Are you an entrepreneur that owns your own taxi company? Owning a taxi business can be a wonderful way to support yourself while meeting interesting people and being your own boss. Whether you are the only cabbie in your company or you have an entire staff of employees, your business should be covered by taxi insurance.
What Is Taxi Insurance?
Taxi insurance is a type of coverage that protects taxi drivers, their vehicles and passengers. Since taxi services differ from limousine services, sedan cars and ridesharing businesses, they are open to different types of risk. Taxi services have random and unscheduled pickups and often do not use luxury vehicles. This factors into taxi insurance requirements.
What Coverages Do You Need?
A comprehensive taxi insurance policy will cover many types of risk, including:
- Liability coverage, including property damage and bodily injury
- Uninsured motorist coverage, in case you are in an accident with someone who is not insured
- Physical damage, offering coverage in the event of fire, vandalsim or theft
- Collision, to cover accidents that do not involve another vehicle
If you own a taxi business, contact your trusted insurance professional to be sure you carry a comprehensive suite of taxi insurance that would protect your business should anything happen.