Considerations of Running a Taxi Firm

If you have experience in the taxi industry then you might have considered starting your own taxi firm. When it comes to running a taxi company, there are a lot of things to consider. In order to help you get started, below are some of the most important steps you have to take. Getting a premises To run a taxi firm successfully, you’ll need some kind of premises to base your operations from. Some people start from home but this isn’t always the best idea and even if you do, you’ll need to think about getting a premises fairly quickly. When looking for a premises, you should take certain things into account. Firstly you should think about whether you’re going to rent or buy. It’s usually a good idea to rent first and then you can always decide if you want to buy later. Another key consideration is size. Although you don’t need a huge premises to run a taxi firm from, you still want it to be a decent size. Lastly is location. The location of a taxi office is very important, not only because you want to attract new business but also because you’ll need to choose somewhere that’s on fairly high ground so you can communicate with your drivers. Getting insurance Once you have a premises, you’ll also need to get insurance. The level of cover you need to get will depend on whether you own and insure your own vehicles or you hire owner drivers. If you insure your own vehicles then you’ll need to get a taxi insurance policy to cover them for road risks. You’ll also want to get cover for things such as liability claims. Hiring drivers Hiring good drivers is essential when running a taxi firm. Although there are many people out there who have a lot of driving experience, not everyone is suited to being a taxi driver. The best type of drivers to hire are those who are over the age of 30, have a good deal of driving experience (preferably in a professional capacity) and who do not have any criminal convictions. This will help to keep the cost of your insurance down.… Continue reading »

Fleet Insurance Explained

Fleet insurance is usually associated with businesses but it’s not only for commercial use. For example, families who have many cars to insure can cover them together by getting a family fleet insurance policy. Also if you have a personal car collection and want to insure your vehicles together then you can get a mini fleet policy. Of course countless types of businesses also get fleet insurance too, such as taxi firms, motor trade businesses, food delivery services, supermarkets etc. What types of fleet insurance are there? Below are the main types of fleet insurance – Road risks – Road risks are essential with any fleet policy. The lowest level of cover you can get in order to make your vehicles road legal is third party only – this will provide protection for other road users if one of your vehicles is involved in a collision. Liability claims – Liability claims can come at any time and often unexpectedly so it’s certainly wise to have liability cover included in a fleet insurance policy. Goods in transit – If the vehicles in your fleet are used for transporting goods then you should strongly consider getting goods in transit insurance. This will ensure that your goods are covered for theft and damage as well as spoiling, in the case of refrigerated trucks. Breakdown recovery – Having breakdown recovery is vital when you’re insuring many vehicles, particularly when they’re used for commercial reasons. You have this type of cover added to your policy for an additional cost. How to get quotes Getting a lot of quotes is one of the best ways to save money on fleet insurance so it’s important to do this rather than simply contacting one provider and taking out the first policy you’re offered. By far the best way to get fleet insurance quotes is by using an insurance comparison service. There are many insurance comparison services that you can use online where you simply fill out a quote form and receive quotes from different insurance providers.… Continue reading »