As e-commerce dominates UK shopping habits, the courier industry is booming. The average consumer has very high standards and expectations, so it is crucial that courier companies are appropriately insured to protect themselves and satisfy their customers.
There are three types of insurance no courier should be without, so let’s take a look at them:
1. Vehicle insurance
It is illegal to drive an uninsured vehicle in the UK, so couriers must ensure their vehicle is appropriately insured with business cover.
It is vital to declare that you are a courier and will be using the vehicle for the purpose of collecting and delivering packages. Failure to disclose this business use could render your insurance void in the event of an accident.
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Goods in transit insurance
To safeguard your reputation and financial viability, you must provide adequate insurance for the goods you transport. Goods in transit cover will ensure you won’t be out of pocket should an item in your care be lost, stolen or damaged.
Many businesses will not hire a same day courier Milton Keynes that cannot provide goods in transit cover for their items, so failing to take out this insurance could cost you business.
3. Public liability insurance
As you will spend a lot of time on the public highway and regularly stop to deliver or collect parcels, you are at increased risk of having an accident. If you accidentally damage private property or injure someone, they could claim compensation from you.
Public liability insurance protects you from being financially liable for the cost of these claims and is often recommended as an add-on when taking out vehicle insurance. Alternatively, a bespoke insurance package can be tailored for you by an employer’s liability insurance provider.
As a courier, your reputation rides along with every consignment. Established courier companies such as All About Freight maintain their reputation by committing themselves to delivering outstanding customer service and safe, on-time deliveries.
They also take out the insurance packages that are necessary to operate legally and to protect themselves and their clients.