Here are some important points that every taxi driver must know about the insurance and precautions about driving. I research many days and found that almost 60% taxi drivers not have enough knowledge of insurance and its rules. Here are some important points for Taxi Insurance London.
Legal Duties about Taxi Insurance
First of all you must know about the rules of professional taxi insurance and car insurance. According to insurance law simply car insurance and professional taxi insurance both are different. You must need to talk with your insurance broker about it, he will offer you specific insurance plan for commercial use of your car.
The main two type of insurance are public hire insurance and private hire insurance.
This is designed for the taxi drivers those are only drive the taxi for carry pre-booked passengers. This includes limousines, minicabs, chauffeured vehicles and corporate pick-ups (such as airports) etc.
This insurance plan designed for the taxi drivers, those are driving taxi freely and charge the fare from the customers. They don’t work for the pre-booked passengers.
Effects of licence on Insurance:
Almost all the insurance broker demand the licence that is authorized by the Licensing authorities. Taxi drivers must show the proof of licence to get insurance.
Self-employed drivers rule:
Self-employed taxi drivers must choose the insurance plan from the above type of insurance, private hire or public hire. Because in both cases insurance rules are different for the drivers.
Employed drivers Insurance Rules:
If the taxi drivers work for the taxi company not drive the taxi privately, then they will talk with their fleet manager that which type of insurance category offered by the company to their drivers.
Insurance for the Taxi Company:
Taxi firms need to follow business law by having Employer’s risk protection. This incorporates firms that utilize low maintenance drivers, or sub-temporary workers. Keep in mind that Employer’s Liability protection is required, regardless of the possibility that you just utilize somebody on low maintenance premise to answer the telephone.
On the off chance that you are running fleet vehicles then you should guarantee every one of them are secured, and if drivers “swap” between vehicles then you will likewise need to guarantee that the protection incorporates ‘different driver’ cover also.
Here are some top points for taxi drivers regarding insurance. If they follow above all rules then then must save from the loss.