Motor Trader Insurance: What Can a Taxi Firm Expect From Fleet Insurance?

Fleet insurance is a great cover to take if you own a business where you have numerous company vehicles. The advantage to this cover is that you can add a large number of vehicles and they can be a mixture from motorcycles, cars, vans and trucks.

As a business owner with a business where you have five or more vehicles, this can be a blessing, only one handy policy, one claims process, one premium and an opportunity to save money.

Some brokers will accept companies with three or more vehicles while others prefer five. This is something to bear in mind if you want to save money each year on your vehicle policy.

Now for a taxi company that runs a number of vehicles on the road at any given time this is a wonderful way to save money each year. If you think about a private auto policy where you own two or more vehicles, the more vehicles you add to the policy, your premium doesn’t inflate that much. The same applies with this level of cover. If you were to have each vehicle covered on a separate policy your premiums would be dramatically inflated.

A taxi firm is at risk on a daily basis with their vehicles out on the roads and it doesn’t matter whether you’re in the heart of the city or on a rural country lane, accidents can happen in a heartbeat.

When it comes time to claim if you had all your vehicles covered separately you’d be digging through paperwork in a desperate attempt to determine which broker you need to call. Having this policy in place there is only one policy and therefore only one telephone number to call and only one claims process to go through even if more than one of your cabs were involved in the accident.

Another advantage is that you will never forget to pay a premium, it can happen when a company has their vehicles all covered by different brokers and the premiums are due at different intervals. If you allow the policy to lapse due to non-payment your taxi is on the road illegally and in the event of an accident this can cost you dearly, never mind the trouble you will be in with the police.

The fleet insurance policies are so flexible, making them an ideal choice of any taxi firm giving you the ability to add a choice of vehicles to one policy and remove and add vehicles as and when needed depending on your requirements.