Even if your taxi company takes key safety precautions, ensures all company vehicles are in good shape and are up to code, and only hires top-notch, highly qualified cab drivers, it may be impossible to entirely avoid all taxi cab accidents. However, even if accidents happen on occasion, knowing the most important things to do right after a taxi accident can help keep your drivers and others as safe as possible while minimizing legal and financial issues for the company.

Making sure your drivers know how to prevent accidents and what to do should one occur is an effective first line of defense against accident fallout. Remind your company drivers to:

- Drive with the car lights on at all times

- Wear seatbelts and require all passengers to wear seatbelts

- Never drive above the local speed limit and obey all traffic officers and road signs

- Remove the taxi from traffic and turn it off in the event of an accident on the road

- Call the local police and authorities to the scene immediately following an accident

No matter how minor the taxi accident, thorough documentation is an absolute must. Your drivers should always:

- Photograph and take video footage of your company’s taxi and all other vehicles involved in the accident

- Get close-ups of damage to the car and to company property, where applicable

- Note any potential injuries or other physical harm resulting from the accident

- Collect insurance information, drivers’ license information, vehicle information, and other key points of contact information from all the drivers involved

- Retain point-of-contact information for all police officers and eyewitnesses on the scene

To prevent further issues, your business should file an insurance claim as quickly as possible after an accident. Remember to:

- Inform your insurance company and the insurers of others involved immediately

- File your formal claim and wait for your insurance agents to walk you through the net steps

- Check the details of your policy to see how much of the repair costs may be covered by your insurance and/or whether the accident will impact other aspects of your policy, such as premium costs

Even for cab companies with stringent safety precautions, high hiring standards, and extensive taxi insurance at the ready, taxi accidents can result in a slew of issues that must be mitigated immediately. If one of your company drivers gets into an accident, make sure to contact the authorities right away, gather key information, document all damage, and file a claim as soon as possible to avoid further troubles.

What to do After a Taxi Accident

Before taxis, those wishing to get from here to there could hire horse-drawn vehicles. In 1897, pioneering vehicle inventor Gottlieb Daimler built the first dedicated taxi, and the world has not looked back. From horses to horsepower, taxis are part of cultures around the world. Taxi firms can be profitable businesses when managed well and run efficiently. Taxi company owners today can choose from a variety of advanced digital tools to help streamline operations. However, one detail they should take care of is protecting their business with the right taxi insurance. 

There is no single set figure or factor for determining the cost of insurance for taxi firms. If you own a taxi firm, there are multiple considerations that can affect the price of premiums you may pay. These include:

- Location - The state and region where your taxi service operates helps determine the final cost. Different states and even counties and localities within states have varying regulations. Firms operating in larger cities, for example, should generally expect to pay more than firms operating in smaller towns and rural areas.

- Fleet size and type - The number of vehicles and drivers in your firm, as well as the makes, models, ages, and sizes of your vehicles, affects the overall cost of coverage. Multi-person vehicles cost more, since they hold more people.

- Coverage level - Firm owners can choose between different coverage levels. Third party insurance, the most basic, only compensates others for damage or injury your drivers cause. Third party, fire, and theft insurance pays third parties plus compensates you for taxi damage from theft or fire. Finally, comprehensive insurance covers everything previously mentioned as well as pays for injury and damage to your drivers and vehicles.

In general, most taxi policies cost between $5,000 and $10,000 per vehicle per year. You will need to get a detailed insurance quote to find the best coverage for your firm. The taxi industry has inherent risks, but carrying the right taxi insurance can help you breathe easier day to day.

To determine the best taxi insurance for your particular needs, first take a look at your firm and then look at your business plan. Consider any plans for growth you want to implement, whether they be adding new or expanded services or purchasing more vehicles and hiring additional drivers. Once you have thought about where you want your company to go, visit an insurance professional ideally specializing in coverage for taxis to explore your options. Research and planning, along with getting professional advice and tips, help you select the right insurance package for your taxi company and your budget.

What Does it Cost to Insure a Taxi Business?

Of course, there are liabilities associated with operating a school bus. Likewise, these liabilities illuminate the need for school shuttle insurance. School shuttle insurance is a specialized policy designed to shield schools and drivers from the liabilities of school bus driving that may emerge. It works to prevent financial loss and enable schools and drivers to prepare for the worst. Find out why your district likely needs it and how it can protect your drivers.

Many people call school buses the safest vehicles on the road. However, it is not always the case. The National Safety Council reported that as many as 54 people die in a year due to school bus accidents. This figure is a concerning number, and it proves that school buses are not exempt from the hazards of the road. Additionally, millions of students take school buses every day. They need to feel safe when sitting on the bus during the drive. School bus drivers must exert caution when transporting students to and from school. Luckily, a school shuttle policy can shield schools from liability in accidents like these — and schools aren’t the only ones covered. This type of insurance can also protect the bus passengers, driver, and district.

School bus insurance covers many parties who could be found liable in the aftermath of a crash, but what exactly does it cover? As a commercial auto liability policy, school bus insurance covers expenses associated with injuries sustained by pedestrians or other drivers. It especially helps if they suffer an injury in a crash. Additionally, coverage also includes the cost of repairs if there is damage to the vehicle. These components are critical because they can protect a driver even if they are at fault.

If you’re wondering why school shuttles need insurance, you should look for a few key features when you shop for a policy. Knowing which policy to secure can determine which liabilities you have, and what to expect from the school bus coverage. Additionally, it provides you with a legal document that protects your interests should the worst occur.  Perhaps the most important qualification is the insurer’s school shuttle liability knowledge. Many jurisdictions require school shuttle insurance, so an insurer should be well-versed in the local statutes mandating coverage. Also, you should also look for a policy that’s priced right for your district’s budget. The school should prepare a budget and ensure they can afford the right coverage, and maximize the value they pay on it. Cost is an essential factor when choosing a policy. 

Do school shuttles have insurance even if a driver has not gotten into an accident? The answer is yes — schools need bus insurance regardless of the bus operator’s driving record. Drivers can always form a plan of conversion before deciding on an insurance policy. However, insurance is no replacement for safe driving practices. Drivers and districts must be proactive in combatting the most common risks encountered on the road. Then, they can prevent themselves from encountering a situation where they create liabilities. Drivers can minimize most of these liabilities through safe driving practices and observance of traffic laws.

Forge ahead.
Grow your business.

Why Choose Forge Insurance?

Ready to work with Forge Insurance?

Vehicles We Insure

Where We Work

Forge ahead. Grow your business.

Why Choose Forge Insurance?

Ready to work with Forge Insurance?

Vehicles We Insure

Where We Work

Forge ahead.
Grow your business.