What does courier insurance cover?

WHAT IS COURIER INSURANCE?

If your business requires you to move goods for customers, it is essential that you’re legally covered on the road to keep your business moving. Obtaining the right courier insurance cover is dependent on the type of operation that you’re working in.

WHAT IS COURIER INSURANCE?

Courier insurance covers a person (s) to safely deliver goods to multiple drop off points on behalf of clients. This could also include cover for goods in transit against loss, damage or theft.

WHAT LEVELS OF COVER ARE AVAILABLE?

It’s important to consider that couriers spend most of their time on the road which increases their chances of being involved in an accident or suffering loss.
There can be a choice of up to three levels of cover:

• Third party only (TPO) – is the minimum cover required by law. This will cover third party liabilities in the event of an accident
• Third party fire & theft (TPFT) – is the same as TPO but also fire and theft of your vehicle
• Comprehensive – provides the same as TPFT but also covers you and your vehicle.

WHAT DO YOU NEED YOUR POLICY TO INCLUDE?

Different courier businesses have different insurance requirements for their drivers. It’s always best to double-check what cover you need to have as there will be certain insurances that you will be required to have by law. Here is what to consider when choosing your policy:

• Whether you need the policy to be in either your name or your company’s.
• If you want to have your no claims bonus/discount protected or non-protected.
• The number of vehicles you wish to insure.
• Do you have 5+ vehicles? Then you might want to consider fleet insurance.

DO YOU REQUIRE ADDITIONAL COVER?

Depending on the type of courier business you work in, you might need greater protection. You may wish to consider additional cover to give you greater peace of mind. This can include:

• Excess protection can cover you against the cost of your excess if you’re involved in an incident.
• Public liability insurance covers you for any compensation you may have to pay as a result of your legal liabilities e.g. death or bodily injury to a TP/damage to TP property.
• Employer’s liability is a legal requirement for some businesses. You may be required to offer protection against the cost of compensation claims arising from employee illness or injury which could happen whilst working for you (the insured).
• Goods in transit is the perfect protection for couriers against loss, damage or theft.
• Breakdown cover to prevent you from being stuck at the roadside and to get you back on the move.

DO YOU REQUIRE A COURIER INSURANCE QUOTE?

If you’re looking for a quote please contact our dedicated and experienced courier insurance team on 0800 0815 026, alternatively, we can provide you with a quote online.