Becoming a taxi driver is no easy feat. To practice this profession, you must have a B license, be in good physical condition, have a clean criminal record, and have a first aid diploma. In addition to these conditions, you must take out taxi insurance. What is this? How much does it cost? For more information, read this article.
Professional taxi liability insurance: what is it?
Professional liability insurance for a taxi is protection that covers the material and bodily damage caused to third parties during the exercise of the taxi activity. All taxi drivers must guarantee adequate protection for passengers and third parties in the event of an incident on the road.
It covers medical expenses, vehicle repairs, and other costs associated with accidents involving the professional’s taxi. In the event of injuries suffered by a passenger or pedestrian, this insurance compensates for medical expenses, loss of income, and possibly damages.
It also covers property damage caused to third-party property, such as other vehicles, fences or buildings, during an accident. If the taxi driver is an employee, professional liability insurance will be taken out in the name of the company. On the other hand, if it is an independent taxi, the driver will have to take out professional liability insurance in his name. If you need a good insurer,
How much does taxi insurance cost?
The cost of taxi insurance varies depending on several factors, including the geographic area where the taxi operates, the experience of the driver, the type of vehicle, the claims history, and the coverage options chosen. In general, this insurance is more expensive than that of personal vehicles, due to the increased risk of accidents and the specific requirements linked to the profession of taxi driver.
The annual cost of taxi insurance can range from a few thousand to several thousand euros. On average, you can pay up to 2,500 euros per year for basic taxi insurance. However, take the time to compare several insurers before making your final choice.
In short, professional liability insurance is compulsory for all taxi drivers. Regarding its cost , it varies depending on several factors. Before making a final choice, compare several offers.
