Private Hire Fleet Insurance

What levels of cover are available for private hire fleets?

Firstly, you’ll need to think about the level of cover you need. You’ll also need to decide whether you want third party only, third party fire and theft, or comprehensive cover.

• Third party only covers damage caused by your vehicles to other people’s property. It doesn’t cover any damage to your own vehicles.
• Third party fire and theft covers damage caused by fire or theft to your own vehicles, as well as damage caused by your vehicles to other people’s property.
• Comprehensive cover covers damage to your own vehicles, as well as damage caused by your vehicles to other people’s property.

You’ll also need to think about the excess on your policy. The excess is the amount of money you’ll have to pay towards any claims you make. You can usually choose the level of excess you’re comfortable with, but remember that the higher the excess, the lower your premiums will be.

What isn’t covered by private hire fleet insurance?

There are a few things that aren’t usually covered by private hire fleet insurance. These include:

• Claims arising from pre-existing damage to your vehicles
• Damage caused by drivers who aren’t listed on your policy
• Damage caused by uninsured or untraced drivers

How much does private hire fleet insurance cost?

The cost of your insurance will depend on a number of factors, including the size of your fleet, the experience of your drivers, and the level of cover you need. You can use our private hire fleet insurance calculator to get an idea of how much your policy might cost.

What are the benefits of private hire fleet insurance?

There are a number of benefits to taking out private hire fleet insurance. These include:

• Cover for a number of vehicles under one policy – You won’t need to take out separate policies for each vehicle in your fleet. This can save you time and money.
• Protection for your business – Your policy will cover you for legal liability, so you’ll be protected if your vehicles cause damage to other people’s property or injure someone.
• Flexible cover – You can tailor your policy to suit the specific needs of your business. For example, you can choose to insure your vehicles for third party only, or you can opt for comprehensive cover.
• Affordable cover – Private hire fleet insurance can be very affordable, especially when compared to the cost of insuring each vehicle in your fleet separately.

Why do I need private hire fleet insurance?

If you’re operating a private hire firm, you’ll need to make sure that you’re properly insured. This is because private hire firms face a number of unique risks that aren’t faced by other businesses. For example, your drivers may not have the same level of experience as traditional taxi drivers. This means that they’re more likely to be involved in an accident.

Specialised private hire fleet insurance is designed to cover the unique risks faced by private hire firms. This means that you’ll be properly protected in the event of an accident or incident.

How can you keep premiums down?

There are a few things you can do to keep your premiums down. For example, you could:

• Install telematics units in your vehicles. This will help you to track your drivers and monitor their driving habits.
• Make sure that your drivers are properly trained. This will help to reduce the risk of accidents.
• Introduce a no-claims bonus system for your drivers. This will encourage them to drive safely and avoid accidents.

You could also consider raising your excess. This is the amount of money you’ll have to pay if you make a claim on your policy. By increasing your excess, you’ll be able to lower your premiums. However, you should make sure that you can afford to pay the excess if you do have to make a claim.