What is 機場的士 ?
Taxi insurance is really a safety cover for taxis. The frequency of road accidents has risen like nothing you’ve seen prior. In that dangerous scenario, cab drivers and the cab are both at risky since almost all their working time is spent traversing the high traffic ridden roads. In the event of accidents, taxi insurance provides different types of covers like road damage, car damage, third party damage, passenger injury cover and legal cover. Taxi owners can choose covers they feel they are most likely to utilize. Taxi insurance is a back-up for taxis and their drivers.
What is the need of auto insurance?
The answer to this question is equivalent to for the question regarding necessity of insurance for a private car. In case of taxis, the chance is more pronounced because taxis tend to be more exposed to the risk of accident and damage on the highway. Further, passengers can’t be held responsible to cover damage if they’re in the taxi when the accident occurs. The entire monetary burden falls on the shoulders of the taxi owner. Taxi insurance provides cover in times of accidents. It offers monetary relief to taxi owners by covering for various damages. Lawsuits cause major expenditure if another party mixed up in accident files it contrary to the cab company. Since lawsuits take time and money, having an insurance to fall back on can be quite a huge respite in scorching situations.
What are the types of taxi insurance?
Automobile insurance is of two types – private hire insurance and public hire insurance. Private hire services are services where in fact the taxi transports passengers only when they have booked beforehand. Public hire services are the services where the taxi could be booked in either advance or hailed off on the highway. Insurance is provided for both most of these taxis services. Generally, private taxi hire insurance is cheaper than public hire insurance. The insurance coverage should be chosen keeping in mind the type of services that the taxi company mostly provides.
Insurance for your taxi fleet
Many taxi companies have more than one vehicle. In order to save costs, insurance can be taken for the whole taxi fleet rather than a single insurance for each taxi. However, insurance companies have limits while giving fleet insurance just like the minimum amount of cars. Even though monthly premium for fleet insurance is a lot more than that for a single taxi, it is less than the sum of all the insurance policies of individual taxis put together. Therefore, they turn out to be more cost-effective.
How to locate taxi insurance?
Taxi insurance can be found with all major insurance firms. You can also look for automobile insurance online. However, before buying a policy, you have to consider several factors like your budget, kinds of covers that you will require, the health of the place where your service operated and the expertise of your drivers. Taxi insurance is the most significant safety feature for a taxi company and as such, its significance should not be neglected.