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Motor Trade Road Risks, Courier Insurance, Commercial Vehicle:
Assumptions

Our online quotation will be based on the following assumptions:

  • You are a FULL TIME courier
  • Your business is based and operates solely in the UK
  • All named drivers have a full UK driving licence
  • All named drivers are between 25 and 70 years of age and have been resident in the UK for at least 5 years
  • The vehicle is not used to carry dangerous goods or visit dangerous premises (airside, nuclear installations etc)
  • The vehicle is not Q-plated, imported or Left Hand Drive
  • The vehicle has manufacturers standard security
Assumptions

Our online quotation will be based on the following assumptions:

  • Your business is based and operates solely in the UK
  • All named drivers are full time private or public hire taxi drivers and the vehicle is used predominantly for that purpose
  • All named drivers are between 25 and 69 years of age and have been resident in the UK for at least the last 5 years
  • All named drivers have a valid full UK driving licence and have held a taxi licence for at least 12 months
  • The vehicle is valued less than £40k
  • The vehicle is not Q-plated, imported or Left Hand Drive
  • The vehicle has manufacturer’s standard security
Courier Insurance

Switch your courier insurance to ChoiceQuote today and save money today!

Looking for courier insurance? Simply complete the form below and our Courier Team will call you back to discuss your requirements.

  • Very competitive rates
  • Quick quotations and instant cover
  • Instalments available
  • Good discounts for ex-courier fleet drivers
  •  Cover for courier fleets also available

Guide to Courier Insurance Section 3: What Insurance Do Couriers Need?

Not having the correct insurance can have serious consequences for your business, with just one random road accident ruining your reputation or even your company as a whole.

 

ChoiceQuote can help you avoid this by making sure you have the right insurance to cover your exact requirements. Firstly, you need to get the basics covered:

 

#1: Vehicle Insurance

 

Whether you own a company – and therefore the vehicles your team use – or you are using your own vehicle for courier work, you need to insure the key mode of transport used when undertaking courier work.

 

Vans, cars, bikes, motorbikes and even lorries – if you are transporting large items – are all eligible for courier business insurance. Obtaining the relevant cover is essential to protect you, the driver, the vehicle – from an accident, theft or fire – and the business.

 

The vehicle insurance must also cover the respective potential liability of the driver, or primary driver – since cars, vans and motorcycles will be shared at small and medium-sized firms – which depends on a range of factors, including age, experience, the number of points on driving licences, number of years without any claim and whether the vehicle has been fitted with a telematic system.

 

Telematics devices are often fitted to courier vehicles, along with dashboard cameras, which does help influence the cost of insurance, since these track the distances covered and, in the event of an accident, are invaluable to understanding who is responsible.

 

Insurance companies tend to look favourably on private drivers and business owners who fit their vehicles with telematic systems, which means they are potentially eligible for lower premiums. This is also the case when a courier firm employs drivers under the age of 21 or 25 since these are normally considered higher risk, so anything that can be done to reduce that risk is weighed favourably when providing quotes.

 

#2: Goods In Transit Insurance

 

Although not always essential, anyone in the courier business would be wise to consider the benefits of Goods in Transit cover.

 

Businesses are sending more goods than ever through courier services, delivery companies and self-employed couriers, making this a great time to be in the industry. But you need to make sure the goods they are entrusted with are fully protected.

 

It is far too easy for goods and products on the way to customers to get damaged, go missing, or even get stolen whilst in transit, and it happens far too often. Don’t leave yourself vulnerable to civil proceedings and covering the cost of replacing the lost or damaged items; plus the potential loss of a key customer.

 

Don’t take the risk. Moving goods without the right insurance means leaving your company vulnerable without the means to cover the value of the goods you carry or being forced to pay for them out-of-pocket. Keep your clients happy, with comprehensive cover to ensure you – and they – are protected against unexpected eventualities, which could happen to any courier, at any time.

 

#3: Liability Insurance

 

Unlike courier vehicle insurance – which covers everything from bikes to lorries – and goods in transit insurance, liability insurance protects the courier from any interactions with the general public where accidents occur, protecting them from claims, in the unfortunate event of anything happening whilst out and about doing deliveries.

 

A range of options exists for those considering liability insurance, which depends on your employment status. Any company that employs staff needs Employers’ Liability Insurance, whereas those who are self-employed would be sensible to consider Public Liability Insurance. Public Liability Insurance plus Professional Indemnity Insurance, is another option.

 

The benefits of public liability and employer’s liability can be combined in a product designed specifically to cover the risks of working as an employed courier: Courier Liability Insurance.

 

Courier liability insurance can be broken down into public and employers’ liability insurance. It aims to cover you in the instance that something happens to a member of the public, their property or a member of staff as a result of your work, and they make a claim.

 

All couriers will require public liability insurance because if you are on the road making deliveries, then you will undoubtedly encounter members of the public. Accidents happen – even to the best of us – and when you least expect it. Anyone who deals with the public on a regular basis, and operates in public spaces – which couriers do – should consider this cover. This insurance covers you if you were to harm a member of the public or their property with the goods or the vehicle and they were to make a claim against you.

 

Large courier companies also require employers’ liability insurance, as any company that has one or more employees requires £5 million worth of employers’ liability insurance by law.

 

However, if you are working for yourself and use the courier exchange system to deliver goods, you will not require employers’ liability insurance, unless you are a registered director of your own company and pay your own salary through PAYE, instead of exclusively through dividends. It might be worth speaking to an accountant too, if you aren’t sure of the various tax benefits of paying yourself in part, or fully, through Pay As You Earn (PAYE).

 

#4: Fleet Insurance

 

Owners of companies who manage a fleet of vehicles should consider the cost-benefits – and huge time savings – of fleet insurance.

 

Fleet Insurance can cover an extensive range of vehicles and commercial uses, including couriers  – whether you manage a fleet of cars, bikes or vans. Combining vehicle cover into a single policy simplifies the management of insurance cover, and can potentially save you a good amount of money, compared to keeping vehicles on individual policies.

 

You also benefit by spending less time on vehicle admin, and more time maximising the profit you make from ensuring each vehicle is on the road delivering goods as much as possible.

 

Now, we know this sounds like couriers need a lot of insurance (which you might worry could end up costing a small fortune) but don’t panic: At ChoiceQuote, we can cover you for Vehicles, Goods and Liability insurance without it costing a fortune. When it comes to calculating the cost, everything depends on a wide range of factors, including employment status, driving experience, the goods you are carrying and the amount of cover you want and need.

 

In the following sections of this Guide we explore all of this in more detail and outline ways couriers can get the right cover for them without it costing a fortune.

Section 4:  What Influences the Cost of Courier Insurance?

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