Taxi fleet insurance is designed for businesses operating multiple taxis, covering risks like accidents, theft, and liability claims.

Mandatory Insurance:

• Third-Party Liability Insurance: Required by law, it covers damages and injuries to others caused by an accident involving a taxi.
• Public and Private Hire Regulations: Operators must obtain necessary licenses from local councils for public or private hire vehicles.

Comprehensive Coverage:

Often includes:

• Damage to the Taxi Fleet: Covers accidents, theft, fire, and vandalism.
• Passenger Liability: Protects against claims from passengers for injuries or damages.
• Employers’ Liability Insurance: Required if employing staff, covering employee injury or illness claims.

Optional Features:

Policies may offer additional coverage like:

• Legal Expenses Insurance: For legal fees related to claims.
• Breakdown Assistance: Roadside support for fleet vehicles.
• Windscreen Cover: For repairs or replacements.
• Loss of Income Cover: Compensation for lost income when a taxi is out of service.

Benefits:

• Cost-Effective: Lower premiums for insuring multiple vehicles under one policy.
• Simplified Management: Easier to handle renewals and claims with a single policy.
• Flexibility: Policies can be adjusted based on fleet size.

Taxi fleet insurance is crucial for UK taxi operators to ensure legal compliance and protect business assets effectively.