Does the private hire insurance provider provide flexible policy covers?
When you begin to look for an insurance supplier to provide cover for your private hire service, there are several factors that you should take into account in order to ensure that you get the best return on your investment. Among the different factors that should be considered while choosing a provider, one of the foremost factors is whether the private insurance provider provides flexibility in the insurance policies. For example, if you buy a fleet insurance for your existing private taxi fleet but you plan on expansions in the near future, you need to ensure whether the provider will include the new vehicles in the existing policy or if you will have to buy a new policy for the new vehicle. Similarly, if there is a change in your business premises or function and you require additional coverage, you have to check whether the changes can be incorporated in your existing policy. A private hire insurance provider, therefore, has to be flexible with the insurance policies.
How much time does the private hire insurance provider take to release claims?
You buy a policy and make monthly premium payments so that the policy will provide a safety net for you to fall back on. If a provider puts you through a lot of paperwork and troubles you for sanctioning claims, then that provider is not for you. You should check if the provider processes and releases claims easily in times of your need.
Does the private hire insurance provider provide flexible payment options?
The private hire insurance supplier should provide flexible payment options. For example, if you want to make a big initial payment with an intention of reducing your monthly payments, then the insurance provider should be able to accommodate it. Similarly, if you happen to register a big profit in mid-year and want to pay all the remaining premiums of the year in one go, then the provider should be able to consider your request. In addition, you also need to check if he provider charges high penalties if the premium payment is slightly delayed. If he does, then you can look for other options because business is always uncertain.
Is the customer service of the private hire insurance provider efficient?
An insurance supplier should provide efficient customer service. You should get a prompt response from the company if you contact them in times of emergency. An insurance provider should also keep in regular touch with you and follow up on your business. in other words, you should choose an insurance company that involves itself with your business.
Does the private insurance provider give discounts?
Almost all insurance companies give different kinds of discounts. Check out companies that offer the most reasonable discounts on factors such as no-claims, clean driving record and purchase of fleet or comprehensive insurance policies. Private hire insurance is a very powerful aid in times of crisis and cannot be compromised upon. Hence, make sure that you choose the best provider.