Do Not Get Caught Without Cab Insurance

If you decide that you want to run a taxi cab service you will need to think about a few things first, such as finding yourself a vehicle and some form of insurance cover, such as cab line insurance.

Taxi cabs come in all shapes and sizes, and more importantly, many different prices, so the cost will be one of the first things you need to consider. This price will alter significantly if you are purchasing a fleet of cabs, rather than just one or two vehicles.

In addition to the original outlay of the cost of the car, you will have maintenance and repair costs, servicing and MOTs cost enough, let alone the multitude of repairs your vehicle could end up needing after spending so long on the road.

Cab line insurance will not cover the standard maintenance costs as these are the responsibility to the driver or owner, but should your vehicle be put off the road due to an accident, insurance will play a major part. Getting caught without cab insurance can put taxi drivers in a difficult position as the income generated from taxiing is your livelihood.

By purchasing a suitable cab line insurance policy, taxi drivers can protect themselves against the risks associated with being a cab driver. Cab insurance should be able to provide the owner/driver with the following benefits:

• Repairs: although you will have a pay an excess fee when claiming on cab line insurance, if the repairs total a hefty sum you will only have to pay a small percentage of the cost. This allows the driver to get back on the road and back to work as soon as possible. Being stuck without a vehicle as a cab driver can lead to all sorts of financial problems so don’t let yourself be the one that gets caught out.

• Replacements: As a cab service you will probably find that you need to replace your vehicles more often than the average domestic user. Some cab line insurance policies will provide replacement vehicles when the car comes to the end of its life, however you should expect to pay a premium for this.