Insurance is a means to protect your business to protect you from losses. Insurance for chauffeurs is specifically designed to cover drivers of luxury, high-value vehicles to carry passengers who expect a high class of service.

Traditionally chauffeur drivers are polite and discreet, smartly dressed in a dark suit wearing tie, boots, hats, and gloves. They will considerably open doors for passengers, will help their passengers in loading and unloading of their luggage and they have undergone additional driver training courses. A typical chauffeur/executive hire service does not have a base office instead they only offer pre-booked jobs offering their passengers with a limousine or executive type vehicle. These vehicles will either be pre-paid on an account basis or by credit or debit card.

If you’re running a chauffeur business that is more often to carry passengers on a contract basis in a higher value vehicle you need to look for Chauffeur Insurance policy that is tailored specifically to your business. This will keep you hassle-free about replacing your vehicle at a cost that could affect your business.

Why you need Insurance for your Executive Vehicle?

If you are the owner as well as the of an executive hire vehicle, with the passing days running costs of your vehicle can be expensive. This is why insurance for your chauffeur car is vital for your business. Without an appropriate cover in place, the costs could have a massive impact on your business’ finances when you need a high-value executive vehicle. Hiring a specialist chauffeur insurer, you are guaranteed to get a fully licensed replacement vehicle that seems attractive to many taxi and chauffeur service providers.

Airport pickups, corporate travel, wedding car hire, and various other chauffeur businesses commonly use executive vehicles such as Mercedes’, Bentley’s, BMW’s and other executive vehicles which make the need for the right insurance policy even more important.

How Insurance is important for your Executive Vehicle?

As a driver of any vehicle, the need to be protected is the essential requirement. Critically, when you are driving a high-value executive vehicle, ensuring that you’re comprehensively covered becomes even more important. If you do not have a chauffeur or executive hire insurance, your high-value vehicle won’t be fully protected from any accidents or potential collisions on the road. After getting the right insurance cover, drivers will be at complete peace of mind that they and their passengers are safe while making pickups & drop-offs, no matter what.

Choosing the right taxi insurance is not that straightforward as finding regular car insurance. It can be quite daunting as to get the right insurance cover you need to consider a lot of factors such as; you, your livelihood, passengers, pedestrians and passers-by.

A specialist taxi insurance broker is highly experienced in pairing their customers with insurance as per their needs and requirements. Policyholders require them to find a deal within their budget ensuring that they are getting the right cover with the additional products they require.

Here, we have compiled some essentials that you need to consider when deciding the type of insurance that is right for you;

Different Types of Insurance:

Which type of insurance you want to choose for your vehicle is not that simple of picking the one that coincides with the name of your operations. For example, Chauffeur Insurance demonstrates the type of policy catered towards an executive model such as; BMWs and Jaguars differ widely from what is required from a standard private hire vehicle.

The type of taxi you own or the one you are in charge of will determine the type of insurance you need. For instance, are you a public or private hire taxi driver? Do you need minibus or black cab insurance?

Why Is Taxi Insurance So Important?

It is immensely vital to consider that’s why it’s so important that taxi drivers must have the correct insurance for their needs. All motorists need to be insured with third-party insurance being the minimum legal requirement, according to the Road Traffic Act 1988. With the blanket requirements obligatory for every driver, taxi drivers need to consider few other things involving; drivers are licensed by the local authority, all taxis in a fleet are insured, and deciding what add-ons you want for your policy.

What type of taxi you drive, your vehicle is an asset to you. Protecting it by getting the right taxi insurance as per your needs is clearly of the topmost importance. Anyhow, accidents and passenger injuries may occur at any time, so it is vital to check that taxi insurance covers all the eventualities including; vandalism, fire, theft, personal injury, third-party liability, accidental damage, as well as damage to property.

How Much Does Taxi Insurance Cost?

What type of taxi insurance you choose will ultimately determine how much it will cost. It also depends on the factors like; safe driving, how much miles you do cover, location, safety devices, and no claim bonus. This factor impact largely on the premium price you’ll pay.

Introduction

Taking car insurance is a lawful obligation and with the correct level of protection, delivers financial defense in the event of your car being dented. It will also be responsible for cover for wounds to other chauffeurs, travellers or pedestrians, and their belongings. Accidents occur, so it’s supportive to see that you’re protected financially if you’re tangled in one.

Why is insurance necessary?

Having car insurance is vital because it covers your costs if your vehicle is causing to damage or injuries to other drivers, passengers or pedestrians. All chauffeurs must be protected in contradiction of their responsibility to other individuals, as agreed in the Road Traffic Act 1988 of London. Chauffeur Insurance is the biggest caring hand that is behind you when you have committed any accident.  Insurance can also deliver financial care if your car is stolen, destroyed or demolished by fire.

What if I’m not insured, insured and indemnified?

Driving without car or chauffeur’s insurance is unlawful. If you are not associated with any covered policy, you could be penalized or prohibited from driving. The supreme fine is limitless, plus you’ll obtain six to eight penalty points on your license which is negative from the criminal viewpoint. The Government is presently revising fines for uninsured chauffeurs who kill or are tangled in accidents.  The police also have the control to grasp and abolish any vehicle being motivated without protection.

How is the cost of car or chauffeur’s insurance operated?

Your premium is based on a number of features, including your age limit, your location, which car you are driving? Your profession or business, where you will keep your car and were you involved in any condemned motor crimes. You can frequently lower your premium by compensating a higher surplus, which is the amount you have to interject towards the rate of a claim you create.

No-claims Bonus

For every year you don’t get a due on your chauffeur’s or car insurance, you’ll earn an ages no-claims bonus (maximum 9 years). This no-claims bonus is then explained into a discount at regeneration, although a discount in premium is not always certain should there be an alteration in your situations or the markets. Frequently, this will keep on unbroken if you make due for an accident that wasn’t your mistake. You must always warn your broker of any accidents you’re encompassed in, even if you don’t attain a claim.