Taxi Drivers Vulnerable After Collapse Of Insurer
Taxi insurance client's who hold policies with Enterprise Insurance Company PLC face an uncertain future after the firm announced its insolvency. With Enterprise leaving the taxi insurance market, this will leave UK taxi drivers uncertain about the future of their policies. At present a provisional liquidator has been appointed and is working with the firm to begin winding up proceedings. The liquidator and Enterprise will work hard towards securing an amicable outcome for current policy holders, however this is not guaranteed and this leaves policy holders vulnerable.
Potentially in the next few weeks taxi drivers may be notified by their brokers that they will have to make alternative arrangement for their taxi insurance needs. Taxi drivers could find themselves in the unlucky position of being told that their insurer will withdraw cover from their existing policies and that they will have to seek cover elsewhere. Also renewal offers will not be made on existing business due to the collapse of this taxi insurance provider. Therefore many drivers will find themselves have to secure new quotes to allow them to continue to trade.
Should you be unfortunate to find yourself in this position and need to arrange a new taxi insurance policy, please do not hesitate to contact our office. If you find yourself in a mad scramble to arrange taxi insurance to keep yourself trading, it is best to approach a local broker who can offer you expert advice and find cover suitable to your specific needs.
B&M Insurance have over 25 years experience in Taxi and Minibus insurance. We have access to exclusive taxi deals for owner drivers who live and drive in the Bury area. The scheme is underwritten by a highly rated insurance underwriter and each policy will be expertly handled and tailored for your specific needs.
To be applicable for this scheme, you must hold a minimum of 1 year no claims bonus. Without this we will be unable to quote this exclusive offer to you. We are based conveniently close to Bury town centre, so should you wish to get a quote or have a query you can visit our office. We're a broker that likes to offer our expert assistance to the people of Bury and would appreciate the opportunity to quote for Bury-based owner taxi drivers.
Further discounts can be arranged to your taxi insurance quote if you would be willing to have a camera fitted to your vehicle. Having a camera fitted can be beneficial to you as in the result of a claim the footage and data it stores could prove you were not at fault for a road traffic accident and you're no claims bonus would be unaffected.
If you happen to be a Bury based taxi driver who has faced problems by Enterprise ceasing trading or alternative your policy is due for renewal, why not contact your local taxi insurance experts for a free no obligation quote.
Author: Ryan Hinegan