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Who Needs Chauffeur Insurance?
Who needs this insurance? For most people that make a living of transporting people, that usually means driving a taxi of some sort. In these instances there are many options for taxi insurance. Taxi Insurance will cover all the basic costs and risks both mandated by law and those to protect your business from those 'expected' events that will happen for everyone who spends a lot of time on the roads.
If you are a commercial driver or chauffeur driving a vehicle that can not be classified as a taxi, then you need a different kind of insurance to meet legal demands, but also to protect your vehicle, which an expensive executive or luxury car or is difficult to replace immediately.
Vehicles that can be included under this kind of insurance is usually private hire luxury cars, such as Mercedes, BMW, Rolls Royce or all other kind of expensive vehicles used to transport people. Stretch limousines, wedding cars, minibuses, hospital vehicles, public transport and many more may also fall under this category that can not be insured under van, taxi or courier insurance.
The insurance required by law is a Third Party cover, that covers your responsibility on the roads with regards to other vehicles and persons. It covers damages to vehicles, personal damage and death of third parties. Your premium will depend on the driver of the vehicle, such as age and past driving history, the safety of the vehicle and other criteria set by the insurance company.
Public Liability covers claims to damage on public property or personal injury claims made by members of the public. You are not required by law to have this, but it can be good to have if you plan on doing businesses for government or civil service, where they will most likely require that you have in order to award you a contract with them. It will also help you project a responsible image to the public.
Then there is a number of optional packages that are recommended or mandatory:
Employee Insurance:
If you employ people to work for you outside of your family then you need insurance to cover liabilities to them, as long as they are working for you either in your vehicles or at your place of business. This includes all other staff such as maintenance crew, mechanics and office workers, who may be injured whilst at work.
Property Insurance:
This policy covers your property, be it office, garage or any other premises that you own and operate your chauffeur business from, in case of events such as fire, flood, theft and other events.
Businesses Interruption Cover:
If you are unable to do businesses because of breakdown or damage to vehicle or property, this policy insures losses that may be incurred.
Money Insurance Cover:
This provides cover for money lost in your vehicles or property in some cases, as well as money stolen from you on your premises or in your vehicles.
Insurance for luxury cars have risen substantially in the past years, while demands for a fixed duration of contract are stricter. When you consider purchasing chauffeur insurance, the main thing to compare is extent of the cover offered in comparison to the price. On top of that, you can check out what extras are offered free.
Author Resource:-
Paul Headley is a specialist insurance article writer. Staveley Head are a leading UK insurance broker for
chauffeur insurance
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