Self Employed losses after Road Traffic Accident

DUTR

Drive4it said:

Hi all.
To keep it short, I'm a self employed taxi driver.  Back in Feb 2020 I was involved in a RTA.
The other driver accepted responsibility which I have written proof inc insurance and police proof. 
Now, loss of earnings over 10 days whilst I had no vehicle was contract work I had to get covered by other taxi companies which i have full proof of bookings and also the invoices from those that covered my work.
Her insurer has said they want proof of previous years books and will settle on that figure by dividing profit by 365 days, then multiply by 10 days. This figure is almost non profitable due to other costs of business through the year, plus my work is seasonal so when the accident happened was in my peak period. Please can someone advise as her insurer and the claims specialist they use wont back down. On another note my insurer are terrible in regards to service 

Thanks all

I'm not sure why you do not feel this is fair and it tallies with what the HRMC records show, nobody wants to cast doubt, so the HRMC figure would be the valid one to use.

KimJongUn88

DUTR said:

Herzlos said:

I'm curious (and appreciate this isn't helpful now), but why didn't you hire a replacement taxi to use and claim that cost back? It'd be a lot more easily quantifiable.

It's the vehicle itself that is licensed and it's not transferable.

You can hire a plated private hire vehicle from specialist accident management firms. 

DUTR

KimJongUn88 said:

DUTR said:

Herzlos said:

I'm curious (and appreciate this isn't helpful now), but why didn't you hire a replacement taxi to use and claim that cost back? It'd be a lot more easily quantifiable.

It's the vehicle itself that is licensed and it's not transferable.

You can hire a plated private hire vehicle from specialist accident management firms. 

The local authority have the say, I don't think the turnaround is 10 days.

KimJongUn88

There are a plethora of credit hire firms with fleets of vehicles that are already plated and ready to be hired at short notice. This company say they can get you a vehicle within 3 hours. There are many others.

http://www.carcalluk.com/Replacement-Taxi-Credit-Hire/

dacouch

The joys of quantifying your losses with a cash in hand business

Drive4it

Thanks all for your comments 
Correct, a hire vehicle through the insurer was eventually sorted after it had to be tested and licensed as a taxi, hence the amount of days.
Yes, I do operate my business 365 days a year.
Can I go through small claims directly against the third party on the work I lost? It's all on genuine emails from my clients (professional sporting bodies)

The_Rainmaker

Yoyu can send a claim to the third party but they will just forward it to their insurer.