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Taxi insurance

Taxi insurance is a specialised form of coverage tailored for vehicles used in commercial taxi or rideshare services. It encompasses protection against liabilities such as bodily injury and property damage while transporting passengers for hire.

Who should consider Taxi insurance protection?

Provisions for liability coverage, which protects against bodily injury or property damage to others, as well as coverage for collision damage to the insured vehicle. It often includes coverage, which protects against theft, vandalism, fire, or weather damage.

Safeguarding against financial losses during periods when operations are disrupted. Providing protection by compensating for the income that would have been earned during the downtime, covering fixed costs like vehicle maintenance and lease payments.

Protecting taxi operators from financial losses arising from liabilities they may face while conducting their business. It typically includes coverage for bodily injury and property damage liabilities that may occur during the course of providing taxi services. Helping to cover legal fees, medical expenses, and compensation for damages if the taxi operator is found responsible for an accident or injury while transporting passengers.

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Who should consider Business Interruption protection?

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If your business suffered an unexpected disruption such as fire, flood or storm - how long would it take to get up and running again?

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For most business owners, there are ongoing expenses that you need to pay even if you're not generating revenue.

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Business interruption insurance can get you through a temporary crisis by protecting your cashflow - so you can pay these expenses and help ensure the future of your business.

What can it cover?

Additional benefits may also apply depending on the type of cover you choose. These include benefits such as:

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Cover for Industry Equipment

Taxi insurance may extend to protect essential industry equipment like meters, GPS systems, or in-car cameras, safeguarding against theft or damage.

Personal Items

Taxi insurance may offer coverage for personal items left in the vehicle by drivers or passengers, providing reimbursement in case of theft or damage, ensuring peace of mind for both parties.

Emergency Repairs

Some taxi insurance policies include provisions for emergency repairs, facilitating prompt fixes for mechanical issues to minimize downtime and maintain uninterrupted service for customers.

New Vehicle Replacement Cover

In the event of a total loss, such as severe damage or theft, taxi insurance may offer new vehicle replacement cover, ensuring replacement with a similar model.

Total Loss – Encumbered Vehicles

For financed vehicles, cover may be provided for total loss, settling any outstanding loans or finance agreements in case of irreparable damage or theft, preventing financial strain on the operator.

Funeral Expenses

In unfortunate incidents resulting in fatalities, taxi insurance may cover funeral expenses, easing the financial burden on the family and ensuring dignified arrangements.

Locks and Keys

Coverage for locks and keys can be included, reimbursing the costs associated with replacing or repairing locks and keys if they’re damaged or lost, enhancing security measures for the taxi.

Cover for Industry Equipment

Taxi insurance may extend to protect essential industry equipment like meters, GPS systems, or in-car cameras, safeguarding against theft or damage.

Advice when it matters. Advocacy when it counts.

Case Study

Scenario: John operates a small taxi business, owning a fleet of five taxis. Despite adhering to all safety protocols and maintenance schedules, one of John's taxis was involved in a collision with another vehicle during peak hours. The accident resulted in significant damage to both vehicles, leaving John worried about the financial implications and the impact on his business reputation.

Outcome: With the comprehensive coverage provided by his taxi insurance policy, the costs associated with repairing his damaged taxi were fully covered, alleviating the financial burden on his business. The claims team worked closely with John to expedite the process, allowing him to maintain his commitment to providing reliable transportation services.

*Disclaimer: The information contained in this case study is used only for the purpose of illustration. Individual circumstances, insurance and coverage may vary.

FAQs

Clear answers to help you understand our insurance solutions quickly and confidently

What can I expect from a Gow-Gates broker?

You’ll work directly with experienced brokers who take the time to understand your risk, challenge assumptions, and give advice that stands up when tested. We don’t disappear after placement. We stay accountable through claims, renewals, and change.

Do you work with businesses of all sizes?

We support a wide range of organisations, from growing businesses to complex national entities. Regardless of size, our approach remains the same: senior involvement, considered advice, and accountability for outcomes.

Which insurers do you work with?

We work with more than 150 Australian and international insurers. But our role isn’t to compare quotes, it’s to structure the right insurance program and negotiate outcomes on your behalf. We advocate for you in the market, not the other way around.

What happens if I need to make a claim?

Claims are where brokers prove their value. We manage the process end‑to‑end, challenge insurers where needed, and stay involved until resolution. You deal with the same team who advised you upfront, because accountability doesn’t stop when a premium is paid.

How do you approach insurance advice?

Insurance is a tool, not a product. Our advice starts with understanding your business, identifying where risk genuinely sits, and designing cover that reflects reality, not boilerplate policy wordings. That approach leads to better decisions and fewer surprises at claim time.

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Taxi insurance

Who should consider Taxi insurance protection?

Who should consider Business Interruption protection?

What can it cover?

Cover for Industry Equipment

Personal Items

Emergency Repairs

New Vehicle Replacement Cover

Total Loss – Encumbered Vehicles

Funeral Expenses

Locks and Keys

Cover for Industry Equipment

Advice when it matters. Advocacy when it counts.

Case Study

FAQs

Let’s Connect

Thank you for your submission!

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