When it comes to courier insurance, there are certain things that must be taken into consideration.
You will require a courier insurance policy – meaning that you will need insurance cover for your vehicle.
You will require a goods in transit policy – meaning that you will need insurance cover for the items that you are delivering. Despite this being essential, large numbers of online courier insurance quotes do not offer this coverage, meaning that you could be at financial risk if an item was damaged while in transit.
You will require public liability insurance as you are often face to face with the general public. You will also need employer’s liability insurance by law if you employ anyone else, except in a small range of cases.
While there is no legislation to insist that you have goods in transit insurance cover, it is essential as items can be stolen, broken or lost while on the move, as any courier will well know.
Many companies and organisations will refuse to deal with couriers who do not have goods in transit cover as they are concerned about the lack of insurance cover and being left open to claims to replace damaged or lost items. The value of the items you are carrying can often be substantial and failing to ensure you have goods in transit cover could cost you dearly.
It is key that you tell Bollington about any of your contracted conditions of carriage – by doing this, it allows us to ensure you are provided with the ideal level of insurance cover. This can range from coverage for the entire value of the goods you are transporting to an allotted amount per tonne of items.
Goods in transit cover can be purchased from as little as £3.37 a week for a standalone policy that also offers you public liability and employers’ liability protection as standard. Can you really afford to take the risk and not take out goods in transit cover?
Call Bollington for advice on your goods in transit coverage needs on 01625 348779, or fill out our goods in transit form to receive a quick online quotation.