Tailored courier insurance policies
The same as the goods that you move around, courier insurance policies come in all shapes and sizes to suit the different ranges of customer. Each business will have unique features maybe they transport dangerous or mega expensive goods. In these extreme cases a standard courier policy would not be sufficient in terms of cover. The premium amount will be much higher to reflect that added risk taken by the underwriter. Indeed, you may even find it impossible to get insurance if you are deemed too high a risk.
The reverse is also true, maybe you need food delivery insurance ,in which case the premium increase will be much lower than for delivering precious items
Your standard vehicle policy may provide limited cover
In the UK you must have the correct motor insurance in order to drive your vehicle on the UK roads. When you work as a courier then you will need cover classed as 'carriage of goods' also referred to as GIT insurance.
Standard car insurance can sometimes provide a very limited cover for couriers, but is not really adequate for a full time business. However, do check your with your insurance provider to see what way you are currently covered if you decide to provide a delivery of goods service.
Higher excess than standard car cover to reflect added risk
Very much like normal car insurance, courier insurance falls into three main types of cover which are third party only, third party fire and theft, and fully comprehensive. Each category will come with an excess similar to standard car insurance. The difference with courier insurance is that the excess can be very much higher. If necessary, you could consider taking a out a separate policy to cover the excess. A better approach is to focus on improving driving standards and thus lower your risks.
It is a legal requirement to have car insurance. You should not assume that your standard car insurance will cover you for operating a courier service. You will need to contact your broker to advise them of any change of use. In turn, they will change the policy to include business use, but the premium will be increased
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