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Taxi Insurance

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UK Taxi insurance is a specialised type of vehicle insurance policy designed for commercial hire vehicles, including black cabs, private hire vehicles and and those used by ride sharing apps like Uber, It’s a legal requirement for taxi drivers and protects them, their vehicles, and passengers against various risks associated with commercial driving. 
 
Here’s a more detailed breakdown:
  • What it covers:
    Taxi insurance provides coverage for accidents, damage, theft, and public liability issues, which can arise from carrying passengers for hire. 
     
  • Why it’s needed:
    Standard car insurance does not cover commercial use, and without specific taxi insurance, drivers could face legal consequences, fines, and potential loss of income. 
     
  • Types of cover:
    Taxi insurance policies typically offer different levels of cover, including third-party only, third-party fire and theft, and fully comprehensive. 
     
  • Public Hire vs. Private Hire:
    Public hire taxis, like black cabs, can pick up passengers on the street, while private hire vehicles, like those used by ride-sharing apps, require pre-booked journeys. Both require specialised insurance policies. 
     
  • Legal requirement:
    Taxi insurance is a legal requirement in the UK, ensuring that drivers are protected and can operate legally. 
     
  • Hire and Reward Cover:
    This is a key aspect of taxi insurance, allowing drivers to carry paying passengers legally, which is not permitted under standard car insurance