If you own a black taxi, you need to understand the type of black taxi insurance you should procure. A black taxi is one that the Public Carriage Office (PCO) in London has licensed for working. Black taxi insurance can be difficult to find as it has many restrictions and conditions that an operator must meet. If you plan to operate a black taxi, you will need to make sure you have the minimum required policy in place. Many insurance companies offer this specialised type of insurance along with regular policies. However, you might find it best to visit a company that deals exclusively with this type of insurance to get the best rates available. No matter what you might decide to do, you should be sure you have not only the minimum insurance but enough to cover any possible problems you might have. After all, the black taxi is your livelihood and you will not be able to support yourself if something happens to your taxi.
Things you should consider when procuring your black taxi insurance can include what types of vehicles you will operate, how many, the driving records of the drivers, where the taxis will service, where they will be stored or parked, what type of customer or service you will offer and many other factors. Ask your agent to be sure you have the required minimums and check out what extras you might need. Accidents that involve third parties can be detrimental if you do not have coverage for that situation. Unlike other taxicabs, black taxi drivers need to consider insurance to cover quick repairs because they cannot substitute another vehicle unless it one that is approved by the PCO. If you want to find the best price and policy, you should consider using a taxi insurance broker to help you. With the connections they may have built up, they could find you policies that meet your needs and still get you discounts to help you afford the black taxi insurance policy. While the process may be complicated and take a great deal of time, do not give up because you need it to stay in business.