Choosing an Office for a Mini Cab Firm

May 26, 2017   Business Property, Featured Articles

Running a minicab firm comes with many challenges. In addition to keeping your business competitive and dealing with customer and driver issues, you must also make sure you have a good location for your head office.

Some of the key things questions to ask yourself when choosing an office for a mini cab firm are –

  • Is there enough space? – Space is always going to be important when choosing a mini cab office. You want to be sure that there’s enough space and light for your operation to be run from it without any problems.
  • Is it in a good location? – Location is another key factor. Since you’ll need to communicate with your drivers while they’re on the road, the office should be located on high ground, or at least not in a dip.
  • Can I afford it? – Knowing that you’ll be able to afford the rent is another key consideration. Depending on how established your company is, you might decide to invest in the premises, especially if you’re sure you’re happy with it.

Keeping your insurance costs down

A big part of running a successful mini cab firm is to keep the cost of your mini cab insurance to a minimum. Below are some of the best ways to do this –

  • Be selective with who you hire – The drivers you hire to work for you will always affect the cost of your mini cab insurance. This is why most mini cab firms will not hire drivers who are under the age of 25. Age isn’t the only factor though. You also want to consider the experience and attitude of any drivers you hire. Insurance providers will assess your drivers and consider how likely they are to be involved in an accident when coming up with a price for your policy so always bear this in mind.
  • Get quotes from different providers – Getting quotes from different insurance providers will enable you to easily compare them and choose the policy that’s right for your business and at the most competitive price.
  • Pay upfront – Most firms will choose to pay for the mini cab insurance on a monthly basis so there’s no major upfront payment. Although this makes sense, if you can pay for your policy in one lump sum, you’ll be able to negotiate a better rate with insurance providers.