Virginia law requires operators of bona fide taxicab services to carry insurance, unless they are self-insured under local ordinances or have a certificate of self-insurance. The law specifies minimum coverage limits for uninsured and underinsured motorist protection, which can be supplemented by additional coverage if desired. Self-insurers must provide specific protection limits against bodily injury, death, and property damage.
Any operator performing bona fide taxicab services in Virginia must carry insurance unless they are self-insured under local ordinances or have a certificate of self-insurance.
The minimum limits are $25,000 for bodily injury or death of one person, $50,000 for two or more persons, and $20,000 for property damage per accident.
Yes, self-insured operators can purchase or provide uninsured or underinsured motorist coverage in amounts greater than the minimum required.
Failure to carry the required insurance can result in legal penalties, fines, or suspension of operating privileges under Virginia law.