ifydcat There are many reasons why you should have taxi insurance. One of the reasons Just one of these is, it is a legal requirement under the Road Traffic Act of 1988. You risk losing your license, and job, if you take the chance of driving without insurance. Whether you drive a minicab or black cab, are public or private hire, having insurance may save you thousands of pounds by protecting you in the case of an accident. The right policy could pay out for many different circumstances. Your insurance carrier will usually take care of the repairs to help you get back on the road and back to work. With liability insurance you are covered for an accident that may cause injury to a person.
Some policies offer extra protection for taxi drivers, including loss of earnings, which usually help you if you are ever involved in an accident that prevents you from working. Breakdown insurance is also something that needs to be considered. If you have mechanical problems with you taxi, this insurance could help pay for the repairs. With the right insurance you do not have to worry about whats around the corner.
If you have incorrect insurance you may face a lot of potential problems and worries if you drive uninsured. Insurance is there for you if you ever need it. If you lack insurance you face the possibility of fines and even having your taxi licence revoked. Without protection to rely on you could have to find expenses out of your own pocket. You may typically be responsible not only for repairs to your vehicle, but for any medical expenses and any other damage caused by the crash. It is risky. You also could become a target for liability lawsuits that could result in a long, legal process. Having taxi insurance coverage will give you peace of mind and less to worry about. You, your passengers and your vehicle are usually all be protected by the right insurance policy.
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