Requirements for Taxi Driver Coverage

If you drive a taxi, you know how important it is to protect yourself, your vehicle and your passengers. The best way to ensure that you’re properly covered is to invest in the right taxi insurance for your needs. Here are the main requirements for taxi coverage that you need to know about as a taxi driver.

The Basics

Depending on the state you work in and who your insurance provider is, you can expect a basic set of requirements that you need to meet in order to qualify for taxi coverage. Most requirements depend on the following factors:

  • Location of operation (city & state)
  • Driving history (age, license status, etc.)
  • Condition of the vehicle (typically includes age & type of vehicle)

Before you choose a coverage plan, be sure to investigate the requirements for your specific area and work conditions.

Other Key Factors

As the insurance firm American Risk Management states, some of the most essential types of taxi coverage that you need include liability coverage, workers’ compensation, physical damage coverage and business owners’ package. The costs of these types of insurance will vary based on factors such as your driving record, the vehicle you use and your work location.

Finding a taxi insurance plan that’s tailored to your needs keeps you well protected as a taxi driver. Be sure to consider these points carefully to ensure that the plan you choose is right for you.