Being a taxi driver means that you are responsible for driving passengers safely to where they need to go, whether it is a short distance or long. It’s important that you have the right coverage to protect yourself and your business in case something happens while on the job. Whether you work full-time or part-time as a taxi driver, there are numerous types of liability insurance policies available to help minimise the risks associated with allowing strangers into your car and transporting them around town.
What types of liability insurance are available to taxi drivers?
Let’s start by discussing bodily injury liability insurance and how it can protect drivers against injuries that occur during accidents. This type of insurance helps drivers offset expenses related to medical bills, lost wages, physical therapy and other related costs involved with recovering from an accident. In addition to protecting drivers against injury claims, this type of insurance also helps pay for legal fees if a passenger files a lawsuit in the aftermath of an accident.
Similarly, property damage liability insurance can cover the cost of repairing or replacing vehicles that are damaged during accidents. This type of insurance may also help pay for damages caused to other properties such as buildings and fences during an accident. However, keep in mind that property damage liability insurance does not typically extend to personal items inside a vehicle.
What is public liability insurance for taxi?
In addition to the more obvious features of taxi insurance, such as breakdown and windscreen cover for example, taxi drivers may also want to consider purchasing public liability insurance.
This type of coverage can help pay for damages that occur to a third party because of an accident. For example, if you accidentally back your car into a nearby mailbox or leave the scene of an accident without identifying yourself as the driver responsible, your public liability insurance could help cover the costs involved in replacing or repairing any damaged property and/or medical bills related to injuries incurred by a third party involved in an incident.
With so many different types of policies available on today’s market, it is important that taxi drivers understand the risks associated with driving and how these policies can protect them from financial loss if something tragic happens. Whether you are a part-time or full-time driver, it is always best to be prepared and ensure that your business is protected should the unexpected occur while on the job.
What other types of liability insurance can taxi drivers choose from?
Other types of liability insurance include commercial auto liability coverage for taxi drivers who use their own car for business purposes and uninsured/underinsured motorists coverage which pays for injuries you sustain from someone who is at-fault in an accident but either lacks adequate liability coverage or no insurance at all.
Overall, it is essential that taxi drivers protect themselves by purchasing the right liability insurance to meet their unique needs. By doing so, you can help ensure that your passengers and business are protected in the event of an accident or other incident while on the road.
Do you need public liability insurance as a taxi driver?
The answer is yes, as it can help cover the costs associated with third-party injuries and property damage in the event of an accident. There are many different types of liability insurance policies available on today’s market, so it is important to explore your options and find one that meets your needs.
Looking for additional information about public liability insurance for taxi drivers? Check out our website for more detailed guidance, tips, and resources to help you make informed decisions about protecting yourself and your business on the road.