Insurance for independent taxis has several specific features adapted to the specific needs of these professionals. Here are the elements to take into account:
1. Compulsory Civil Liability
As with any professional vehicle, liability insurance is mandatory. It covers damage caused to third parties during the exercise of the taxi activity. However, the coverage must be adapted to the risks associated with passenger transport.
Why is it crucial?
- Protects against claims from third parties (passengers, pedestrians, other vehicles).
- Essential to obtain authorization to operate as a taxi.
2. Theft and Vandalism Guarantee
Taxis, often parked in risky areas, are exposed to attempted theft and vandalism. Independent taxis have every interest in taking out insurance that covers these risks to protect their work tool.
How does this guarantee protect you?
- Compensation in the event of vehicle theft or damage due to an act of vandalism.
- Protection of the vehicle against material damage that could harm the activity.
3. All Accident Damage Guarantee
This guarantee covers necessary repairs even if the accident is caused by the driver. It is particularly recommended for independent taxis whose vehicle is the only source of income.
Benefits of this guarantee:
- Coverage for damage to the vehicle, even in the event of liability.
- Essential guarantee to ensure a rapid resumption of activity after an accident.
4. 24/7 Breakdown Assistance
Independent taxis rely on their vehicles to operate. In the event of a breakdown or accident, 24-hour roadside assistance helps minimise service interruptions and keep trips running.
Why is support essential?
- Fast support in the event of a breakdown or accident.
- Possibility of benefiting from a replacement vehicle to maintain activity.
5. Operating Loss Guarantee
In the event of a major incident rendering the vehicle unusable (accident, fire), the operating loss guarantee compensates for the loss of income during the period the taxi is immobilized.
How does business interruption coverage work?
- Compensation for lost income while the vehicle is being repaired.
- Financial security for the self-employed whose activity relies entirely on their vehicle.
6. Legal Protection
Taxis may face disputes with customers or third parties. The legal protection guarantee covers the costs related to legal proceedings, including lawyers' fees.
Why is this guarantee useful?
- Coverage of defense costs in the event of litigation.
- Legal assistance to resolve conflicts related to the exercise of the activity.
Conclusion
Insurance for independent taxis must be adapted to the specific risks of this profession. By choosing the right guarantees (civil liability, damage from all accidents, protection against theft and vandalism, breakdown assistance, operating losses and legal protection), independent taxi drivers can carry out their activity with complete peace of mind.
Contact KT VTC & TAXI today for a tailor-made quote and solutions adapted to your profession as an independent taxi driver.