Taxi insurance is a safety cover for taxis. The frequency of road accidents has risen like never before. In such a dangerous scenario, cab drivers and the cab are both at high risk since all their working time is spent traversing the high traffic ridden roads. In case of accidents, taxi insurance provides different kinds of covers like road damage, car damage, third party damage, passenger injury cover and legal cover. Taxi owners can choose covers that they feel they are most likely to use. Taxi insurance is a safety net for taxis and their drivers. What is the necessity of auto insurance? The answer to this question is the same as for the question regarding necessity of insurance for a private car. In case of taxis, the risk is more pronounced because taxis are more exposed to the risk of accident and damage on the road. Further, passengers cannot be held responsible to pay for damage if they are in the taxi when the accident occurs. The entire monetary burden falls on the shoul...