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Hire and reward van insurance is a legal requirement
Hire and reward van Insurance is required by UK law for anyone who uses their van to transport a third party’s property in exchange for payment for their services. This can include the hauling of furniture, food and even paperwork.
Hire and reward van insurance will give you protection if you use your van for delivering goods in return for a reward or a payment. It is perfect for small van couriers that have multiple drop offs in one day. The goods in transit can be expensive and the driving can be stressful given time constraints. These 2 factors make hire and reward van insurance more expensive than standard van cover. However, we can help you in your journey to find the best quote by providing you with multiple quotes for your van hire and reward service.

We provide all types of courier insurance, including motorcycle courier insurance and food delivery insurance.
What is hire and reward van insurance?
If you make use of your van to courier goods for payment, you need a special type of cover that is called within the insurance industry as hire and reward van insurance. Hire and reward insurance is necessary for a range of services, including taxi drivers, removal companies and delivery services.
This cover will protect the goods that you are couriering should they get damaged or stolen. The cost of hire and reward van insurance will be based on many factors, but one key factor will be the value of the goods that you are responsible for.
What does hire and reward van insurance cover you for?
If you have the correct hire and reward cover you will be financially protected for any legal costs and damage to your van. This will also cover the costs of stock. replacement if necessary. Plus any personal injury claims. Hire and reward insurance will normally include the following cover :
What level of van hire and reward insurance is best?
In accordance with UK law third party coverage is the minimal amount necessary to be legal on the road. Unfortunately the goods in transit are not financially protected with this minimal coverage and the courier could lose their business and be sued if the goods are damaged and the owner not immediately reimbursed.
How can I save money on my Van-Courier Insurance
Your van insurance cost will be a reflection of your risk to the broker, the higher the risk the higher premium. If you have a good driving profile , few claims and no convictions this will like car insurance lower your quote. However, take note the vehicle itself will impact on the costs and if possible choose a van that is reliable with low repair costs/replacement costs. Some examples listed below.
Is it a legal requirement in the UK to have GIT?
What can affect the cost of your annual or monthly insurance premium?
Hire and reward van insurance is more expensive than a standard van insurance policy. This is natural as you are not only insuring your van,but also the goods that are in transit.
Factors that can affect the cost of hire and reward insurance include:
What other types of coverage should I have?
Public Liability
Employee Liability
Courier-van insurance does include what is standard for a vehicle on the roads in the UK in reference to accidents. Because you are transporting third party property, that too needs financial protection. Without this added protection you could find themselves deeply in debt and out of business even if the damaged or lost property is not their fault.
Why compare hire and reward van insurance premiums
Hire and reward van insurance can work out expensive. Whilst it may be expensive, you still do not want to overpay. This is where comparative websites can help save you money. By posting your requirements to multiple brokers you will receive selection of quotes by completing one simple online form. Start comparing the costs now by selecting the quote button