With an increase in the number of rideshare services out on the road, more and more people are looking to protect themselves with liability insurance. Whether you drive a taxi, drive for Uber or Lyft, or hold a stake in a rideshare or taxi company, XINSURANCE provides insurance solutions for you so that no matter the situation, no matter the risk or history, whether you are a taxi driver or taxi service provider, you can feel safe and secure knowing that you are covered.
Reach out to us today to buy taxi insurance or learn more about the insurance we offer for taxi and rideshare companies to protect your business.
Taxi and rideshare liability coverage is intended to protect you in the event of injuries or damages that your services or car cause. Liability insurance compensates others as a form of third-party coverage, meaning it doesn’t cover you or your employees. Taxi and rideshare liability insurance may compensate victims, such as covering their medical bills or the cost of replacing or repairing their property, giving you true peace of mind.
Your taxi and rideshare liability insurance may cover medical bills if a third-party person, such as a passenger or another driver, sustains an injury relating to your services. If your vehicle causes property damage, your policy may cover the costs of repairing the damage.
If an injured party files a covered claim, your insurance may keep you from paying thousands of dollars for damages. Your coverage may apply to medical, repair and legal expenses, depending on the court’s decision and your term’s limit.
We provide specialty customized insurance coverage through an all-in-one approach to fit your needs.
Learn more about taxi and rideshare liability insurance from these common questions and answers:
A personal auto policy generally does not cover transporting passengers who pay for your driving services. Most personal auto insurance can only cover you when you’re using your vehicle for personal transportation. This distinction means third-party injuries and property damages wouldn’t be covered for a hired taxi or rideshare service.
A policyholder with XINSURANCE may receive coverage for more than one vehicle, as long as they are scheduled. Personal auto insurance would be required for those cars too.
A policyholder should list all vehicles driven with hired services on the taxi and rideshare policy to ensure coverage. A vehicle driven for paid transportation with the taxi and rideshare liability insurance must also have personal auto coverage.
XINSURANCE prepares taxi and rideshare liability insurance plans in most states. Some places have specific requirements to obtain third-party coverage for driving services.
Liability insurance may protect you in the case of an accident, incident, or lawsuit. For example, taxi and rideshare liability insurance may cover third-party injury or property damages if you get into an accident and are liable for the expenses. If the event of a lawsuit, XINSURANCE may cover the legal costs and expenses a jury or judge determines, up to your term limits.
Taxi passengers are less likely to buckle up when they’re sitting in the back seat. In fact, 57% of passengers reported always using their seat belts in a taxi, compared to 74% of passengers in personal vehicles
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