Do I Need Public Hire or Private Hire Taxi Insurance?
The type of taxi insurance you need will depend on the vehicle you drive and most often the way in which you arrange transportation with potential customers.
A private hire cab must be reserved in advance in order to pick up clients; it cannot be called on the street. Both pre-booked taxis and minicabs obtained through services like Uber or Bolt are covered under this and will need a private hire insurance policy.
A car or taxi similar to a black cab, that picks up people from taxi ranks or is flagged down on the street, would be a public hire taxi. Public hire taxis often have a taxi sign on the roof and would require a public hire taxi insurance policy.
It’s crucial to make sure your insurance policy covers your service type and, consequently, any injury to you or damage to your cab that may happen while you’re driving. If you need to file a claim, having the wrong coverage could invalidate your insurance or reduce its level of protection.
Is Insurance For A Private Hire Taxi A Legal Requirement?
If you drive a taxi or hackney carriage for a living, insurance is a legal requirement that protects not only the driver but also the public in the event of an accident.
Providing you have a taxi licence, private hire insurance is quick and easy to arrange so there is no need for an uninsured car to take any chances on the road.
Who Can Get Private Hire Insurance?
Any driver who holds a full taxi licence is eligible for a private hire taxi insurance policy. With this in mind there are some additional factors that can impact costs, these are typically similar factors to those that would impact the cost of a personal vehicle insurance policy. These factors can include age, driving experience, the type of vehicle and any previous motoring convictions.
For taxi’s especially, motoring convictions can make it more difficult to access affordable insurance policies. In unique circumstances where a driver has drunk driving convictions or has previously lost their licence, insurers may be more cautious because there is a responsibility to potential consumers that must be taken into account.
In these instances, it is worth discussing options with a specialist to see what is possible.