Private hire taxi fleet insurance is a type of insurance that has been created to cover businesses in the private hire industry. The insurance will cover anything from accidents to theft. The type of policy depends on the kind of vehicle used, the number of passengers carried, and specific work is undertaken. Private hire drivers must have insurance that covers liability and third-party risks.
There are different types of private hire insurance:
Commercial car insurance, taxi-related liability cover, and taximeter cover. Taxi drivers need to adhere to the driving hours and driving limits for their particular country's law to qualify for commercial car insurance.
The following paragraphs contain information on what PHI is and how it works:
Private Hire taxi fleet Insurance (PHI) is a legal requirement for any driver who provides services that are unregulated by the taxi or private hire industry. Private hire drivers must have insurance that covers liability and third-party risks. The type of policy depends on the kind of vehicle used, the number of passengers carried, and specific work is undertaken.
To qualify for private hire taxi fleet insurance, a taxi driver must have held a hackney carriage driver's license for at least three years and have had no convictions within that time.
The main difference between private and public hire services
There are two types of taxi services. One is private hire vehicles and the other is public hire vehicles. Public hire vehicles are for use without having to make a booking. These taxis can be hailed anywhere they get into. They can be found parked at taxi stands and outside railways or bus stations.
On the other hand, a private hire taxi service is only for those who have made reservations for the taxi. Reservations can be made through phone or internet, according to the facility of the taxi service. Private taxis cannot pick up passengers, who haven't made the previous bookings for the car.
The major difference between the two of them services is that private hire taxis can use only on bookings, while public hire services can pick up passengers on reservations and from taxi stands.
Is private hire insurance flexible?
Yes, Private hire insurance is flexible. Once you have decided which factors affect your insurance and the money you can spend on premiums, you can negotiate your policy with the company. There are no fixed rules as to the cost of premiums or the coverage that private taxi insurance provides. You can take the opinion of insurance experts to be informed about the best policy for you, based on which you can negotiate your policy.
Private taxi insurance may vary from one insurance company to another
Insurance is needed for every private taxi company, so the services and facilities provided by different insurance companies may vary from each other. To find the best private taxi insurance that is suitable for your requirement, you should compare quotes from different insurance companies. They may have different quotes for the same covers and requirements. You can read the terms and conditions of a company and can apply for insurance that can provide you with the best insurance.
Benefits of Private taxi insurance
The Biggest Benefit of private taxi insurance is that you get cover for damages caused to passengers, pedestrians, or drivers of other vehicles. Damage to other vehicles due to accidents is also covered. Since passengers travel in your vehicle, you are responsible for their safety until you drop them off at their destination. If an accident occurs mid-way, then you will have to pay for damage to their health or property. Private hire insurance helps in bearing the loss.
Private hire insurance is cost-effective than public hire policy
Since the risk associated with private hire taxis is lower than that of public hire taxis, personal hire insurance is more cost effective than public hire insurance. If you are the owner of a private hire service, then you can get more discounts on your insurance. You can reduce your premiums further by not making unnecessary claims for a long period and by having a clean driving record.
For detailed information on private hire insurance policy please visit Us, We are specialists in private hire and reward cover.
Hiring a private taxi will save you a fortune of stress and moneyPrivate taxi hire is basically a pre-paid car hire with a well-dressed and courteous chauffeur.
Private Taxi Services give you peace of mind and no one can dupe you because you know what you have to pay at the end of the travel in advance.
It offers you comfort by offering a pick from the airport or your location.
It is important to travel with taxi services having a strong reputation and is a trusted private taxi service.With a fleet of vehicles including Saloon car, executive, and MPV at Taxi Weybridge you experience the best of the comfort and relaxation during your drive to the destination.
All the vehicles are equipped with the latest technology of navigation to make your journey safe and on time.All the chauffeurs are qualified and well trained with a vast knowledge of roads, routes, well-informed about traffic rules with proper background checks.
Taxi Weybridge is committed to provide excellent & affordable private taxi services assuring no hidden charges are included.
