What is Taxi Insurance?
Taxi insurance is required if you intend to carry passengers for hire or reward. Taxi Insurance includes minicab insurance, black cab insurance, private hire insurance and public hire insurance. Your vehicle must be licensed by the appropriate taxi licence authority in your area.
How do I decide what Taxi Insurance I need?
There are two types of UK Taxi cover that you can obtain and these are described below
* Private Hire Insurance – pre-arranged appointments only & usually working from a taxi office. This can also be described as mini cab insurance.
* Public Hire Insurance – immediate pick up at the roadside, this can also be described as Hackney carriage
Can I get an online Taxi Insurance Quote?
There are many ways in which you can obtain a taxi insurance quotation and many websites offer this facility, however generally the internet quotation are based on many assumptions and it is not a full and fair reflection of your circumstances. At CRS Consultants we treat every person and every enquiry on their own merits and as such can negotiate lower insurance premiums for our customers with our own unique way of looking at your risk.
What car can I use for my taxi insurance?
There are generally no set responses to this as all licensing authority have their own strict rules and so before applying for you taxi badge or your taxi insurance we would ask that you contact the council to make sure you can obtain the correct car. Examples below for some vehicles that can be used..
* Saloon or estate cars are very popular and with the diesel engines and durability can prove very cost effective.
* Minibuses these are generally with a minimum of 8 passenger seats and can cater for much larger parties or even more comfortable longer trips.
* MPV’s these are for shorter trips with less than 7 passengers
* Executive or Prestige vehicles – you could also try chauffeur insurance for this, with the correct permit this could save you money.
How many drivers can I have on my taxi car insurance policy?
All motor insurance policies can offer some additional driver coverage but with taxi insurance generally you would limit yourself to insured only or insurance one named driver. The premium constraints of having any more drivers named would make the policy uncompetitive and would not be as cost efficient as you would like.
I am a new start up business what do I need to run my taxi?
Like all new businesses in today’s market, the start up costs are usually quite high and we understand that at this very trying time costs should be kept to a minimum. The majority of your costing’s will be to get your council to give you a badge to operate a hire and reward vehicle and then also to plate your vehicle to the required standards that you plan to work in . However probably the biggest single cost will be the insurance premium and so at CRS Consultants we contact insurance companies on your behalf across a varied spectrum of providers to try to drive your insurance premium down to a level that is acceptable to both you and the insurers. We have managed to negotiate large discounts with our partner companies for drivers who are experienced licence holders, have experience of driving vehicles in similar size and use & also massive discounts for ex company car drivers. Try CRS Consultants on 01606 48521 or email your enquiry to info@crs-consultants.com
Will taxi fleet insurance be the best option?
Taxi fleet insurance can be obtained with a minimum of 3 vehicles but we are able to provide a multivehicle quotation for vehicles less than 3 and as such can make administering your policy easier and easier.
What level of cover can I get for my taxi car insurance policy?
UK Taxi insurance like most UK motor policies offers 3 levels:
* Comprehensive
* Third Party Fire and Theft
* Third Party Only
Is there an excess on my Taxi Insurance?
All motor insurance policies carry some sort of excess to try to deter customers from making small and negligible claims and this also will prevent a rise in insurance premiums next year.
Can I get any optional extras on my taxi insurance?
At CRS Consultants we have been listening to our customers for the last 33 years any feedback given is processed and a suitable solution is then put forward to our customers. We have managed to negotiate specialists policies that cater for the ‘what if’ factor in today’s society and we offer products that protect and cater for all eventualities.
Public Liability and Employers Liability cover is available.
Legal Expenses up to £100,000 free of charge.
Replacement like for like vehicle in the event of a non-fault claim at no extra cost.