We know that as Couriers the backbone of your business is your mobility. In order to deliver and carry goods you need to be insured and know that you have all your avenues covered in case of a worst case scenario incident. It would be much better to know that whatever the case, your insurer is able to cover you, and you’re not left having to front the cost out on your own.
Still, equally as nice is knowing that you have the cheapest possible premium and that you are saving precious pennies rather than needlessly splashing cash on your policy.
Still, this does not mean that you should cut corners on your policy. It is essential that you understand courier insurance, that way you know what cover is most suitable for you, and what cover you may not need.
There are typically three types of insurance policy that couriers will need before being able to take to the road.
The first type of insurance you will need to look into is vehicle insurance. This will vary dependant on what vehicle you are planning on using. For a car or a Van, standard vehicle cover will typically be relevant and suitable.
Also, it is important to note that when looking into your cover, you may want to take into account the extra features, such as glass cover, protected no claims bonus and variable excess. These may make your premium increase, but are handy to have as they can save the day if something goes wrong.
As a courier, you will need Goods in Transit insurance (GIT). This is an insurance that will cover the good/s that you are carrying and transporting in your vehicle for a third party. This type of insurance will cover you for any damaged or lost goods.
It is important to note however that Goods in Transit insurance does not always cover every type of goods. Typically, insurers will be hesitant, or unable to insure hazardous goods or livestock because of the increased risk that these pose. In that scenario it may be wise to search for specialist insurers that will cover such areas.
Finally, let’s talk about public liability insurance. This type of cover is required due to the nature of being a courier. Being a courier will see you being in contact with the public, thus you must be covered from all the risks that may be involved with public dealings such as injury to the public due to a falling package or loose goods causing potential harm.
Whatever the insurance you need, it is essential that you are well informed and shop about to make sure you get the right cover at the right prices. Do not accept the first quotation you are given, instead make sure you check with other brokers to see if they can be competitive with your premium.
Here at Riscx compare we do all the hard work for you, we collect your details and filter through are vast network of brokers to source the best possible insurance quotations for your courier service. We make sure that you have access to competitive prices without cutting corners on policy details.
Find cheap courier insurance with Riscx Insurance.