Taxi drivers face a number of risks unique to the profession. Aside from the inherent risk of constantly being on the road and in a vehicle, taxi drivers deal with a wide variety of customers, with little possibility to vet them beforehand. Practicing effective taxi driver risk management, including carrying sufficient insurance, is essential for all taxi businesses to protect both their drivers and their financial security?
What Distinct Risks Do Taxi Drivers Face?
Taxi drivers face a set of overlapping risks that make the profession highly unique. These include the following:
- Taxi drivers spend their time at work operating a vehicle, in varying locations, under widely varying weather conditions
- Taxi drivers may be targets for robberies or other crimes, in part because they frequently carry large amounts of cash in their vehicles
Effective taxi driver risk management takes into account the risk profile for taxi drivers and workes to effectively mitigate dangers. This may include placing cameras in taxicabs, requiring additional training in defensive driving for taxi operators, requiring regular maintenance on taxi cabs, and similar policies.
An experienced insurer can help your taxi agency put into place practices to protect drivers, as well as the company, and ensure you are well-covered in the event of any accident or incident involving a taxi.