Important Insurance Considerations For Couriers
There are a wide number of considerations that must be taken by couriers when they are looking to purchase their insurance policy
. The first consideration is to ensure you purchase the correct policy. Many couriers are often unsure of which insurance policy they should be looking to purchase for their courier business. Many couriers often end up purchasing haulage or freight insurance policies or even a simple van insurance policy believing that they will be adequately covered for any potential accidents or other issues that may arise.However specialised courier insurance is required as the policies take into consideration the multi-drop nature of a courier service. Although courier insurance is similar to that of haulage insurance, as it will cover your vehicle and transportation of goods for hire or reward, it needs to be specialised to the multi-drop environment of a courier. It is essential that the correct insurance policy is taken out; otherwise a potential claim for any loss or damage may be invalidated.
The second consideration is the type of courier insurance policy you should take out. Like standard car insurance policies, courier insurance policies can also be taken out in the traditional methods of comprehensive, third party with fire and theft, and third party only. With all insurance policies likely to carry an excess and the type of service a courier provides it is highly recommended to have a comprehensive policy to ensure you are adequately covered for any situation that may arise.
The third consideration is speaking to your potential insurers about the type of courier operation you run, as insurance packages can be tailored directly to your business needs. Whether the insurance is needed for a single named driver, a number of potential drivers, or even anyone to drive a courier insurance policy can be tailored to all considerations of drivers, even young drivers if that is required, however most courier policies are created for any drivers over the age of twenty five. Normal courier insurance policies will usually cover drivers that have held a UK driving licence for at least two years, however cover can also often be arrange for European licence holders or international driving licence holders.
The fourth and final consideration for courier insurance is that of goods in transit. Whilst many couriers believe that a courier insurance policy will cover their goods they would be wrong. In order to ensure your courier operation is completely covered you would also need a goods in transit policy. Whilst it can be expensive to have both forms of insurance, good insurers will be able to cover you both policies combined at a discounted rate, so ensure you enquire about potential discounts for goods in transit when you receive a quote for your courier insurance policy.
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