skippy41 wrote:
We could start TDO insurance at £500 a vehicle
But aren't there only something like 3 insurance companies for taxis (Lloyds, Trident etc.) that all the brokers use ?
Doesn't matter which broker you use the actual insurance is always through one of those three companies, the price difference is down to the brokers commision.
If TDO set up its own insurance it would be as a broker and would still have to use the same principal insurers as all the other brokers so the price would be roughly the same, or set itself up as a main broker for which they need many £millions in bonds/reserves.
If TDO was a broker it would probably be cheaper as the commision would be lower or zero though.
