• Chauffeur Insurance
• Minibus Insurance

It is very important to understand exactly what an insurance policy covers so that in the event of an accident, you understand what you will be reimbursed for or what the other party will receive if you are at fault in the accident. If you decide to purchase taxi insurance online, when you receive your online quote you can get full details about exactly what the policy covers from most online insurance brokers. Most insurance policies for taxis include an excess, but most insurance companies will allow the policy holder to remove this excess for a small additional fee if it is not wanted.

Most basic taxi insurance policies include comprehensive insurance. This particular layer of insurance provides coverage if your taxi is damaged by fire, flood, vandalism, or if is stolen. This is the broad definition of comprehensive coverage and it is a good idea to thoroughly examine your insurance policy to see what exactly is covered by comprehensive coverage. Third party fire and theft insurance provides coverage for the other party if you are responsible for an incident that results to a third party. This is also known as liability coverage and the exact items it covers also tend to vary from policy to policy, so it is always a good idea to thoroughly review the details of the policy.

If driving the taxi is going to be your sole means of livelihood, it is very important to make sure there is a clause in your insurance that covers breakdown and recovery. Some taxi insurance providers even provide their clients with a guaranteed replacement taxi in the event of an accident. If the taxi is the sole means of livelihood, it is very important to have these clauses in the policy so that any losses due to not having the taxi available can be kept to a minimum in the event of an accident.

Perhaps you have decided that a fleet of taxis may serve your business purpose more effectively. What options are available for taxi insurance in this instance? Many insurance companies offer a fleet insurance option that offers sizable discounts for fleets of taxis. These policies usually contain all the basic features that are found in an insurance policy for individual taxis. For the best offers, it is ideal to consult with a company that has fleet specialists who can customize a policy specific to the needs of your fleet and provide you with the best rates.

Just as important as choosing the actual coverage for your taxi insurance is the company that you choose it from. Experience is the key when choosing an insurance company. A long track record of prompt service is especially essential with regard to taxi insurance, since downtime needs to be kept to as short a time period as possible. Thorough research with regard to the finer details of the insurance policy, finding out if there are special discounts available for fleets and making sure that the policy covers replacement and breakdown will result in insurance coverage that really does protect your business interests.