Taxi Cab Insurance
Taxicab liability insurance coverage
Insuring a fleet of cabs or an individual taxi can be a daunting prospect but, under federal law, you have to have taxi cab liability insurance if you intend to drive people from point to point in return for a fare. Whether you are insuring a single fare-based taxi or a number of cars, there are a few things you can look for that can help you drive the price of taxi cab insurance down and keep you protected.
A good taxi insurance policy will automatically offer public liability coverage with a good indemnity limit. It is also useful for a cab insurance policy to include a breakdown and recovery assistance plan, allowing you to maintain smooth day-to-day operations. Taxi cab insurance quotes can be expensive, but the trick is not necessarily to look for the lowest quote, but to look for the policy offering the most benefits at an affordable premium.
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