Insurance is a legal requirement for any vehicle that’s going to be driven on the road, but if your vehicle is your livelihood then it should be an even bigger priority. If you’re a taxi driver (or if you own a taxi firm) then having the necessary taxi insurance in place is vital – you want to make sure that you’re totally prepared for anything that could happen, ensuring that you don’t suffer financially should an accident occur. But, what if you’re not the only one that drives your taxi? Well, that’s where any driver taxi insurance comes in.
This type of policy offers blanket cover for anyone that wishes to drive your taxi, be it for professional reasons or otherwise, letting you be safe in the knowledge that everything is under control no matter who’s behind the wheel. It offers that added safeguard that insurance will always be in place without the need to specify any named drivers, something that can be time-consuming and almost impossible if there are lots of potential drivers in mind. However, it’s important to think about the increased costs involved. Opting for this type of policy will always be more expensive than individual cover or cover for named drivers, so it’s vital that you’re confident the policy (and the premiums) will be worth it.
You’ll also need to think about the age of anyone that could want to drive your taxi. While some insurance companies will offer any driver cover from age 18 upwards, you’ll find it easier (and cheaper) if you opt for a policy that has an age restriction and covers anyone over the age of 25. Older drivers are perceived to be a lower insurance risk and as such will be cheaper to insure, and many firms won’t even consider offering any driver taxi insurance if the drivers are going to be younger. Ultimately you need to do your research and compare several options to make sure you’re getting the best deal, and if you do you can be confident that anyone will be able to drive your taxi without fear of reprisals.