Whether you work as a taxi driver or run a taxi firm, you’ll need to have taxi insurance in place.

Below is a guide to taxi insurance, including the types of cover available, the requirements for taking out a policy and some good ways to save money.

Types of taxi insurance

The type of cover you need to get will depend on whether you’re insuring a public hire or private hire vehicle. Below is an explanation of both types of cover –

• Private hire – Private hire insurance is for taxis that must be pre-booked by phone or app. Minicabs and Uber cabs are both types of private hire vehicles.You can get private hire cover from Clean Green Compare Taxi Insurance.
• Public hire – Public hire taxis, such as black cabs, are those that can be hailed from the street. Public hire taxis are generally considered at higher risk and therefore public hire insurance is usually more expensive than private hire cover.

With both public hire and private hire insurance, you can choose the level of cover you want to get i.e. third party only; third party, fire and theft; fully comprehensive.

Requirements

In order to take out a taxi insurance policy you’ll need to have the right type of licence, your own vehicle and the ability to drive in the UK.

The requirements for getting a taxi drivers licence will vary depending on the area of the country you want to work. For example the requirements for becoming a black cab driver in London are notoriously strict, with drivers having to pass the Knowledge test before being licenced.

Ways to save money on taxi insurance

• Secure your taxi – A good way to save money on taxi insurance is to make your vehicle as secure as possible. Driving a taxi can be a dangerous job so you should certainly consider having CCTV installed inside the cab to help prevent any incidents involving passengers.
• Pay upfront – Another way to save money on taxi insurance is by paying for the policy upfront on an annual, rather than monthly basis. Of course this does mean you’ll have to pay more initially but most providers will offer you a good saving for doing this.
• Shop around – A very effective way of saving money on taxi insurance is by getting quotes from a lot of different providers. Luckily this is

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When you let property, it’s absolutely vital that you have the right landlord insurance in place.

The property you let is your responsibility so you need to ensure that it’s safe to live in and that any required maintenance is carried out.

Below are some of the main types of insurance you can get as a landlord –

Building insurance

Building insurance is a requirement when you let property. It will cover your property(s) for any structural damage that might occur as a result of extreme weather conditions, fire or flooding.

Contents insurance

Another type of insurance you can get is contents cover. Although this isn’t a legal requirement like building insurance, it is something that’s worth strongly considering if you let out property that has a lot of expensive contents. It will cover you for damage and theft of your contents.

Unoccupied property insurance

If you have property that is unoccupied for an extended period of time then you’ll need to get it covered with an unoccupied property insurance policy. Unoccupied property insurance is a requirement, usually when your property is unoccupied for 30 days or more. The reason you need to get a special type of cover is because the risk or break ins and vandalism are higher for unoccupied property.

Rent protection

If for whatever reason you were unable to collect rent from a tenant, then rent protection insurance would make sure you were still compensated until you were able to have the tenant removed from the property. This is a very handy type of insurance to have since you never know when an issue with a tenant might arise.

Liability claims

Liability claims are always a risk when you own property, whether they come from a tenant or from a member of the public. Liability insurance will ensure that you’re fully protected if a compensation claims goes against you. You can also have legal expenses included as part of the policy.

Security

Making sure you have good security makes a real difference to your premium. Its a good idea to close blinds or curtains when the property is unoccupied to deter breakins.

How to get landlord insurance

The good news is that getting landlord insurance at an affordable price is easier now than ever. There are a number of landlord insurance comparison services online that make it quick and simple to get quotes from providers.

If …

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If you work in the motor trade then it’s essential that you get a traders insurance policy.

Traders insurance will provide protection for the various risks that come with operating a motor trade business.

Because there are so many types of businesses in the motor trade, trade insurance policies are typically highly tailored towards the needs of each business. For example a Mobile Mechanics insurance cover policy will typically have different cover than a policy for a car showroom.

Below are some of the main types of cover you can get.

Road risks

Road risks is the most fundamental type of cover in most traders insurance policies. It will provide cover for the vehicles your business works on/owns so that you and your employees are able to work on/transport the vehicles. You can choose the level of cover you want from third party up to fully comprehensive.

Public liability insurance

Public liability insurance is a very important type of cover for business owners. It will ensure that if a liability claim went against your business, you’d be able to pay out.

Employers’ liability insurance

If you have any employees then you’re legally required to get employers’ liability insurance of at least £5 million. This is to cover you in the case that one of your employees becomes sick, get injured or even killed as a result of the work they do for you.

The only exception is if you only employ a family member or somebody who isn’t a permanent resident of the UK.

It’s extremely important to get employers’ liability insurance as the fines for not having it are very steep.

Legal expenses

You can also have legal expenses added to your policy, for both public liability and employers’ liability insurance. This is a very useful type of cover since fighting liability claims can be very costly without cover in place.

Part-time traders insurance

For those who only work in the motor trade on a part-time basis, there are part-time policies available that will cover you only for the period you require. You can get part-time motor trade policy quotes here – https://www.traders-insurance.com/part-time-traders-insurance/

Combined insurance

Combined insurance is a great choice for motor trade operators who have a premises and want to cover every aspect of their business under one policy. A combined insurance policy will provide cover for your vehicles as well as your premises and any stock, …

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Although running a green business comes with many great benefits, the truth of the matter is that there are still risks you need to protect yourself against.

If you have a business vehicles then you’re required by law to have them insured.

The best way to insurance multiple vehicles is to get a business fleet insurance policy. This will protect your vehicles for risks such as collisions, theft, fire and breakdowns. You can get  commercial fleet insurance at cheapfleet.co.uk. If you service or repair vehicles as well you may need motor trade insurance. If you also MOT vehicles you will need tailored motor trade insurance for MOT stations/garages which is esssential.

Types of fleet insurance

• Road risks – Road risks cover is essential with any type of fleet insurance policy. It will ensure that your vehicles are covered for accidents and collisions that result in damage. You can choose what level of road risks cover to get from third party only up to fully comprehensive.
• Contents cover – If your vehicles are used for transporting expensive or delicate goods then it’s highly recommended that you get contents cover. It will cover your contents for damage, theft and spoiling.
• Liability claims – You can also have cover for liability claims included in a fleet policy, both from members of the public and employees. Legal expenses is an additional type of cover you can get added to a fleet policy.
• Breakdowns assistance – It’s always important to have breakdown cover for your vehicles so you can get them back on the road ASAP if there are any problems. You’ll often find you can save money by getting breakdown assistance included in your fleet policy.

Ways to save money on fleet insurance

• Get a lot of quotes – Getting a lot of quotes is one of the best ways you can save money on fleet insurance for your business. This is because prices can vary a lot from one provider to the next.There are many great sites out there that enable you to get fleet insurance quotes very easily, including  Cheapfleet.co.uk motor fleet insurance
• Make your vehicles secure – Another great way to keep the cost of your fleet cover down is by making your vehicles secure. It’s definitely worth investing in dash cams for your vehicles since more and more insurance providers are now offering discounts when dash cams are present. You

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