If you are searching for cheap courier insurance whether it is bike, motorbike, car or van courier insurance there are several things you need to consider before signing with your existing provider or a new courier insurance brokers. These are a few of the questions you may want to ask your provider to ensure you are getting the best deal and you have everything covered that is legally required to be.
Do I need courier insurance, or is my vehicle insured with a business use extension on my policy?
If you have existing business insurance on company vehicles you may not need an entirely new courier company insurance policy. Business use extensions are available from some insurance providers, which makes your policy less complicated. However we would usually advise for a courier insurer business that a new policy is taken out to ensure everything that needs to be covered is.
What goods am I allowed to carry in my vehicle to be covered on my policy?
A standard policy will include packages, envelopes, parcels and pallets. It is important to remember that many policies will exclude you from couriering certain types of goods. Check with the provider if there are any exclusions and as long as you know you will not be transporting such goods, insurance with exclusions will be less costly. However if there is a chance of you delivering goods such as livestock, liquids, hazardous materials etc. you will need an extended policy.
Do I need goods in transit cover and how much?
In most cases couriers will require goods in transit cover to protect the goods being delivered from damage, loss or theft. This is especially important when you are transporting expensive goods such as electronics but make sure your policy fully covers you for such items because they may consider them as desirable for theft. If this is the case you may only get insured for half the worth of the goods so taking out additional GIT cover again may be recommended. GIT is not required by law so you can courier items without it but you are responsible if anything were to happen for these. If you want to bid for work for larger companies you are unlikely to get any jobs without GIT cover.
Do you need cover per item or per vehicle?
Speak to your policy holder about the best option for you. If you are a single courier you will need insurance per vehicle. For larger companies fleet insurance will more than likely be the cheaper and more straightforward option. You do not usually need cover per item unless again they are excluded or expensive goods. If you are doing a one off delivery of one item it may be best to take insurance out just on that one item for the day it is being moved especially for house moves. You can do this by getting cheap courier insurance for vans just for the day you need it for which can be a cost effective method.
Does the price vary on the value of the items?
When you obtain a quote you will more than likely be asked what type of goods you will be transporting. Higher value and more risky delivery goods will obviously come at a cost. For example if you want van insurance for courier driver’s couriering hazardous material you have a higher public and employee liability, which will in turn be more costly.
Insurance for courier services can be complicated but if you get the right advice, shop around and compare courier insurance policies and prices from insurance brokers you will be able to get the best deal. If you get a range of bike/car/motorbike/van courier insurance quotes from brokers and online and ensure you meet all the legal requirements you should get good insurance at a reasonable price.