In an era when couriers are ever more important to the economy and how businesses and consumers expect supplies and goods to be delivered, ensuring that all eventualities are covered by insurance policies is crucial.
Although courier insurance comes in all sizes, there are some essentials regardless of the scope of your company.
Whether you operate a fleet of vans or customers are seeking a man and van service, you must ensure that you are covered for all eventualities and legal requirements.
Insurance is a major outlay, and so it is important that you make sure you have adequate cover and also that you are not paying for elements of the policy which you do not need. There are, however, some essentials that you must consider. Whether you are a large company, sub-contractor or a single operator there are key policy elements.
Vehicle Insurance
Vehicles are essential for the service provided by couriers, and standard cover is inadequate if you are operating the vehicle within your business. Talk to your provider to ensure you have adequate cover. Always check exclusion clauses that may affect any claim you may make as well as excess payments.
Public Liability
Your courier business will mean contact with the general public, and so the appropriate insurance is vital. This kind of product will cover you against causing accidental injury or damage to a person’s property. An explanation of this kind of liability can be found at the Association of British Insurers’ website.
Goods in Transit
This element of the policy covers the goods you are transporting and means you will not suffer any loss if items in the vehicle are damaged during delivery. You may carry a variety of goods, and exemptions can apply with some general policies – livestock and hazardous goods are examples. It is vital to ensure that you have the correct cover for the goods you deliver. You will also want to ensure that you are taking all the health and safety precautions needed and when looking to have large quantities of products delivered that you use a used pallet racking Ireland company to purchase pallets to secure your products to for delivery.
Other than the above, there are other issues which may need to be addressed. Employers’ liability insurance is required if you employ staff. If you are a sub-contractor, those working in your organisation may be self-employed, so check contract details.
Take time to check your insurance details.
