Taxi companies and other public transportation companies require the right insurance to protect their vehicles, employers and customers when they are in operation. For any company that has a number of vehicles in operation, the large number of miles covered during operation and the risk associated with carrying passengers for example makes commercial insurance more expensive than standard third party or comprehensive vehicle cover. For private and public hire taxis, the risk involved with public liability needs to be covered, and there are also many extra risks for couriers transporting goods.
There are ways to decrease the price of commercial insurance however, and a good thing to look for is a fleet insurance quote. Fleet insurance is similar to commercial insurance though it is designed to cover a multiple number of vehicles (usually three vehicles or above) owned by a company, and one of the primary advantages of this is the convenience of owning one umbrella insurance policy that covers everything. With a single policy you can have your entire fleet covered, which is far more quick and convenient than having to spend the time and effort insuring every vehicle individually.
From vehicle hire companies to catering services, fleet insurance is the most convenient way to protect all of your vehicles, and analogously to a multiple driver policy saving a car-owner money for standard insurance, the economy of scale helps to reduce your costs when opting for fleet insurance. This also means that it is more advantageous for you to apply for fleet insurance if you have a large number of vehicles.
The price for fleet insurance varies significantly, and depends on the number of vehicles in the fleet, the type of vehicles used, and the need for extra
coverage due to special circumstances.
Many different insurance providers offer a fleet insurance quote when you provide them with your contact details online, or over the phone. You cannot enquire for fleet insurance prices without providing the details of your company, so make sure you have all of your relevant details when applying for a quote.
Apply for a fleet insurance quote at blueangeltech