This is simply a fleet policy which caters specifically for taxis, whether public or private hire.
The appropriate carriage of third party persons for hire or reward use is automatically included.
Covers are generally Comprehensive, Third Party Fire & Theft, or just Third Party only.
Driving is generally limited to named individuals although some insurers will also allow blanket driving such as persons of 25 and above etc.
Care should also be taken in relation to repairs i.e. the speed with which repairs are undertake so as to minimise time off the road and to the availability of alternative temporary vehicles acceptable to any licensing authority.