The reason to have a courier insurance policy is to financially protect the business if the courier vehicle is involved in an accident, the items being transports are damages, lost or stolen while in route to the final destination or if an unforeseen incident occurs.
This is for both business that transport good and packages for a fee and non-profit organizations that transport goods and packages.
Drivers at or above the age of 25.
To cover drivers with claims, accidents or motor vehicle collisions on their record.
Coverage for goods being transported.
Breakdown coverage for retrieval of the vehicle.
For 5 or more vehicles operating for the business, Fleet insurance is an option that should be looked at.
Large vans or trucks over 3.5 tonnes.
All of the above considerations must be thought about in what is to be covered and for how much. This will protect the business financially along with the reputation of the owner. It will also make it easier to choose on the most cost effect courier insurance with the right amount of coverage for the budget and business itself.
Courier vehicles have with them packages and goods that are targeted by thieves.
The thieves can be unknown person or those in the employment of the courier business.
Theft is a high possibility of occurring when items of high value are being transported.
The most vulnerable time for the packages to be stolen are when a delivering is being made and the vehicle is unmanned.
The cost of covering courier vehicle is higher because they are on the road more often, going to more places in more directions than other types of motor vehicles.
With this increase presence on the motorways, the chances of being involved in an accident are significantly increased.
Courier vehicles are classified as high risk.
They operate on deadlines which can cause a driver to take more risks in driving than would occur under normal conditions.
It is not illegal to transport goods and packages without courier service, but it is highly advisable. Regular motor vehicle insurance coverage only insures the exterior of vehicles and standard equipment on the interior of a vehicle. Extra items that are lost, stolen or damaged in transporting them are not covered under regular insurance policies and a business would have to pay for their replacement in full.