Does Protect My Taxi Offer Taxi Insurance?

The key reason that insurance premiums for taxi drivers are typically higher than those for car insurance is that driving a hire-for-reward vehicle comes with additional risks. An obvious example is the long hours most cab drivers spend on the road, come rain or shine. This leads to an increased risk of accidents and subsequent claims. Additionally, the fact that you are also dealing with members of the public inside and outside your taxi leaves you open to liability claims. All these factors combined add more risk for the insurer, which is often reflected in a higher final premium.