Archive for the ‘Taxi Insurance’ Category

Why Are Taxi Or Car Hire Insurance Policies So Important?

Wednesday, October 10th, 2012

When you are faced with the need to venture into the “outside” world, because your previous working place closed or perhaps your services were no longer needed, you might be faced with the possibility of choosing to become one of the many cab drivers available in the UK. Whether you decide to hire your services out to someone, or you decide to explore this particular activity on your own with the idea of getting your own fleet in the nearby future, probably the most important thing that you need to know, understand, and obtain is proper insurance.

Of course, the type of car insurance that a taxi or rental car should and must have is somewhat different from the type of insurance that any private car must have. The basics, though, are virtually the same in both situations. Protection for the car, the driver and the people surrounding them are the main three things that any car insurance must consider in its policy.

Dealing with an almost endless variety of traffic accidents is the first thing that any responsible taxi driver or owner has to do, so that he or she will be protected if an accident occurs. One of the most important things to consider as soon as you decide to venture in the car hire or taxi world is the fact that accidents cannot be foreseen; at least not in the amount and manner that you would like them to be.

The right car hire or taxi insurance will not only provide a quick answer in those cases and times when you sadly become an active participant in a traffic accident, but it can relieve you from complicated paperwork and endless hours dealing with traffic authorities; the insurance personnel are the ones that will be dealing with all those things, so you can return as quickly as possible to your normal activity.

Nonetheless, such advantages and additional service from your insurance company means that you will have to seek and to take in as much information as possible, so that you can purchase the best possible car hire or taxi insurance available. Yet, it is important that you make the decision first of what type of car hire or taxi service you will be providing.

A modern day custom is for some taxi cars to provide a hauling service; they get a call from a prospective customer asking them to go to the store and purchase something, let’s say a pound of tomatoes. The taxi driver will then deliver the order in a short amount of time and the customer will refund the taxi driver the money that he or she paid for the tomatoes plus the taxi’s fee for service.

In these cases, a special clause should be considered, since many of the things that they transport might be affected, damaged, ruined or lost in transportation. Since the items are not yet delivered, the loss would entirely be on the driver or the taxi or car hire owner, so it is a safer bet to have such an additional clause included in the insurance policy.

Some Things to Consider When Looking For Taxi Insurance

Wednesday, October 10th, 2012

When you are creating your own taxi or car hire company, regardless if you are planning to expand it or simply to start it, the first thing that you will hear from business advisors and other consultants is that you need to get proper car hire or taxi insurance. Being covered against any potential traffic accidents caused or suffered by you as a driver – or any members of your car hire or taxi company – is one of the most important things that you will have to ensure, especially since it is a basic requirement if you want the proper licensing.

Even so, considering the protection that you, your automobile and your driver should have is not the only thing that you need to think about. Accidents and damage that other people could suffer must also be considered; to this end a liability clause or supplemental policy should be considered.

Such a liability clause or supplement to the original policy will protect you if the car hire or taxi is involved in such an accident that might write off property or seriously injure (or even kill) a person. Most people worry about human life, and it is a good thing that they care so much for the life of people; nevertheless, there are also other things to consider, such as pets. Some breeds are so rare that being killed by a traffic accident might cause you to be involved in a lawsuit that can take away everything that you have. What if you damage a vintage car or something else equally valuable?

Keeping ahead of the game and securing the right liability clause or supplement can help you stay afloat when something so terrible happens. Nonetheless, it is not the only additional thing that you need to consider when you are browsing through the many insurance companies in the UK; you also need to consider providing insurance to the people that are inside your taxi.

In the case of car hire services, it is important that you have a Loss Damage Waiver in which you will not hold the customer responsible for the loss of any part or the entire taxi, while still having it insured against loss of any of its parts or the entire taxi.

This might seem an oxymoron, but it actually isn’t. As a car hire business owner, you need to make sure that all your units are fully covered if they get lost, crashed into, damaged, broken into or any other thing that might come out of an accident, carelessness or criminality. Yet, at the same time, you need to make sure that your business strives and constantly grows, otherwise there will be no point into having a business.

Check with your insurance company, if they can offer you a convenient insurance policy that you can use with your customers so that you can protect both your units as well as your customers. In a world where no one cares for anybody, it is definitely a good business move that can put you at the top of public preference.

Keeping Safe – Tips For Taxi Drivers

Wednesday, October 10th, 2012

Operating a successful taxi business is becoming much harder for some operators.

The credit crunch has hit hard for many as the public are tightening their money belts every way they can, including the use of taxis. However, the current and on-going drink driving campaigns by the government is having a positive effect on increasing the number of taxis the public are using at night.

Taxi drivers realise that some of the most profitable shifts are late at night. Although this may be the most lucrative period the increase in potential abuse and violence also increases.

Licensed hackney carriages are the only type of vehicle that can legally be hailed and stopped by a member of the public. All other vehicles which are for hire for public use must be pre-booked prior to collecting a fare paying passenger or passengers.

It is also a requirement that a booking log is kept by the minicab operators. At the time of booking the name and collection address has to be recorded, providing private hire vehicles with some form of identity of the person using their services which may help should any violence, abuse or damaged be caused to the driver or vehicle.

Licensed hackney carriages do not have to keep logs and are therefore more at risk.

There are a number of things that taxi drivers can do to try and reduce risk.

1. Keeping contact via the onboard radio system. Calling the office frequently or contacting them as soon as any trouble begins to brew may help protect the drivers.

2. Fitting a convex mirror which provides a clear view of whats occurring in the back of the vehicle to enable the driver to pre-empt any dangerous situations.

3. Drivers of saloon cars can install a shield made from material which will help provide protection from a knife or hard bodily impact, such as a punch.

4. Many local councils are helping reduce the risks of abuse and violence for taxi drivers by installing video cameras in licensed taxi and minicabs. taxi insurance companies welcome all measures to reduce risks and although they may not offer a specific discount for vehicles which are fitted with video equipment any recoded footage of violence and damage can be used to help validate a claim.

5. Taxis drivers do have the right to refuse a passenger if they believe they pose a high risk.

6. Those who use a saloon car should consider restricting front seat passengers.

7. Keep the window only open enough to be able to speak to people not low enough for people to reach in and assault or grab you.

8. Returning to the office and depositing money on a frequent basis can also help reduce the risk of loss.

Many taxi insurance companies will also provide cover for loss of money should it be stolen. There are restrictions as to the amount of money they will provide cover for, so it is well worth contacting them to see whether they include or offer this within the insurance cover.

How to Get a Cheap Taxi Insurance

Wednesday, October 10th, 2012

Using an insurance broker to carry out researches to find the most competitive taxi insurance has been an effective way of getting cheap taxi insurance for many years.

For those who don’t have time to sit sifting through the different online insurance companies – or are unable able to make personal visits to insurance offices – an insurance broker is a great choice.

Many insurance brokers have moved forward with the times, and can easily be found online. Their services remain the same as in the past. They carry out the researches on your behalf and provide a number of different insurance quotes.

It is worth remembering that insurance brokers do not all work in partnership with the same insurance companies. Therefore it is still worth asking more than one broker to find you Cheap Taxi Insurance.

Luckily, with the increase of online insurance companies finding your own cheap taxi insurance has become very easy.

Cheap does not necessarily mean the best. Many insurance companies will provide a cheap quote but when you look at what the policy will actually cover it may not be suitable to meet legal requirements for driving a taxi. It is advisable to use insurance brokers and insurance companies who specialise in taxi insurance.

The credit crunch is hitting insurance companies as hard as many other industries. They are looking to gain new customers and trying to ensure existing customers are well looked after so that they renew their policies year after year. Many are offering cheap taxi insurance for new customers.

Rather than wait until your insurance is near to expiry it is worth getting a number of quotes and weigh up the pros and cons of each before deciding which company to sign up with.

If you have a number of taxis, a fleet insurance policy can provide Cheap Taxi Insurance. The number of taxis required to meet the criteria of what constitutes a fleet differs between insurance companies.

Some companies will offer fleet insurance for two or more vehicles, but generally the criteria is four or five. Again it is well worth shopping around online to find an insurance company that specialises in fleet taxi insurance.

Experienced taxi drivers can take advantage of cheap taxi insurance offers. The insurance companies will need proof of your taxi driving experience. This is usually determined by the length of time the driver has held their local authority taxi driving license.

Restricting the number of drivers on the policy can also be used to make huge savings, particularly if driving is restricted to the only the owner.

Those who have not made any claims for over two years can also be offered cheap insurance as huge no claims discount bonuses can be had. A no claims bonus can provide significant savings, with many insurers offering discounts of between 20 to 60% discount.

A Cheap taxi insurance policy can equate to lower cover with many restrictions and limitations. Therefore take advantage of the services and experience of insurance brokers or companies to find the most competitive policy to suit your taxi business needs.

How to get cheap taxi insurance

Wednesday, October 10th, 2012

How to get cheap taxi insurance

If you are an owner of a taxi company then getting insurance is a much needed step that cannot be avoided. It is paramount that you get a taxi insurance quote as soon as possible. You do not want to be left operating without any insurance because any sort of accident will be on your head fully. Getting a taxi insurance quote is easy to do with the inception of the internet.

As a business owner you need that isurance to protect you at all costs but you also need to be able to afford it. With the internet as large as it is there is no question that it has created a sense of urgency among insurance companies to offer you a taxi insurance quote that is fair, cheap and accurate that is suited specifically to your needs.

When choosing an insurance company choose one with a record in this very specialized area of fare privatizing. It is important to select a company that has a well established track record among its peers. New companies may offer you very inexpensive rates but they are new and, as such, not at all proven. You should also consider word of mouth advertising – get a feel for companies based on the personal opinions of their clients – they will never lie to you.

taxi cab insurance is a very specialized field and that means that the few companies that do provide coverage can have a tendency to charge a lot more than traditional insurance because they know that you need it and that the competition just is not there to really cut them too much but that does not mean that you cannot find a quote online that is competitive.

As I said previously the internet is the place to go. It is free, effective and fast. You will be able to obtain a quote within minutes and the companies will fight over you and will often go below their normal service fees to entice you further to sign on board. The more they fight over you the better it will be for you.

Read more at : How to get cheap taxi insurance | Conservator

Taxi Insurance Quotes – Honesty is Better

Wednesday, October 10th, 2012

There are a variety of factors affecting your taxi insurance. One such factor, for example, is the driver/s you will be employing. There are other factors of course, but it is important to remember to answer all the questions on your policy honestly and truthfully, otherwise you may be denied a claim when you try to make one. Supplying correct information also determines the policy premiums and specifications – which is even more reason to be honest!

The length of time you or your drivers have been driving taxis affect the policy. If you or one of your drivers is a first time taxi driver, this may mean your premiums will be higher. If, however, you or one of your drivers have been driving for a long time, then the premiums may be less as you’re deemed a responsible and experienced driver. Similarly, if you or one of your drivers have driving convictions this will affect your policy. Being honest here is important, even if you think it will negatively impact your policy – as mentioned above, if you’re found to be dishonest and you try to make a claim, you may be denied. And you’ll be out of pocket not only your premium payments but also the cost of repairing your vehicle, other vehicles involved and any other damages to property or injuries to people.

By supplying the correct information, the insurance broker or agency you decide to go through can calculate the appropriate risks involved, and offer you a policy accordingly. If you lie about the upkeep of your vehicles, and then you’re involved in an accident deemed to be your fault due to poor maintenance – you’ll be denied the claim. If, however, you’re honest about how often you get your vehicles serviced then when purchasing a policy this will be taken into account and your premiums – and the payout you will receive in the event of a claim – will be determined. Sure, you may pay more up front by way of premiums, but your claim won’t be turned down in the unfortunate chance of an accident occurring.

If you are comparing quotes in order to obtain the best possible price for the best possible insurance policy, then you also need to be consistent in your information given to the agency or broker. You cannot possibly obtain accurate quote comparisons if you give different information to different agencies or brokers. Only by keeping your information consistent can you get an honest comparison so you can properly choose the right policy.

Something else to bear in mind is that taxi insurance premiums may be different to ordinary private car premiums – this is because taxis are on the road more often and subjected to an increased risk of something happening. Statistically this is unavoidable. So it is best not to put on your policy that the car will be for private use in the hopes of obtaining a lesser premium – again, your claim will be denied in the event of making one.

Read more at : Taxi Insurance Quotes – Honesty is Better | Conservator

Operating and Taxi Insurance Costs

Wednesday, October 10th, 2012

The costs associated with the running of a taxi can be relatively high and two of the primary expenses relate to insurance and security. Taxi insurance cost is associated with the various aspects of protecting owner and driver from significant financial losses. A Certificate of Insurance is issued by an insurer and proof of this is required by law, with regard to any taxi related operation.

A crucial aspect of any insurance is provided by having comprehensive cover, which is the most expansive type of vehicle insurance protection. This is an addition to the coverage extended by third party fire and theft insurance. It provides protection against any damages or claims, arising from an accident with another party, irrespective of who is responsible.

The form of security that the owner provides could influence their taxi insurance costs with regard to a reduction in premiums. This would include secure parking when the vehicle is not being used and added protection in the form of security devices. Usually, insurers only relate premium reductions in this context, to approved car alarms, immobilisers and tracking devices.

The immobiliser is generally recommended to be of the type that is activated by removing the ignition key and which prevents unauthorised starting of the engine. It is usual these days, for this type of device to be factory fitted during manufacture. However, it is possible and advisable, to have an immobiliser installed by garage or specialist, who would issue a certificate of installation, with precise details of the device.

A further protection for your vehicle that may be added to your insurance policy is a breakdown facility, which would provide service in the event of a roadside mishap. This would include towing to a garage, if repairs could not be affected, anywhere in the United Kingdom or to your intended destination. Terms and conditions will apply relative to existing circumstances.

It would be to your benefit obtain the advice of an insurance specialist, regarding the various applicable terms and conditions and make sure you are aware of any excess applicable to your policy!

Read more at : Operating and Taxi Insurance Costs | Conservator

Sourcing Taxi Insurance

Wednesday, October 10th, 2012

Finding the right insurance for your taxi is an essential part of being a taxi driver – while getting the cheapest quote you can find may seem like the best way to go about it, you need to consider exactly what you require from your insurer, or the broker you’ve chosen to find them.

Brokers are a good choice, because they allow you to get multiple quotes in a short amount of time. Let’s be honest, who enjoys repeatedly entering their details to get a quote? Let the broker do that for you.

Things to consider

These are some of the things that you should consider when obtaining taxi-insurance quotes, and while this list isn’t exhaustive, following it should give you a good idea what to look for:

•Policy Details – What does the policy include? Public liability insurance for instance, is absolutely essential. Make sure you’ve got it.
•24/7 Service – As a taxi driver, you could be working any hour of the day, and accidents can happen at any time. You need an insurer who can deal with any issues whenever you might need them.
•Reputation – We’d all like to live in a world where we never need to deal with our insurers, but as accidents happen, you should find an insurer who has a reputation for good service when they do.
•Price – The price should be the last thing to consider once you know your policy includes everything it should. Using a broker to help compare quotes will make sure you get the very best premium for your money.
You can easily compare insurers and get taxi insurance from Insure Taxi, a specialist broker with a wealth of experience in getting taxi drivers the cover they need. If you have several taxis, it may be worthwhile considering taxi fleet-insurance – something InsureTaxi can help with too.

One of the biggest bonuses of using a broker is that they often negotiate excellent rates with the companies they deal with – meaning your quote will be lower than if you go to the insurer direct. What could be better?

Read more at : Sourcing Taxi Insurance | Conservator