If you drive a taxi in the United Kingdom or if you are planning to do so, what should your taxi insurance policy cover? First, you must have insurance when driving a taxi. Too many people have been seriously hurt through no fault of their own and lost the business because of a lack of insurance. Second, each area that you operate in may have some different requirements. Once you have checked to see which things you must have as a minimum you still need to consider several options. All policies must cover you for liability damage. If you do any damage to another vehicle or person, the policy will take care of the damage up to the limits of the policy. This coverage will also cover your passengers against harm and loss.
Many taxi drivers have other options that are not required for driving by law but they should be strongly considered. Breakdown and assistance coverage will help you out if the vehicle breaks down. Towing and repairing the vehicle will help you to get back to work as quickly as possible. Theft and fire protect you against someone breaking into your vehicle or if the vehicle is damaged by fire. Many people may try to sue you if there is an accident. Legal expense coverage will help to defray the cost of dealing with the courts and legal representation. Another option to consider is loss of income coverage for your taxi. This type of coverage could help you to pay bills while your vehicle is being repaired from an accident. Windshield and glass coverage can deal with problems that happen with your windshield or windows. Rocks can fly and crack or break your windshield and cause you delays.
A policy will include excess but you might want to consider increasing the excess to cover unforeseen accidents or problems that may go higher than your normal coverage. Although an excess increase will probably raise your premiums, in the long run your taxi insurance policy will provide you with a better coverage that will help you to remain in business and on the road.
