What should taxi insurance cover?
Depending on the level of cover you opt for, taxi insurance can be very useful in protecting you from a wide range of claims. Although third party insurance is the minimum level of cover you need to be in compliance with the law, it will only cover the cost of damage or repairs to a third party vehicle, whereas costs for your own will need to be paid by yourself.
Therefore, it makes sense to go for a comprehensive insurance policy that will cover things like: public liability, breakdowns, windscreen and glass damage, accidental damage, theft, vandalism, and personal belongings, among other things. It is possible to design a policy that suits you, which will include a number of optional extras that can help add even more protection.