Introduction to Courier Van Insurance
A courier van insurance is a specialized policy designed to cover for anyone who is driving a courier van and earns a living by regularly delivering to customers. Courier companies sometimes hire the third party or outsourced van services if their existing fleet is small or is unable to handle the deliveries. Most companies outsource their courier deliveries to third party companies and do not maintain their fleet at all. However, any courier van running on the road needs protection against accidents and other mishaps. This is where a courier van insurance comes in handy by providing coverage and protection against any accidental situation. Other products provide premium services like goods in transit or liability for employers.
Importance of Courier Van Insurance
Courier van insurance is important for anyone earning a living by carrying or delivering goods for hire and rewards, or they make multiple trips a day for deliveries. These goods do not necessarily include personally owned goods but also trusted by others for deliveries or drop-off safely. Depending on the requirements, companies like Courier Insurance provide policies that give comprehensive coverage, good transit cover, employer liability, fire or theft coverage, and third party only coverage.
Levels of Coverage
The coverage of courier van insurance offers fall under the same category as any other van insurance and has comprehensive, third party coverage options. With such a policy, you have two levels of your business that you can cover.
Goods in Transit: This policy coverage helps in offering coverage for goods in transit and excluding the vehicle. I cover for any loss, damage or theft for the goods in transit.
Employer Liability: Employer liability options available for business that want to hire employees for their business and cover against any injury or illness during the course of their employment.
Benefits of Courier Van Insurance
· Benefit 1: You Only Pay a Single Company
If you decide to go for a courier van insurance policy, the main benefit that you will receive is that you have to pay only a single company. Instead of paying multiple companies for vans and insurance separately, you only need to pay a single company so they can easily cover for the whole fleet. This makes the fleet management easy on you and saves time also.
· Benefit 2: Helps Fixing Insurance Costs
Another benefit that courier van insurance policy provides is the fixing of insurance costs. With most insurance policies, the price tends to go higher every year. Whenever you opt for this insurance policy, you get a fixed cost policy plan which will not go up in lieu of price. This is advantageous as long as you have the policy and saves you quite a good amount of money.
· Benefit 3: Providing Flexible Options For Payment
Companies like Courier Insurance provide flexible payment options for the courier van insurance policies. Many companies also provide a monthly upfront deposit that provides an advantage to small courier companies. In case you have a small business and have outsourced your delivery service to the third party, your policy will cover for your good in transit and may also incur special deal from the insurer. This makes life for a business owner easy and may also provide them with a suitable deal.
· Benefit 4: Coverage Against Loss or Damage
An obvious benefit of a courier van insurance is to provide coverage against loss or damages. If you own a fleet of vehicles, then the policy will cover for your vehicles as well as the goods. In the case of having an outsourced delivery service, the policy will help cover for the goods in transit. Either way, the business will get the advantage of having coverage against any potential loss, damage or theft.
A courier van insurance is a beneficial option for any courier company or service providers as they can ensure their vehicles as well as the goods they deliver. What you need to consider before taking a policy is the reputation of the company and track record. Companies like Courier Insurance will give you the best deals that can provide you with great coverage and protection.