The same as the goods that you move around, courier policies come in all shapes and sizes to suit the different ranges of customer, There are however a few essential features which you absolutely must have.
By making sure a policy fits your needs, you’re business will run a lot smoother and you will be able to easily handle any problems if and when they come up.
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.
Working as a courier your job will involve handling valuable packages on a daily basis, and not having the proper insurance cover could leave you financially liable should these packages be lost or damaged whilst they are in transit.
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.
Regardless of what type of cover that you choose, you are going to have to pay an excess, which is simply the amount of money that you will pay towards any claim for which you are held accountable for. Sometimes increasing this can be used to lower your premium as you are taking more responsibility. Please speak with your broker on this and how it can impact your annual premium.
A courier will deliver all types of goods as part of their work. You will be transporting various parcels, or electronic, even medical supplies. The type and volume of goods that you transport will play a factor in arriving at an insurance premium. Taking the extreme example of a diamond courier not only would you find it hard to find an underwriter to underwrite the risk the premium not be cheap.
Legally, you are required to have some sort of insurance coverage against the risks that you pose to other road users, their vehicles, and their property. There are other types of delivery such as takeaway, taxi, and haulage that pose different sorts of risks and therefore require different types of insurance. Best is to find a policy that can be tailored to your business, make sure are fully covered, and don’t pay more than you need to.