Leeds Taxi Insurance – Secure Your Taxi Business
If you’re going to provide a taxi service, you’ll need to get a special Leeds taxi insurance coverage. You, your taxi, and your taxi company can all be protected from financial loss in the event of an accident by purchasing taxi insurance. It can protect you from claims made by members of the public and cover a wide variety of cars.
You can lawfully transport passengers for a fee (called “hire and reward” in the taxi industry) as long as you have a hire and reward policy. Taxi insurance is not hard to get, but few providers will meet your specific needs. As a taxi driver, covering your taxi with the right insurance policy is essential to keeping the doors open and the money coming in.
What is Leeds Taxi Insurance?
Leeds taxi insurance is tailored to the specific perils that cab drivers face. Taxi drivers spend a longer period on the road than the average motorist, and they do it at less desirable times and in more congested urban areas, leading to a greater accident risk, according to statistics.
Having taxi insurance is a necessity if you want to be taken seriously as a business and protected against the possibility of costly legal action or allegations of negligence. It might be difficult to find an insurance coverage that adequately addresses your needs while also fitting comfortably within your budget; for help, consult a local insurance agent.
Why Do I Need Leeds Taxi Insurance?
According to UK legislation, if you transport paying customers in your taxi for a living, a basic car insurance policy will not cover you. There are several factors to consider, the most important being the presence of members of the public in your taxi who could potentially sue you in the event of an accident.
Taxi insurance is complex and requires careful thought. Having a competent Leeds taxi insurance broker who is familiar with the industry’s specifics will help you save time and money while ensuring that you are protected against any potential hazards.
Insurance for taxis might be complicated, but there are generally these options for coverage:
- Third-Party Only Coverage – If you hurt someone or their property while on the job, you will be covered by third-party insurance. Coverage for damage to your taxi is not included.
- Tools and Equipment Cover – Tools and equipment coverage will help pay for replacement or repair costs if the tools used to service and repair your taxi fleet are destroyed or stolen.
- Public Liability Insurance – Public liability insurance can shield you and your company against lawsuits claiming negligence in the form of injuries or property damage.
- Breakdown Cover – In the event of a breakdown, whether on the job or just on the way, you won’t have to be concerned about contacting a repair and recovery service.
How Do I Get Cheap Leeds Taxi Insurance?
Your Leeds taxi insurance premium is primarily determined by your level of risk. Insurers will charge you more than they would someone they consider a lower risk if they believe your vehicle is more likely to be damaged or stolen.
Your taxi insurance premiums can be lowered through careful risk management on your part. To help you get going, these are a few things:
Keep your driving record spotless and your license point-free.
You can avoid losing your no-claims discount (NCD) in the event of an accident by including NCD protection in your policy.
Find out if your taxi is making your insurance more expensive.
Leave your taxi overnight in a safe place and inform your insurance company.
One option to make your taxi more secure is to install security features like alarms, CCTV etc.
Consider how much you’ll need the various add-ons (such as towing, legal, and windshield coverage).
Frequently Asked Questions
Could My Spouse Use The Taxi For Personal Reasons?
Your spouse may operate your taxi for personal reasons while maintaining full coverage under your policy. Make sure your local licensing agency authorizes this, or that your companion also holds a valid private or public hire driver’s license. If they don’t, they likely won’t be able to drive your cab.
Why Do Taxi Drivers Need Insurance?
The taxi industry comes with risks daily. In addition, most states mandate taxi drivers to have insurance that covers them in the event they cause harm or damage to someone else’s property.
Can I Use My Car As A Taxi?
Depending on the laws in your area, you may be able to register your car as a taxi. You might also try getting hired by a rideshare company like Uber or Lyft. Even if you plan to use your car as a taxi, you’ll need special Leeds taxi insurance. A standard car coverage isn’t enough protection.