Taxi Insurance FAQ's

Author: Chris Roche

If you have just got into or are thinking of getting into the taxi business, it is important that you make sure you take out taxi insurance for your vehicle. With this in mind, there are a number of things that people generally want clarification on when taking a policy for their cab. We have given the answers to the most common questions below and hope that they will assist you when looking for the right cover.
What is the difference between taxi and private policies?
The main difference between these two policies is that taking out a taxi policy means that anybody who uses your taxi is also insured while they are in the vehicle. This is due to the policy including public liability cover.
What is the difference between private hire and public hire?
A private hire taxi is one that must be pre-booked prior to picking anybody up. It is illegal to hail a private hire cab off the street and doing so can land the driver with large fines and may lead to them having their licence revoked.
Public hire cabs on the other hand do not need to be pre-booked and are the taxis that you can flag down. They are primarily used in city centre areas and are governed and regulated by the local councils.
Are personal vehicles allowed to be used?
It is ultimately the decision of your local authority to say which vehicles can be used for taxi purposes. Obviously if you have got a three door hatchback then this may cause problems for some people getting in and out. Generally though, as long as your vehicle is of suitable size and accessibility it should be fine.
Can a private no claims bonus be transferred over?
You will find that a lot of insurance providers will be able to transfer over your no claims bonus from a private policy. It is always best to check with them to find this out as you may well be able to get a reduction in your premium.

Article Source: http://www.articlesbase.com/insurance-articles/taxi-insurance-faqs-2629840.html

About the Author

Written by E-Commerce Manager of Think Insurance, Chris Roche. For more information on taxi insurance , traders insurance or other automotive insurances take a look at our site and give us a call for a cheap taxi insurance quote.

Taxi Insurance FAQ's

Adding Your Motorbike to Your Traders Insurance

Author: Chris Roche

Motorbike cover can be an important addition to your Motor Trade Insurance policy. Here are some reasons why this add on may help your business.
If you have held a full bike licence one year or longer and you have a trade policy then you should be able to add this cover. It can generally be added for a relatively cheap sum.
Some policies will give you cover equivalent to that you already have whilst others may only grant Third Party Only for bike cover  - but if you need to tax or drive a bike then it is still useful.
Just as there are different levels of cover insurers are willing to grant so also can there be different types of bike they will cover you on. This is a very important point to remember so please ask your insurance broker exactly what you are or are not covered for. Eg some insurers will cover you on any cc engine size while others will impose limits. These can be up to 250cc, 600cc, no engine size restriction, and to include superbikes but to name a few.
As a general rule quad bikes are not automatically covered when you purchase bike cover – again it is worth asking your broker if it can be added if you require it. Trikes can also be a problem on some policies and you may find you need a more specialist (and yes expensive!) policy.
Motor bike cover can be added onto your policy from £100 up. It's worth considering if you deal with bikes in your motor trade or even if you just want your own bike covering. However, please remember that if it is just for your own bike you will only get trade value in the event of an incident.
So, if you thought a Motor Trade Insurance policy only covered cars and vans I hope that this short summary opens your eyes to the benefits of bike cover. If you require any information on this or any other motor trade issue please feel free to contact our helpful staff for advice.

Article Source: http://www.articlesbase.com/insurance-articles/adding-your-motorbike-to-your-traders-insurance-2587435.html

About the Author

Written by E-Commerce Manager of Think Insurance, Chris Roche. For more information on motor trade insurance , taxi insurance or other automotive insurances take a look at our site and give us a call for a traders insurance UK quote.

Adding Your Motorbike to Your Traders Insurance