Why starting your taxi business in Liverpool would be beneficial for you

November 30, 2023

Liverpool has become a hub for tourists from all over the world, making taxi services in the Merseyside region a functional and lucrative option. Over the years, both public hire and private hire taxi services have become increasingly popular in Liverpool, making the field highly competitive.

Recent reports show an 11.0% increase in licensed taxi drivers across the country, further emphasizing the growing need for reliable and efficient transportation services. Merseyside taxi companies offer an extensive range of options to choose from, including public and private hire drivers, catering to a range of diverse needs and preferences.

Whether you’re a tourist visiting the city or a local looking to commute, these taxi services provide a convenient and hassle-free way to travel around the city and reach your desired destination on time. The flexibility of choosing between public or private hire drivers, adds to the convenience of the service, with private hire taxis offering more personalised and exclusive services.

If you’re considering starting a taxi business in Merseyside, the potential for growth and success is undoubtedly present due to the rising demand for taxi services. With a thriving tourist industry and an ever-growing community, the need for reliable and affordable transportation in Liverpool has only increased.

While there are many Hackney carriages or Public Hire Taxis located and operating in Liverpool City Centre, for a customer, these taxis may be harder to hail in towns like Southport, St Helens, Huyton, Kirkby, Maghull and other towns across the Merseyside region. Therefore opting for a Private Hire Taxi business outside of the city centre may be beneficial.

Insurance for your Liverpool Taxi Business

Whilst starting a new business can be challenging, finding the right insurance policy for you, is essential to the smooth running of operations of your taxi business.

Taxi Insurance is vital since taxi drivers are in a position of responsibility not only to themselves and their own safety but to that of their passengers. Without insurance, cabs are not covered should something happen to their vehicle, meaning that both them and their passengers are endangered, both in monetary and safety terms.