subject: The Need For Courier Insurance [print this page] Courier services are always in demand and if you own a single or a fleet of courier vehicles you ought to opt for courier insurance to protect your business. There are several types of courier insurance available so it isn't hard to find one that suits your requirements. In addition, most insurance companies offer tailor made policies with flexible payment options that are easy on your pocket.
Each company has its own set of terms and conditions; therefore, it is essential to speak to several insurance companies prior to signing on the dotted line. Vehicles that are under lease are also eligible for certain types of courier insurance until the terms and conditions of the lease are met.
Age is an important factor when it comes to courier insurance. Drivers are usually required to be over 25. However, some insurance companies are flexible on this issue and you will need to ensure that you could include any drivers below 25 before you opt for a suitable policy. In order to keep premiums low, some insurance companies offer the transfer of 'no claims' bonuses from private car policies to courier insurance policies. Check with each insurance company if you are eligible for a 'no claim' bonus. While many flexible payment options are available it is prudent to choose the maximum cover possible in order to protect your courier business from any potential financial losses.
Goods in transit insurance ought to be included in a courier insurance policy. Moreover, many customers will insist that you have a goods in transit insurance policy prior to entrusting you with their goods or they might refuse your services. In addition, you will need to have adequate public liability insurance.
Therefore, it is essential to consult your insurance advisor to find the best possible cover at the lowest price. Often, fleet insurance can include courier insurance and lead to great savings on your premiums. In addition, it will save you time and eliminates the need to handle numerous individual policies that need renewal every year.
It is important to understand that courier insurance is unlike normal vehicle insurance and is especially designed for those go to several drop-off locations every day. Most policies typically include Hire and Reward cover or Haulage cover. Haulage cover protects the goods that you carry to several drop off locations. Many courier companies include every kind of vehicle from bicycles to huge trailers in their fleet. In this case it may be prudent to opt for a comprehensive policy like fleet insurance in order to procure the maximum liability protection.
Whatever the size of your courier business is, the value of this insurance will depend on the types of vehicles you own and their size. Most importantly you have to make sure you are well covered for loss or damage from accidents, theft, weather, collision, or any other unforeseen event. Depending on the complexity of your business, it is advisable to seek the advice of a professional insurance broker who will be in a better position to help you obtain the best possible courier insurance policy at an affordable price.
by: Neil Anderson
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