Monthly Archives: December 2011

Hackney Carriage Insurance

Hackney carriage is a respectable name for London black cab. In other words it is a carriage or automobile that is kept for hire. In UK hackney carriage refers to a taxicab registered by Public Carriage Office in greater London or by other local authorities everywhere else in UK. A hackney carriage is allowed to move along the streets and pick up passengers. It can also pick up passengers without booking whereas, mini cabs require booking in advance. Similar to all hire vehicles, or indeed all motor vehicles, a hackney carriage needs to be insured before it can get on roads. Hackney carriage insurance is important for you and your passenger’s protection.

Many insurance companies offer different packages for insurance of your vehicle but you can find better prices form someone who specializes in hackney carriage policies. Hackney insurance packages can also be found by Internet research.
However proper hackney carriage insurance is harder to find than insurance of other private hire vehicles. The reason of this is because it is such a unique vehicle that is able to stand for long periods of time in a taxi rank and even flagged down in the street, which other private hire vehicles cannot afford.

Only a selected number of few insurance companies offer hackney carriage insurance because not many of the companies and insurance brokers are specialized in it. There are many other things that should be taken into consideration and only specialized companies in this field knows exactly what you want.

The most important thing to consider while choosing proper insurance for your hackney carriage is the level of cover a company is providing. You need to get insurance of not only you and your vehicle but also of your passenger. It is best to search for the policies that offer you medical, fire and legal cover in all possibilities. Assistance in breakdown condition is also required to make you able to be back on road quickly.
That hackney insurance companies should be searched who offers quick claim response. It might be possible that some of the companies might offer a replacement cab in case of accident or breakdown. It can be very helpful for the hackney owner need not to worry about the maintenance cost of the cab.

The best place to get cheapest quote on hackney carriage insurance is internet. There are certain sites that offer discounts and reductions on premium amount if policy is purchased online

Cheapest taxi insurance

Is it really worth risking your life and that of your passengers by opting for the cheapest taxi insurance? Probably not worth all the trouble you’d have to go through later when the law catches up with you. Taxi insurance is intended to provide an insurance cover for you in the worst of times, such as accidents and lawsuits. The taxi business is considered to be the one of the riskiest jobs since a lot of different lives are at risk. Insurance helps reducing the major risks and damages that might come to the driver, vehicle and the third party; be it in an accident or fire or theft.
Opting for the cheapest taxi insurance does not make you smart at all; it just puts you at greater risk, since it does not provide all the cover s that normal taxi insurance may. At the time of claim in the case of an accident, your insurance may not be able to help you to its utmost potential seemly because you opted for the cheapest taxi insurance possible; despite paying premiums every month. So if you still want to buy the cheapest taxi insurance possible then be sure that you are at least covering the major risk factors if not all.
Although it is not worth the risk, when you are buying cheap taxi insurance be sure to check for hidden charges that might be included in the terms and conditions. Since the demand for cheap taxi insurance started to rise, a lot of companies have come up with different ways to make the taxi insurance costs seem less. They offer great discounts on the insurance. Although such insurance seem cheap and easy to obtain they usually include hidden charges that make the policy a lot more expensive as time goes on or at the time of claim.
Cheap taxi insurances are also sometimes just a con artist trick. Be sure to check whether the insurance company you are satisfied with is registered with the State Insurance Department since all legally operating insurance companies must be registered. Even though it is not worth the risk to get the cheapest taxi insurance, be sure to at least satisfy all your queries before making a decision.

Private taxi insurance

There are different factors to consider when obtaining private taxi insurance. Obviously the market is filled with insurance brokers who are sitting there just help you get the best taxi insurance that would be suited to your needs and specific wants. There are a number of insurance brokers who offer private taxi insurance; all of them have subtle differences in the covers that they offer. It is necessary for you and your company to research carefully among all the best private taxi insurance companies and choose the one that would suit your needs the best possibly.

Mostly the insurance cost for a private taxi’s insurance is lower than that of a public taxi because the income earned by a private taxi is lower than that of a public taxi. It is compulsory to look at the fine print of every private taxi insurance company before making any decision as to which to choose, partially because you need to read and comprehend all the terms so that you know for sure what all your insurance is covering and what all is included in it.

First of all what your chosen private taxi insurance company should cover is basic protection for your taxi service. Being a taxi service it is firstly necessary to know which category you fit into and the separate risks that coincide with your taxi service. The first and foremost thing that taxi insurance needs to do is to protect your vehicle, your life and that of your passengers.

Although there is a minimum level of insurance required by law, you can always choose your own level of cover with which you feel comfortable. Most companies opt for maximum insurance and go for the comprehensive insurance which covers everything while others take the cheap approach out.

Since accidents are so unpredictable, you should always be insured against them and your insurance policy should also cover your passenger’s well-being. Remember to look into public-liability as most companies don’t generally offer that. The insurance you need depends on how much of a level of private taxi insurance cover you feel comfortable with.

Taxi fleet insurance

Taxi fleet insurance is basically like getting insurance for a group of taxis. The number of taxis that make up your fleet of taxis is different for each company. Some insurance companies consider 4 taxis to be enough to make up a fleet while others are flexible enough to provide fleet insurance for just two taxis. Taxi fleet insurance covers your whole fleet of taxis under one insurance policy. There are many different advantages of obtaining insurance for a fleet.
Generally fleet insurance is expensive as they are meant to cover more than just one taxi; however every insurance company has different rules and regulations when it comes to fleet insurance. Even though insuring a fleet is more expensive than insuring just one taxi, it seems more affordable once you consider the cost of insuring each car individually. Your fleet of taxis may consist of various types of cars, insuring your fleet under just one policy helps in avoiding a lot of confusion; helps in managing your insurance better and through that you may be able to save a lot of time.
Firstly you must consider whether you are insuring a fleet of public taxis or private hire taxis. If you are in the private hire taxi business then your taxis stay cleaner than the public ones and you benefit from the selective clientele that you receive. Remember to give special emphasis to repair and maintenance of your vehicles when and if it is damaged during accidents. Taxi fleet insurance is really the best for you if you have expanded your taxi business over a period of years and your fleet consists of new and old cars alike. Also make sure that your fleet insurance covers all the basic kinds of taxi insurance such as, accident damage, third party and fire and theft for all of your cars.
Be sure to get the best taxi fleet insurance that you can afford. Fleet insurance helps in managing and organizing you insurance details in a better way. It also helps in saving your time and money. In addition taxi fleet insurance also considers new additions to your fleet.