Commercial Taxi/Cab Insurance

Commercial taxi or Cab Insurance is a specialized form of commercial vehicle insurance that is legally mandatory and designed to cover the elevated risks associated with vehicles used primarily to transport paying passengers.

Unlike a personal auto policy, cab insurance provides comprehensive financial protection to the business owner against third party liabilities (injury, death or property damage caused to others by the taxi) and own damage losses to the cab itself (due to accidents, theft, fire, or natural calamities). Crucially, it typically includes features like a personal accident cover for the paid driver and specific liability coverage for the passengers, safeguarding the cab owner's business and income from unexpected financial setbacks.