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Thursday, May 21, 2009

Different Types of Insurance For Courier Vehicles

By Simon Normski

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.

By completing the online application form competitive quotes can be estimated and offered within a very short time. There are some key facts which will help you decide which insurance company is offering the best deals to suit your courier service needs:

Obtaining more than one quote will provide you with a comparison. It will then be possible to see what level of cover is being offered and what additional costs may be needed. Using an online courier insurance broker is a great way to save time. They will carry out the searches on your behalf and provide you with a number of different quotes from different insurance companies who specialise in courier van insurance. Checking to see whether the insurance company is regulated by the Financial Services Authority will help you find legitimate insurance companies who work to the FSA requirements and regulations, providing peace of mind when you chose which company to use. Comparison websites may also be a good way to begin your search for courier insurance. However, not all long established insurance companies are included on comparison sites.

A further option of having each consignment is also available from many insurance companies. The cover can be short term to provide insurance cover for the duration which the consignment is onboard. Check with the insurers to see whether they offer this option.

Having a 100% All Risks cover included within the Goods In Transit option will provide cover should the goods be stolen or damaged while they are in transit and cover should the goods be damaged which is caused by an accident while they are in transit.

Business owners and employers have a legal responsibility and a duty of care to help protect employees, customers and members of the public. A Public Liability and/or an Employer's Liability insurance may be needed. These are usually optional extras which can be included on the insurance.

In order to provide appropriate cover the insurance company will need to be informed of the type of goods you will be carrying. If you have been given an undisclosed parcel, packet or consignment it is your responsibility to inform the insurance company.

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.

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