A Short Guide To Taxi Insurance

Running a taxi business may seem like a relatively risk-free endeavor but there is actually a certain amount of financial risk involved. From getting into a car crash to being sued by an unhappy customer or competitor, there are a lot of potential scenarios you could face that could ultimately cost you a lot of money. Luckily, taxi insurance can help make sure you don’t have to pay for these expensive costs out of pocket.

What Is Taxi Insurance?

Taxi insurance is a type of insurance coverage that is designed to protect taxi owners and taxi business owners from a variety of common risks. It can pay for things like legal fees, repair and replacement costs, and medical bills. Some of the coverage types available with taxi insurance are:

  • General liability insurance
  • Commercial auto insurance
  • Workers’ compensation
  • Underinsured/uninsured driver coverage

How Much Does Taxi Insurance Cost?

Unfortunately, there is no one set price for taxi insurance. The cost of taxi insurance can vary widely depending on a number of factors. Some of these are things like your claim history, the size of your business, the number of employees you have, and the amount of coverage you want/need.

Running a taxi business can be risky. Luckily, taxi insurance can help.

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