Different Insurance You Can Get for Taxi

While searching for taxi insurance, it is very essential to ensure that your vehicle is completely insured for your business needs. If you don't have the right cover then only one accident can result in, you are losing your most essential business resource. Both Private and Public hire vehicles are required to have the right insurance cover for carrying passengers.

You can choose Cheap Taxi Insurance if you want to take insurance for your taxi. Before you take out an insurance policy it is crucial to pick the right policy for your taxi vehicle. So, it is important for you to understand the different types of insurance for a taxi. In addition, licensing regulations will often require you to demonstrate your valid insurance records before they allocate your taxi license plate.




Public Hire:

Public hire vehicles are also called London Black Cabs or Hackney Carriages. These taxis don't require pre-booking and can be hailed in the road. They are additionally allowed to get passengers at a taxi rank. Most will have a taxi light fitted to the vehicle rooftop, that appears if the taxi is empty and for hire.

Private Hire (PHV):

Private Hire Vehicles (PHVs) are sometimes called minicabs. They can be pre-booked through a taxi office or via phone and are additionally authorized to carry passengers but can't be hailed in the road. Minicab protection policies will vary to those offered for public hire taxis, so ensure you enter your details accurately and check documents carefully before buying your insurance.

Executive and Chauffeur Hire:

These drivers offer an unrivaled escort benefit, usually for weddings and unique occasions. They may require an increasingly explicit strategy for a higher insurance group and higher value model of vehicle.

Multi-Passenger and Mini-Bus type vehicles (MPV):

An MPV typically carries between 6 – 9 travelers, though a Mini-Bus is capable for conveying between 10 - 15. MPVs usually fall into a higher insurance aggregate than a standard 4 – 5-seater taxi, (counting the driver), as they are viewed as a higher risk because of several travelers.

Wheelchair Accessible Vehicle (WAV):

A few taxicabs have been modified or reason built to carry wheelchairs. If you work a WAV, you may require this sort of taxi insurance policy.

So, these types of insurance are best for a taxi. You can choose from the above-mentioned insurances for your taxi, that suits your requirements.

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