Insurance is a requirement for all taxi drivers to operate on UK roads. This is not just to protect the drivers and their vehicles in the event of an accident, like generic car insurance is, it also helps protect passengers when travelling in the vehicles, as well as providing cover for more unusual situations that don’t occur for normal drivers.
Protecting passengers and drivers
Having incorrect taxi insurance can mean that passengers aren’t protected in the event of an accident. This can place the driver in a civil and even a criminal court case and can result in them having to pay costs for injury and material damages or losses. This is why it is so important that drivers secure the correct insurance policies before to ensure that both themselves and their passengers are safe.
The right cover helps you stay on the road
Without a vehicle a taxi driver can’t make money so it is important that they are kept on the road. Not being covered for an accident can mean your vehicle is taken off the road for a prolonged period of time without replacement, and driving without any insurance altogether can mean a ban from driving, meaning that a taxi driver is unable to make a living and place them in more serious financial trouble. It is worth noting that if you work for a ride-sharing company then you may be covered for certain risks, for example if you drive for Uber, then you are covered for certain life-changing events – however this type of cover is not designed to replace your Minicab insurance which is a legal requirement.
Not having insurance is a serious risk
Whether you drive a public hire, private hire or minibus, doing so without proper taxi insurance is an illegal offence and can see you lose your taxi license and face time in prison should you be involved in an accident.
Therefore it is vital that you head online to compare taxi insurance policies to find the best option for you. At Quote Goat we compare taxi insurance from leading providers across the U.K. From experienced cabbies to taxi drivers working for the first time, we make it easy to find a great deal.