Fleet Insurance

In India, most of the population relies on passenger-carrying commercial vehicles for their daily commute. For many cab or taxi fleet owners, their vehicle fleet is their primary source of income. Therefore, it is essential to have a suitable taxi fleet insurance policy in place to financially protect your commercial fleet. 

Additionally, as per law, in India all taxi and cab owners must have at least third-party insurance coverage to drive legally on the roads. To make the process of buying or renewing commercial insurance for your group of taxis and cabs easier and more efficient, here’s everything you need to know about fleet insurance online. 

Taxi Fleet insurance is a commercial vehicle insurance policy designed for businesses that own and operate multiple passenger-carrying vehicles for commercial purposes, to protect them in case of unfortunate incidents. 

Fleet insurance online provides coverage for all types of cars used by the business, including delivery services, taxi companies, logistics firms, and any other enterprise that relies on a fleet of vehicles for its operations; however, the policy does not extend to individual drivers.

Also, the primary requirement for obtaining fleet insurance online is that businesses must be operating or owning at least two passenger-carrying vehicles for commercial use. 

Yes, having at least a third-party passenger carrying commercial vehicle insurance for your fleet of taxis and cabs is mandatory by law in India. This type of insurance covers any damage or injuries caused to third parties by your vehicle. Without this mandatory insurance, you cannot legally drive your taxi fleet on public roads.

Here are the different types of taxis might be used for commercial purposes such as carrying passengers from one place to another – all of which are covered under taxi fleet insurance:

• Sedans: These cars are commonly used for comfortable city rides and longer trips.
• Hatchbacks: Small hatchback cars are popular for short-distance travel within cities, thanks to their easy manoeuvrability.
• SUVs: These types of cars in the fleet are preferred by larger groups and longer journeys, offering more space and comfort.
• Auto Rickshaws: Fleet insurance also covers your fleet of three-wheelers that are used to carry passengers for short-distance travel.
• Electric Vehicles (EVs): Electric cars, bikes and auto-rickshaws are also gaining popularity for commercial uses. 
• Luxury Cars: These include the high-end vehicles used for premium taxi services.