Every individual looking for taxi insurance only wants two things from their individual or fleet policies a affordability and comprehensive cover. In the past it may have been difficult to combine the two because only specialist insurance companies tended to offer it but there are far more providers now and you can easily select the taxi insurance that best suits your wants and needs as well as your bank balance.
Taxi insurance is still a specialist product because very few private and public hire car companies have uniform needs. There are some features of every policy that have to be in place to ensure that the company can remain legally on the road, so to speak, and also provide you with peace of mind that your business interests are protected in addition to the interests of your customers. Personal accident and public liability are just two of them.
You need personal accident cover to ensure that you are covered in the event of an accident on the road. After all, you need to be able to afford repairs or replacement vehicles wherever necessary. Public liability is also essential in case one of your passengers is hurt in an accident to ensure that you do not have to cover the bill should a claim for damages be lodged at a later date. Neither of these elements need elevate your taxi insurance to an unreasonable level though, especially if you find a good provider and have no claims bonuses to take advantage of!
It is essential to look around before settling on your final taxi insurance policy because you need to be 100% certain that you have got cover to meet all of your wants and needs. With public safety in your hands, as well as your vehicles, it is important to take that little extra time because it is worth it.