- What is it?
Can provide California cab operators with financial protection if they ever are involved in an accident.
- Who’s it for?
Taxi cab insurance is generally intended for taxi operators, and operators normally should purchase the insurance.
- What is offered?
- Standard Commercial Auto Coverage
- Hired and Non-Owned Auto Coverage
- Inland Marine Coverage
- General Liability Coverage:
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Taxi Insurance in California
Livery companies specialize in the transportation of people – getting them from one destination to the next. Whether you run a limo, taxi or non-emergency transportation service, Truck Writers Insurance Services is dedicated to help you minimize exposures and costs.
We understand what it takes to get your vehicle on the road. Agencies that don’t understand your business and insurance requirements might steer you in the wrong direction which can severely hurt your business. Our specialists can help advise you on what to expect when getting your business started as well as helping those that are already in business.
Some common businesses we work with are airport shuttle, limousine, sight-seeing, wineries and other tours, taxis and non-emergency medical transportation companies.
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What is Taxi Insurance?
Driving taxi cabs is work that comes with inherent risk, for thousands of car accidents occur daily and cabbies spend the majority of their day driving. Taxi insurance won’t stop something bad from happening on the road, but it could provide California cab operators with financial protection if they ever are involved in an accident.
Taxi insurance is specialized commercial auto insurance that’s designed for cab operators and some similar professional drivers. In order to offer the robust protection that cabbies need, most of these policies are underwritten as package policies that combine multiple coverages together.
What Drivers in California Need Taxi Cab Insurance?
Taxi cab insurance is generally intended for taxi operators, and operators normally should purchase the insurance. While there are other commercial auto policies available, few are as well-matched with the particular need of cabbies.
Policies are available for both owner-operators and entire fleets of cabs. Additionally, insurance is broadly available for individuals, companies, limited liability corporations and partnerships operating in California.
Should Other For-Hire Drivers Purchase Taxi Cab Insurance?
Whether other for-hire drivers should purchase taxi cab insurance depends on the specifics of their vehicles and services. Executive transport, limousine and black car companies all have similar coverage needs, but sometimes these companies can find alternative policies at slightly lower rates.
Shuttles also have unique considerations that call for a slightly altered policy, as they’re normally larger vehicles and driven along defined routes.
An insurance agent who specializes in taxi cab insurance can help for-hire drivers determine whether taxi or another commercial auto insurance best suits their situation.
Do Rideshare Drivers Need Taxi Cab Policies?
Personal auto insurance normally doesn’t cover for-hire driving, so most rideshare drivers have to amend their policy. A full-fledged taxi cab policy might not be needed, however, and there may be a more affordable, pared-down option.
Again, an insurance agent who’s familiar with taxi cab policies can help determine whether this type of policy is needed in a rideshare situation. An agent can also help find another auto policy if there’s a more suitable option.
What Coverages Are Available Through Taxi Policies?
While the precise coverages that a given policy provides can vary, most taxi cab policies make the following coverages available:
- Standard Commercial Auto Coverage: May cover company-owned vehicles and accidents involving them
- Hired and Non-Owned Auto Coverage: May cover accidents involving leased/rented vehicles that are used for work
- Inland Marine Coverage: May cover goods as they’re transported between different locations
- General Liability Coverage: May cover “slip and fall” accident, slander, libel and false advertising claims
- Business Interruption Coverage: May cover prolonged revenue losses that follow certain disasters
Operators that own buildings likely should also have commercial property coverage for their facility. There are still more coverages that insurers might offer.
Do Taxi Operators Need Workers Compensation?
California state law generally requires employers to carry workers’ compensation. The coverage usually extends protection to workplace injuries and illnesses, the former which cabbies are certainly susceptible to. Many taxi operators are thus required to carry workers’ compensation, and it’s often wise for owner-operators to purchase even if they’re exempt from the employee requirement.
Whether workers’ compensation is included within taxi policies depends on the particular policy, however. The coverage sometimes is available through a policy, but it’s also frequently purchased separately one that offers just workers compensation.
How Can Taxi Operators Get Taxi Insurance?
For help insuring taxi cabs that operate in California, contact the independent insurance brokers at Truck Writer Insurance. Our brokers have assisted many businesses that need commercial auto insurance, and we’ll make sure you find a taxi insurance policy that meets your needs.
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