Best's Underwriting Report

Taxi Companies

Best's Underwriting reports describe the hazards and loss controls of nearly 600 businesses and municipal services. Each report includes a detailed description of the industry and identifies the hazards and loss controls for those companies. The Hazard Index of each report quantifies the degree of liability in applicable lines of insurance.

Report Date: 12/6/2019 1:46:51 PM
Report Type: Update
Report Description: The Taxi Companies report helps readers assess the insurance needs of companies providing taxi services to the general public. The insurance line that carries the greatest degree of exposure is Automobile Liability. The special exposure for taxi companies is the public liability for transportation of passengers, but some also pick up and deliver legal documents, parcels, and/or medical specimens to and from designated locations, often with strict deadlines. If the company provides a 24-hour emergency service, drivers will have to drive during hours of darkness and often under time constraints. Related reports include Automobile Repair Shops and Oil Change Centers and Bus Charter Services.

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