If you live in London then chances are that you have taken note
of the cabs all over the street. The more famous black cabs belong to
the city and they require years of training in order to provide service
to the city. If you are not interested in this training or would rather
take advantage of a GPS system, then it might be a good idea for you to
start a private hire or minicab taxi service
.
The differences between private hire and public hire are actually quite significant. When you are dealing with public hire, a cab can be hailed from virtually anywhere and the cab might be parked in
some rather unusual places. A private hire cab on the other hand will need to specify a few places, or have the insurance company pick designate parking areas.
When you are shopping for your insurance it is very important that you obtain quotes from various companies and also that you ask the following questions:
* Does the company provide immediate cover? If not then you may be waiting days or even weeks for your fleet to be covered. This may not be acceptable, especially if you want to get off the ground right away.
* Does the insurance provider offer discounts for companies with two or more vehicles in their fleet? This is most definitely something that you will need to consider. Most cab companies will have three or more cars in their fleet, especially if they plan to continue doing business for the foreseeable future.
* Are accidents and assaults covered? This is a great question in most cases because there are insurance companies that will not cover this. Some will cover accidents but not assaults and if you are operating in a bad part of town, your cab is open to many possibilities.
* Public liability is equally important and as such you need to make sure it is included in your policy. You might not perceive your customers as a threat, but one of your drivers may make a mistake or be outright negligent at some point. If this occurs, you will need to make sure it does not affect your company in a negative way. Public liability cover long with your cab insurance will allow you to continue operating regardless of the costs customers and even former employees will incur. This is definitely something to think about!
As you seek out your minicab insurance, you will need to ask all of these questions and more. One big question you will have to ask of yourself is whether or not the insurance company you have chosen will be acceptable for years to come. In some cases you might choose one company and later find that another company is offering minicab insurance for a much more reasonable rate. During these times you should feel free to switch if the plan is acceptable. In other words, do the right thing for your business at the right time!
The differences between private hire and public hire are actually quite significant. When you are dealing with public hire, a cab can be hailed from virtually anywhere and the cab might be parked in
some rather unusual places. A private hire cab on the other hand will need to specify a few places, or have the insurance company pick designate parking areas.
When you are shopping for your insurance it is very important that you obtain quotes from various companies and also that you ask the following questions:
* Does the company provide immediate cover? If not then you may be waiting days or even weeks for your fleet to be covered. This may not be acceptable, especially if you want to get off the ground right away.
* Does the insurance provider offer discounts for companies with two or more vehicles in their fleet? This is most definitely something that you will need to consider. Most cab companies will have three or more cars in their fleet, especially if they plan to continue doing business for the foreseeable future.
* Are accidents and assaults covered? This is a great question in most cases because there are insurance companies that will not cover this. Some will cover accidents but not assaults and if you are operating in a bad part of town, your cab is open to many possibilities.
* Public liability is equally important and as such you need to make sure it is included in your policy. You might not perceive your customers as a threat, but one of your drivers may make a mistake or be outright negligent at some point. If this occurs, you will need to make sure it does not affect your company in a negative way. Public liability cover long with your cab insurance will allow you to continue operating regardless of the costs customers and even former employees will incur. This is definitely something to think about!
As you seek out your minicab insurance, you will need to ask all of these questions and more. One big question you will have to ask of yourself is whether or not the insurance company you have chosen will be acceptable for years to come. In some cases you might choose one company and later find that another company is offering minicab insurance for a much more reasonable rate. During these times you should feel free to switch if the plan is acceptable. In other words, do the right thing for your business at the right time!
For further information regarding minicab insurance visit Swinton one of the UK's leading insurance companies.
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