If youíre a chauffeur in the UK,
then you may be considering purchasing Chauffer Insurance. The problem
is trying to determine what type and amount of insurance coverage you
may require. Most insurers donít offer an off-the-shelf Chauffeur
Insurance scheme. Even if they did, you would still want a policy
designed specifically with your business requirements in mind.
There are various types of chauffeur services, and each one presents a
different level and type of risk. For instance, a chauffeur company may
own a single vehicle or a fleet of vehicles. There may be a single
driver, or multiple drivers. The business may be set up to provide
transportation for special occasions, such as weddings and funerals, or
be set up for regular contract work. Some chauffer businesses provide
both occasional and regular contract services. A one-size fits all
insurance policy definitely would not work well for each of these
What Chauffeur Insurance is
Typically, Chauffeur Insurance is used as a motor insurance for
executive vehicles utilised for carrying passengers for hire or reward.
These are most likely to be Mercedes, Jaguar, Bentley, Lexus, BMW, and
other similar makes and models. Although limousines and other luxury
cars may be driven by a chauffer, they are usually covered by Limousine
Insurance instead of Chauffeur Insurance. However, this may vary from
insurer to insurer, and from region to region, depending upon the
licensing regulations. Also, Chauffeur Insurance usually has a few
add-ons that are specifically geared to private hire or reward drivers
thatís not included in standard motor cover.
If youíre trying to decide between Chauffeur Insurance or Taxi
Insurance cover, keep in mind what each one is used for. Chauffer
Insurance is used by businesses that pre-book the appointments, and use
executive type vehicles. The fare is never paid in cash at the end of
the journey, and is placed on account or a credit/debit card. There is
no two-way radio contact between the chauffeur and the base office, and
the work is frequently regular contracts. Although some taxi services
might fit into this description, the majority of private hire taxis do
Types of add-ons to consider
There are several basic types of risks that every chauffeur faces.
cover that provide protection against these basic risks should be the
basis of your policy. After all, purchasing insurance is an essential
element of any good risk management plan. Every successful business
utilises some form of risk management to lower or reduce any risks that
might destroy the business. The basic risks a chauffer needs to guard
ō Injury or death to self, employee, or passengers, and other road
ō Damage or loss of vehicle(s) due to accidents, fire, theft,
vandalism, and employeesí or passengersí behaviour
ō Damage or loss of public and private property
ō Medical and legal fees if a claim is made, including claims made for
corporate manslaughter and personal accidents.
ō Loss of income due to business disruptions
ō Breakdowns, roadside assistance, and onward transportation of
Chauffeur Insurance is sometimes available as Third Party Only and
Third Party Fire and Theft. However, due to the high levels of risk
involved in the hire or reward trade, itís best to get full
comprehensive coverage. If anything should happen to your vehicle,
youíll need a replacement that is of the same class as your existing
vehicle. Without a vehicle, you canít ply your trade, which means you
canít make any income.
Although all motor insurance cover
is expensive nowadays, you may be
able to get some discounts. Some companies offer No Claims discounts.
Some insurers may offer a discount if you use their risk management
plans. You may also be able to get a discount for if youíve had previous
taxi driver insurance. If youíve previously been insured on another hire
or reward companyís policy, then you may be able to get reduced
premiums. Moreover, insurers will usually give a discount for insuring
multiple vehicles. The best way to get discounts is to ask the insurer
what discounts are available to you.
Another good way to get lower premiums is to do some comparison
shopping. This can be done on the Internet or off-line. However, itís
usually less time consuming and less costly to do your comparison
shopping online. Most reputable insurers, insurance brokers, and
Chauffeur Insurance specialists have websites you can visit. There are
also a few specialist insurance comparison sites that you can utilise.
To use the comparison sites, you simply fill out the brief forms as
accurately as possible. Then you submit the forms and simply wait for
various insurance companies to contact you with their offers. Once
youíve collected several offers, you compare the companies, services
offered, costs, benefits, and restrictions. Make sure you carefully read
all the fine print before signing any insurance contract. Also be sure
you understand exactly what is and is not included in the cover.
You will want to find an insurer that offers 24/7 customer care
services. You never know what time of day or night you may have an
accident or breakdown along the roadside. Youíll also want to ensure
your cover include at least some level of Public Liability and Employer
Liability as part of your Chauffeur Insurance policy. Just remember that
itís better to be over-insured than under-insured when youíre purchasing
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