Different Types of Insurance for Courier Vehicles
By Paul Headley
Whether you own a single or several courier vehicles in you business, different types of courier insurance are available to meet your needs.
Owner drivers can also be covered with policies which are tailored by the insurance company to meet your individual requirements.
Vehicles which are under a lease agreement can be offered suitable insurance to ensure the terms and conditions of the lease are fully met.
There are various different insurance options to cover all types of courier vehicles and businesses. Each insurance company has its own terms, conditions and criteria when it comes to courier insurance, as such it is best to speak with several insurers before committing to a courier insurance policy.
Most courier insurance has an age restriction for drivers. Generally insurers require drivers to be 25 years old and over. Drivers under this age can also be legible for insurance cover, however it will be necessary to speak with the insurance company and ask them to include on the policy. Some insurers also have an upper age limit for drivers, again speak with the insurers who will tailor insurance to meet your needs.
No claims discounts earned on non-courier vehicles can sometimes be transfer no claims bonuses from private car policies, although automatic transfer is not guaranteed and the discounts offered may not be as high.
Flexible payment options are available from most courier insurance companies to help spread the cost of the premiums.
Short term courier insurance is also offered by some insurers, who will arrange policies for three months only. There are huge variations is this type of cover between insurers. If short term cover is what you are after speak with the insurers to discuss whether this option is available.
Some courier insurance does not automatically come with Goods In Transit cover. If you require to have Goods In Transit cover this can be arranged to suit your business needs.
Goods In Transit insurance is available for goods which you are carrying for someone else and receiving payment or reward or if you carry your own goods which need to be insured. Many customers will require you to have suitable Goods In Transit insurance and may refuse to you use your courier services unless this is in place.
Many customers will also require you to have appropriate Public Liability insurance as well as Goods In Transit. There are different levels of each type of additional insurance, therefore it is advisable to speak with the insurers who will arrange for these to be included in the policy.
Owners of several courier vehicles may find it far more cost effective to have a fleet courier insurance. Fleet insurance can not only offer you savings on your courier insurance, it can also save you the time and worry of having numerous individual policies to remember to renew each year.
Different types of fleet courier insurance is widely available. For those who operate different types of vehicles, such as vans, cars, motor bikes and dispatch riders these can usually be included on a mixed fleet policy. Speak with the insurers to find out whether fleet courier insurance will suit your business needs more effectively than individual policies.
About The Author
Paul Headley is a specialist insurance article writer. Courier Insurance is available from Staveley Head at http://www.staveleyhead.co.uk/courier/