Private hire insurance and chauffeur insurance are both types of insurance coverage that are designed for commercial use of a vehicle in the transportation industry, but there are some key differences between the two.
Private hire insurance is typically designed for drivers who work for a taxi or minicab company, where they are picking up and transporting passengers on a pre-arranged basis. Private hire vehicles must be pre-booked in advance, and cannot be hailed on the street. Private hire insurance quotes typically provide coverage for risks that are associated with transporting passengers, such as liability for passengers and other drivers, and damage to the vehicle.
Chauffeur insurance, on the other hand, is designed for drivers who work as private drivers, driving luxury or high-end vehicles for hire and reward. Chauffeurs are often hired by individuals, businesses or organisations for special events, airport transfers or business travel. Chauffeur insurance policies provide coverage for risks that are specific to the chauffeur industry, such as liability for high-value passengers, and damage to expensive luxury vehicles.
One key difference between private hire insurance and chauffeur insurance is the type of vehicle that is covered. Private hire insurance typically covers standard vehicles, such as saloons or minicabs, while chauffeur insurance covers luxury or high-end vehicles, such as limousines or executive cars.
Another difference is the level of coverage provided. Chauffeur insurance policies typically provide higher levels of coverage, due to the higher value of the vehicles and the passengers being transported. Chauffeur insurance policies may also include coverage for additional risks, such as damage to expensive audio equipment or other valuable assets that may be present in the vehicle.
You should speak with a broker if you’re unsure which type of insurance you need to make sure your business is fully covered in the event of an accident.