Suitable private hire taxi insurance should always be sought for anyone wanting to work in this business. Not only is it a legal requirement to do so (the penalties of not complying can include a revoked licence, a fine, a loss of income and even a jail sentence), but if you don’t have adequate insurance in place you stand no chance of getting a taxi licence or being able to work in a regulated fleet.
Public hire taxis are any cabs that can offer pick-ups from the street or taxi rank, and are often seen on today’s roads. They offer a valuable service to stranded travellers and can be a lifeline for those needing to get places quickly and easily, but if you intend to drive one you always need to have adequate public hire taxi insurance in place.
Effective black taxi insurance is essential if you want to protect your financial interests. If any accident were to occur you’d be held personally responsible for any costs that were to be incurred, but if you have adequate insurance you’ll be completely covered. As well as helping you out it’s also a legal requirement, and you simply won’t be able to operate legally without having any insurance there.
Owning or managing a taxi firm can come with a whole host of responsibilities. You not only need to ensure that your business remains profitable, but you also need to make sure that all of your drivers are operating legally. Having fleet taxi insurance is therefore just one of these essential obligations, and if you want to protect your interests (and those of your drivers) you need to make sure that you are completely covered.