Operating a taxi service in the UK involves more than just transporting passengers; it requires compliance with specific insurance regulations that protect both drivers and passengers. Taxi insurance is essential for addressing the unique risks of the taxi industry that standard car insurance does not cover. The Role of Insurance Taxi insurance is a specialised type of vehicle insurance designed for vehicles used for hire and reward, meaning they transport paying passengers. This insurance provides additional liability protection, over standard private car insurance, safeguarding taxi drivers from the increased risks associated with carrying passengers. The coverage is crucial for legal compliance and financial protection against potential claims and accidents. Importance of Insurance In the UK, having insurance is not just advisable; it is legally required for anyone operating a taxi or private hire service. Carrying passengers for hire and reward mandates specific insurance ...
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