As a VTC driver , any interruption in business —card suspension, mechanical breakdown, re-inspection—immediately results in a drop in income . Business interruption insurance fills this financial gap by covering loss of revenue and fixed costs during the restart. In this guide, KT VTC & TAXI explains how to select and use this essential guarantee to stabilize your income, even in the event of an incident.
What is business interruption insurance?
Business interruption insurance compensates for the difference between your usual turnover and that achieved during the downtime. It covers:
- Loss of income (missed shopping)
- Fixed costs (rent, financing, subscriptions)
- An amount capped according to your contract (often €1,500–€3,000/month)
Why it is essential for a VTC driver
- Suspended card (medical unfitness, control)
- Breakdown or accident immobilizing the vehicle
-
Follow-up visit following a refused MOT
Without this coverage, you bear the financial loss alone.
How to optimize your income?
1. Choose the right compensation ceiling
- Analyze your average daily turnover : e.g. €120/day × 22 days = €2,640/month
- Select a ceiling ≥ 100% of your monthly turnover to fully cover your needs
2. Minimize the waiting period
- The waiting period (generally 3 to 7 days) is the period not compensated
- Negotiate a reduced deadline (24–48 hours) to speed up the start of compensation
3. Add fixed costs
- Include all your monthly expenses : rental/leasing, insurance, GPS subscriptions
- Request an extension to also cover urgent maintenance costs
Progress of a loss of business claim
1. Quick declaration
As soon as the event occurs (breakdown, suspension), inform your insurer within 48 hours with:
- Police report/CT
- Invoices or leasing contract
- Usual turnover statement (e.g. shopping bills)
2. Expertise and validation
An expert validates:
- The duration of immobilization
- The amount of the loss (turnover and expenses)
- Compliance with the terms of your contract
3. Payment of compensation
You receive monthly compensation, less the waiting period and any excess.
Best practices to maximize your compensation
- Keep a detailed logbook : dates, cancelled races, work
- Update your contract every year based on your turnover
- Combine with “VTC card” insurance to cover suspensions
- Anticipate breakdowns with regular maintenance to reduce claims
Conclusion
For a VTC driver, business interruption insurance is much more than an option: it's a safety net that stabilizes your income in the event of unforeseen events. By choosing a suitable ceiling , a reduced waiting period and extensive coverage of expenses , you can transform a loss into an interruption without financial damage.
KT VTC & TAXI helps you choose and optimize this guarantee so that you can drive with peace of mind, whatever the hazards.