The last 12 months has seen the hire vehicle insurance sector experience some huge changes with far reaching implications for the industry.

This has included:
• hugely increased premiums
• the sector shrinking as insurers exit
• pressure on claims costs from claims farming.
• an increase in fraudulent claims

Many insurers have already decided to leave the market with NIG, HSBC
and Jubilee now closed for business. Hot on their heels there are many
other insurers considering whether they should continue to write taxi
insurance and to what capacity.

TFP Schemes are very much ‘Open for Business’ and are now stronger
than ever with significant investment in our IT solutions backed up by a
proactive recruitment policy to support our exciting growth strategy.