Driving a private cab or taxi needs lots of responsibility as it has substantial amount of risk involved in it. A taxi service business deals directly with the public or private parties, besides carrying liability risk against road accidents. So, running a fleet of taxi is stressful and riskier. In order to get peace of mind against the fear of road accidents that cause loss/damages to your fleet taxis, and also to stay protected against third party claims, you need to get fleet insurance as soon as possible.
Whether you operate a public hire taxi firm or private taxi firm, you need motor insurance for all your vehicles so that they can be run legally on the roads. As your taxi firm consists of more number of taxis, you need to consider buying motor fleet insurance.
Benefits of fleet insurance for taxi fleet:
- You can get cover for public liability or employee liability, accident damage, fire and theft.
- You can get unlimited windscreen cover.
- Fleet insurance offers high coverage at low cost.
- You can get flexible payment options.
- Fleet insurance saves money, as it is the inexpensive alternative when compared to the individual vehicle insurance.
- It saves your time. With one single renewal date you can save lot of time.
- Offers flexibility with sort of insurance protection. You can add any number of taxis and any number of vehicles at any time. It is the quickest, easiest and cheapest way to make policy changes.
Factors you need to consider for lowering premium:
The cost of your fleet insurance can depend on various factors, such as:
Driver age: Nowadays, it is very expensive to insure drivers under 25. So, hire drivers above age 25 with good and safe driving history.
Business location: If your firm is located in the accident prone region, then the cost of your policy may go high. Make sure you run your taxis in less busy roads with less risk of accidents.
Improve security: Crime rates are increasing day-by-day. You need to maintain better security to your fleet taxis from theft and vandalism.
Consider all the above mentioned benefits and factors and get a right fleet insurance policy for your fleet taxis.
