Do you need special insurance to be a taxi driver?

Do you need special insurance to be a taxi driver?

As a taxi driver, you’ll need to have a Taxi Insurance policy in order to use your vehicle to carry passengers for reward. If you have specific requirements, for example your taxi business owns a number of vehicles, Taxi Fleet Insurance is available.

What is taxi insurance called?

Private hire taxi insurance (private hire and reward) Sometimes called private hire and reward insurance, it will not cover you to pick up customers without a booking from places like train stations or taxi ranks.

Why is taxi insurance so expensive?

Private hire taxi insurance is more expensive than conventional cover because taxi drivers complete more miles than other motorists, and often do so in congested conditions. As a result, taxis are usually bigger than conventional cars – meaning these vehicles often fall into a higher car insurance group.

Can you drive a car with taxi insurance?

Unlike comprehensive personal motor insurance cover, comprehensive taxi insurance does not protect you if you drive another vehicle with comprehensive cover.

Is taxi insurance the same as business insurance?

Taxi insurance is a specialist insurance policy designed to cover you and your vehicle. As a taxi driver your car is essentially your business and so comprehensive insurance is crucial in order to protect your livelihood.

Does taxi driving pay well?

Almost all taxi drivers are self-employed and as a result, can work the hours they want to work. In most cases however, this may only apply to those that do the job to earn a little ‘pocket money’. In reality, most taxi drivers will need to earn a decent income to survive and will need to work when work is available.

What is the difference between car and taxi?

In general usage, a taxi is a motor vehicle that transports passengers from one place to another for a fare based on the distance travelled. Basically, there is no difference between cab and taxi; both are vehicles for hire.

What kind of insurance do taxi drivers have?

Individual cab drivers must insure themselves against damages and injury. The two main types are private hire and public hire insurance. Private hire insurance is for drivers and vehicles that require specific booking and cannot operation with a taxi sign that solicits customers.

What is an any driver taxi insurance policy?

Any driver taxi insurance enables any driver over the age of 25 to drive the vehicle insured. The benefit of having an any driver insurance policy is that any driver can drive any insured vehicle at any time. This would benefit taxi firms or individuals with multiple vehicles and multiple drivers. Taxi drivers with single vehicles would not benefit as much from an any driver insurance policy as the premium for one vehicle with this risk can be more expensive.

Is taxi driving a good job?

Is taxi driving a good job? Driving a taxi can have a lot of advantages when compared to working a regular 9-to-5 job. Some of the pros of landing a job as a taxi driver include: Students. Parents. People looking to moonlight with second jobs. A reasonable salary .

How can I become a taxi driver?

Though there is no specific educational degree required to become a taxi driver but a candidate with a high school degree or a graduate degree will always be preferred. The candidate should have a proper driving license. The candidate should have knowledge about the local language where he is operating his taxi.