Taxi insurance is a mandatory cover that protects the driver, passengers and vehicle. However, taking out suitable insurance can be complex, and some common mistakes can lead to unnecessary costs, insufficient guarantees or complications in the event of a claim . As a specialist broker , it is essential to advise your taxi driver clients to avoid these pitfalls and guarantee them the best possible cover.
1. Not Checking the Guarantees Included in the Contract
The most common mistake is not reading the guarantees offered in detail . Some contracts display attractive rates , but they only include the bare minimum , leaving the driver without protection in the event of a claim.
💡 To avoid : Opting for basic insurance without checking essential guarantees such as professional civil liability, loss of earnings guarantee or 24/7 assistance .
✅ Solution : Analyze the driver's real needs and recommend insurance that covers:
- Personal injury and property damage .
- Protection of the vehicle against theft and fire .
- Assistance and rapid troubleshooting in the event of a breakdown or accident.
- Compensation in the event of business interruption .
2. Choose Classic Car Insurance Instead of Taxi Specific Insurance
Some drivers think that standard car insurance is enough to carry out their activity. However, this coverage does not protect a vehicle used for the transport of passengers for a fee .
💡 To avoid : Taking out traditional insurance which could result in a refusal of compensation in the event of a claim.
✅ Solution : Check that the contract explicitly mentions taxi coverage and includes mandatory professional civil liability .
3. Neglecting Contract Exclusions
Some exclusions can severely limit the driver's protection. For example, some contracts do not cover claims that occur outside of service hours or impose high deductibles in the event of an at-fault accident.
💡 To avoid : Signing a contract without checking the exclusion conditions, which may prevent compensation.
✅ Solution : Read the fine print of the contract carefully and advise customers on the best guarantees , especially for specific situations such as:
- Vandalism .
- Trips outside the usual areas .
- Use of a replacement vehicle .
4. Not Comparing Offers Before Subscribing
Rates and coverages vary from insurer to insurer , and failing to shop around can result in you paying an excessive price for poor coverage.
💡 To avoid : Taking out insurance without requesting several quotes and without negotiating the guarantees.
✅ Solution : Go through a broker specializing in taxi insurance , such as KT Courtage , to access the best offers available on the market. A broker can help drivers:
- Compare the guarantees of several insurers.
- Negotiate rates and deductibles .
- Propose solutions adapted to their activity.
5. Opting for Too High a Deductible to Reduce the Cost of the Premium
A deductible that is too high can reduce the monthly premium , but can be very expensive in the event of a claim . The driver will have to pay a significant amount before the insurance will cover the repairs.
💡 To avoid : Choosing a very high deductible which makes the insurance unusable in the event of a claim.
✅ Solution : Find a balance between the premium and the deductible to limit costs in the event of an accident.
6. Omitting Assistance and Replacement Vehicle
A taxi immobilized due to a breakdown or accident means an immediate loss of income . Many drivers forget to check if their contract includes rapid assistance and a replacement vehicle .
💡 To avoid : Taking out insurance without 24/7 breakdown cover and a relay vehicle .
✅ Solution : Check that the contract includes:
- A replacement vehicle in the event of an accident.
- Immediate assistance in the event of a breakdown.
- Compensation in the event of business interruption .
7. Do not take advantage of discounts and group offers
Some insurers offer discounts for experienced drivers , fleets of vehicles or drivers with a good bonus-malus . Ignoring these opportunities can be costly .
💡 Don't : Not reporting a claims-free driving history or not bundling your insurance to benefit from a reduced rate.
✅ Solution :
- Take advantage of discounts for good drivers .
- Group together several insurance policies (fleet, home, health) to benefit from a preferential rate .
- Negotiate additional benefits through a broker.
Why Use KT Courtage to Take Out Taxi Insurance?
As a specialist broker , KT Courtage helps drivers avoid these common mistakes and find coverage that is right for their business.
✅ Access to the best taxi insurance offers on the market.
✅ Comparison and negotiation of guarantees for an optimal contract.
✅ Personalized support to choose the most advantageous coverage.
✅ Assistance and advice to avoid unpleasant surprises in the event of a claim.
💡 Contact us now for a free, no-obligation quote !
Conclusion
Taking out taxi insurance without making mistakes allows you to benefit from complete protection without paying more than necessary. As a broker, you can help your clients avoid common pitfalls , such as insufficient guarantees, hidden exclusions or excessively high deductibles. Trust KT Courtage to offer the best taxi insurance solutions and guarantee the peace of mind of your driver clients.