Importance of London Black Cab Insurance
A Protection You Need
Black cab insurance
It does not matter whether you have a private hire or public hire license, you require taxi insurance to drive a black cab.
London Black cab insurance, also known as Hackney carriages, are more often than not used to pick up buyers from paying clients who address taxis on the road. These are served by public hire licensed drivers; in London, these people have passed ‘the knowledge’.
Some black cabs are also used by private hire or PCO-licensed drivers. In these circumstances, the taxis must be pre-hired by clients.
Kinds of Black Cab Insurance
Sole driver policies
It is that type of policy where only a driver can drive the vehicle.
A named driver policy
If more than one person drives the taxi then a named policy will be better for you.
Any driver policy
In any driver policy, anyone can drive a taxi who is related to the company.
Black cab insurance requirements
The drivers who drive Hackney carriage will require black cab insurance.
Most black cab drivers will require public hire insurance. If the driver has a private hire license, you will need private hire taxi insurance to cover pre-hired journeys. We will offer you insurance for all types of taxis.
Black cab insurance inclusion
Black cab insurance includes three levels which we will discuss:
Third-party only:
It is probably the most basic type of coverage that will give you the protection to those who get injured or their property gets damaged in an accident. Third-party only will cover any costs for inducing damage to other vehicles or property.
Third-party fire & theft:
This is pretty much the same to the third party only but the only difference is that you will also get coverage for third-party fire or in case of some attempt of theft.
Comprehensive:
It will include all the above and will get coverage for damage to your vehicle. There is a cover for injury in case of any. You will also get cover for fire damage or in case of theft and if your vehicle gets damaged or its spare parts.
In addition to it, you should also add public liability cover. It will insure you against claims for alleged injury from someone. If you use black cab drivers, you should get employer’s liability insurance. It will cover you against claims from workers for the same as public liability insurance.
You should contact us about your business requirements and we will try to find you a suitable policy.
How much does black cab insurance cost?
There are many factors that will affect the cost of your black cab insurance, and the factors are:
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Age of the driver
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Experience of the driver
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How much do you drive
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How much distance do you cover each year
If you select third-party only insurance, it does not really mean you will get a cheaper cover, and on some occasions, comprehensive insurance will be cheaper, you should compare from different providers to find the best deal for your taxi.
We can arrange cover for new badge holders and also for younger and senior taxi drivers. It is better sometimes to pay more to get better quality insurance. You should check what your policy covers to get some other benefits.
You should contact us and describe your demands and we will find you the best quote from a panel of insurers.
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Advantages of black cab insurance
There are a lot of benefits of black cab insurance which will be discussed below:
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It will provide cover for third-party only, third-party fire and theft, and comprehensive.
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You will also get public liability as standard.
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Black cab insurance covers drivers aged between 23-75 years.
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It will also cover new badge holders.
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Repayment options are also available in black cab insurance.
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In the event of a non-fault accident, we will provide you with replacement vehicles in order to keep you on the road. You will also get an introductory discount for a private hire vehicle or taxi fleet driving experience with a no-claim bonus, and will also get annual and short-term policies.
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