Black cabs are a British institution and can be seen throughout the length and breadth of the country. However, operating such a vehicle has a number of obligations and responsibilities, the most important of which has got to be having adequate black 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.
When searching for this type of insurance, you need to bear in mind a number of important points. The first is the level of cover that you’re looking for. It’s always best to go as comprehensive as possible if you want to be completely protected, but third party, fire and theft is the very minimum you should be going for. This will protect you and your cab in the event of any damage to it, but having additional public liability cover is essential if you want to protect your passengers and any other road users.
It’s always best to see what other additional options can be offered, because anything that can provide even more cover would be well worth considering. Most policies should come complete with replacement cab cover, and if yours doesn’t then keep searching this can be a lifesaver if your cab were to be stolen or damaged in an accident, meaning that you’re not out of work for any longer than you have to be.
However, it’s important to check that your insurance policy covers you for the area that youâ€™re working in. A lot of insurers won’t offer cover for black taxis that are in cities deemed to be high-risk, and if you’re in London you could find it especially difficult. But, if you spend the time to search you’ll be able to find insurers that specialise in providing London taxi insurance, allowing you to get on the road as quickly as possible.
Price will be another important consideration, and luckily there are policies out there that have every sector of the market covered. There are always things you can do to reduce your premiums, such as increasing your excess, and as long as you compare several policies you can be sure that when you select the cover you want your black taxi insurance policy should be at a price you can afford.
Why not get a quote online and see if you can save.