The price of your courier insurance will depend entirely on what you wish to cover within your policy.
As standard, you can expect your Commercial Courier Insurance package to typically include cover for both your vehicle and the goods you carry. Before you apply for your policy, it is worth while taking a look at your courier operation, the vehicle you use and how busy you are likely to be. The key difference between a courier policy and standard a standard vehicle policy is the ability to carry other peoples goods and carry out multi drop offs.
Working similar to a private vehicle insurance, you will be able to choose from Third Party Fire & Theft and Comprehensive Cover.
Third Party Fire & Theft Cover
In the event or an accident, this level of cover will cover damage to the other vehicle where you are at fault. It will also cover your vehicle should it be set fire or stolen. It will not cover your vehicle in the event of a fault claim.
Comprehensive Courier Insurance
This level of cover will cover the above as well as your vehicle in the event of a fault claim, much like your private vehicle. This cover is more thorough but is also slightly more expensive. It is worth considering how reliant you are on your vehicle before ruling this cover level out in a bid to save money.
Once the level of vehicle cover is selected, you need to start looking at the commercial aspects. This will include (but no limited to):
Dependant on what you require will cause your price to fluctuate.
Dependant on what sort of vehicle you use to operate your business will also have an impact on your premium.
Cars are not always cheaper to insure compared to a van as often they hold a higher cost. However, car couriers are often part time workers looking to earn an additional income.
Courier Van Insurance is associated more with full time couriers who’s main income is from parcel delivery. It is however quite often more tailored as the demand on the policy can frequently be more.
An often over looked factor is how many vehicles are you looking to insure. If you are looking to cover just one vehicle, then your policy is likely to be cheaper than covering multiple courier vehicles. Should you be looking to cover more than one van, you may want to consider taking out a Courier Fleet Insurance.
If you are still in doubt, feel free to contact one of our agents who will be happy to help you.