subject: Courier Insurance Choose Wisely [print this page] In the United Kingdom people spend a hefty amount of money on getting an insurance cover. Insurance is when you transfer your risks of incurring a particular uncertain loss to an insurance company. In turn you pay a specified amount of premium to the relevant company. The amount of premium that must be paid depends primarily on the amount of risk that the company is going to cover on your behalf. You as the insured or policy holder have the option to choose from a wide array of insurances provided by the insurer in the United Kingdom.
Finding a diverse set of insurances would not be surprising in the United Kingdom. The most common insurances are motor insurance, travel insurance, life insurance, home insurance, health insurance, pet insurance and commercial insurance. One of the most important insurance covers is courier insurance. This type of insurance is also known as Van insurance, and is mandatory for companies who are involved with transporting other people's goods. In short, whether you are the owner of a courier company or simply a self-employed courier, having this insurance is a legal requirement in the United Kingdom and must be abided by everyone and breaches of which are considered punishable offences.
Choosing the right courier insurance can be a tiresome experience, especially when you are unfamiliar or new in the courier business. A courier business needs an insurance that covers both the courier and the vehicle used for the purpose of transporting the goods. Although it is not compulsory for you to get both of them from the same insurer, doing so would be beneficial for you, as you may easily keep track of the premiums that you need to pay. This ultimately means lower maintenance costs and quick payment of premiums. Moreover, if you are dealing with the same company for a long period of time, then you may enjoy some loyalty discounts or flexible payment options from them.
Typically it costs somewhere between GBP 1,500 and GBP 2,500 to get a van insurance for someone over 25 years of age. Drivers who are younger than 25 years may find it difficult to get one of these insurances. They need to talk to the concerned insurance company for further queries. Courier van insurances are usually costlier as the commercial vehicles are larger than the ones used for non-commercial purposes. However, the presence of fierce competition amongst the numerous insurance companies may help you find some good bargains. Even if you represent a new courier company, you can still successfully find a cheap insurance.
Courier insurances are issued for different time frames, some are for the long-term while some are for shorter periods of time. For your convenience, some insurance companies also provide this insurance for a period of three months only. However, this option is only given by some insurance companies. You will also be able to find online quotes from different company websites and compare them easily. For further information contact the insurance company or just search online.
by: Neil Anderson
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