely useful type of cover. When your vehicle gets breakdown, you won’t have to stay off-road for a long time as this type of insurance coverage makes you capable that you’ll be back on the road again as quickly as possible.

    Fleet Insurance
    If you’re having more than one vehicle to insure or own a fleet of private hire taxis, this cover offers you to insure them under one taxi fleet insurance policy. Getting the right insurance policy will not only help you to make things easier but when you need to make a claim, it can also save you a great deal of money.

    Public Liability Insurance
    if you’re working as a taxi driver, it is essential that you have public liability cover. There is always a risk that a member of the public or a passenger can make a claim against you that can be upsetting for you if you have not purchased a cover in place.

    Getting multiple quotes from different insurance companies is usually the best way to ensure you are getting an ideal insurance deal.

    Essentials For Taxi Insurance
    Many taxi insurance providers will only offer cover;
    • If you have lived in the UK for at least 5 years
    • Have a valid driving license for at least three years
    • Work as a full-time taxi driver with no other jobs,
    • Must be aged above 21 years and had a taxi badge for at least 12 months.
    • You may need to pass a test of DVSA (Driving Vehicle Standards Agency) depending on your local council.

    What Type of Cover Do You Need?
    Just like the standard motor cover, taxi insurance offers the same three levels of protection such as; third party only, third party, fire and theft as well as fully comprehensive cover. The level of cover you may get can be restricted by the area you’re working in. Check your policy carefully, as some policies only offer fully comprehensive cover if you’re registered in certain areas.

    For choosing the right insurance cover, you need to first know the type of vehicle you are driving. There are generally two types of taxi insurance policies that are; Private Hire Taxi Insurance and Public Hire Taxi Insurance. You need to choose the one that is suits your protection requirements.
    To get the right insurance cover, look at Cubit-Insurance.

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