Ways To Help Lower Courier Insurance

Courier businesses should give serious consideration to having both their vehicle insurance and their courier business insurance, such as Goods in Transit, Public Liability insurance and Employer’s Liability, all provided by the same insurance company.

Not only will they be able to negotiate better and possibly lower insurance premiums, having one insurance company can save a lot of administration time and manpower as there will only be one company and renewal date to deal with.

Many insurers who specialise in courier insurance are offering some very competitive deals for new business ventures for the first year of a policy. The usual no claims discounts held by drivers and those over the ’age’ thresh hold set by the insurance companies can also help to lower the costs and save you money.

The ‘age’ thresh hold is generally 21yrs, but this can and does vary between insurers, some have an young driver age limit of 25yrs.

The courier insurance market is a competitive place, as such the insurers are offering to beat like-for-like quotes which you may receive from their competitors. The best advice is to shop around to find a great insurance deals which meets your courier business needs from companies who specialise in this type of insurance.

Don’t be fooled into thinking that cheap is best – read the small print, terms and conditions to ensure the quotes you receive meet your needs, if you are in doubt or have questions use the free phone numbers or ring back service to ask before you make a commitment and part with any money.

Fleet Insurance For Multiple Vehicles

If your company has multiple vehicles, it is nearly always cheaper to get a fleet policy to insure your company vehicles. It is a common misconception that a fleet must be made up of trucks and HGV’s, any business vehicle can be counted as a ‘fleet’ no matter its size.

Typically however you will always receive cheaper fleet premiums if most of your vehicles are of the same type. This means that if you insure 10 small vans it will nearly always cost less than insuring a mix of cars, vans and HGV’s under the same policy. The price change is not very large but it is worth considering for companies with a small amount of vehicles.

Generally the minimum number of vehicles needed to use a fleet policy is 5, although the number typically varies from insurer to insurer. As such it is worth shopping around if you have small number of vehicles, just because a couple of companies will not insure your 4 vehicles does not mean others won’t!

This type of policy does not normally include Goods in Transit insurance and Public Liability insurance, these must be purchased separately if needed. In essence fleet insurance covers all of your vehicles under a single policy that is far easier controlled and renewed than multiple individual policies for every vehicle. This saves you the time and hassle of having to renew each policy next year and shop around again for a whole number of different insurance deals. Instead you simply have one policy to renew.

Finding Completive HGV Insurance Deals

Finding completive HGV insurance deals can be a nightmare, with insurance companies all offering cheap deals to gain your custom how do you which is best?

Insurance companies which specialise in HGV insurance are probably the best solution for those want to ensure their trucks are fully protected on and off the road.

Insurers who offer ‘all in deals’ such as One Business Insurance Solutions can save you a lot of time and hassle by including the truck insurance, Goods In Transit cover, Public Liability and Employer’s Liability (if applicable) under one company. This type of deal can also reduce your administration time and the problem of having to remember numerous renewal dates each year.

As with all other types of vehicle insurance there are many insurers who also offer this type of hassle free cover. Reputable companies have business and risk assessment plans which can save you time and money not only on your insurance costs but also help to lower your overall running costs.

Probably the easiest way to find competitive deals is to go online and carry out research and obtain quotes from a number of different insurance companies. If you don’t have the time or quite frankly the inclination, make use of insurance brokers who also specialise in HGV insurance and let them carry out the searches on your behalf.

Business which have more than 4 or 5 trucks can also make huge insurance savings by having a HGV fleet insurance policy. Again, search online to see if this option is available to suit your business needs, the number of trucks needed to qualify for fleet insurance does vary between HGV insurance companies -another good reason to shop around!

GIT Courier Insurance Cover

Courier Fleet

Do you have GIT (Goods In Transit) insurance cover? If not then you could be making a very costly error. The good news is that many insurers are offering GIT as a complimentary addition to a courier insurance policy.

If like me you believe in the old adage that nothing is complimentary or indeed free, then check out your existing courier insurance cover and you never know you may just be pleasantly surprised by what you find. I hasten to add that GIT does not automatically come free or complimentary with all courier insurance policies, it’s up to you to check and see for yourself. You also need to be aware that in order to get GIT cover you will have to provide details of what is being carried and its value.

There are many different courier insurance options available, some include both UK and European cover and will insure young drivers or give any driver options as well as additional discounts for experienced drivers, although you will have to provide evidence of their experience! Most reputable courier insurance policies also include both employers and public liability insurance with variations in the amount of excess you will have to pay, however, I think this is not only essential for any courier service vehicle but also a small price to pay should one of your couriers be involved in any kind of accident.

Accidental breakdown may also be worth giving serious consideration to particularly if your courier vehicles are not new, many courier insurance brokers and companies will insure cars, vans and motor bikes of any age to give you peace of mind that you drivers and cargos won’t be left stranded.

Types of HGV Insurance

HGV insurance can be classified in many ways but it is best to classify it on basis of utility as well as cost. Truck owners could opt for basic HGV insurance, or simply stated, vehicle insurance. It is mostly purchased at the time the vehicle is purchased. It is an extra expense but mandatory by law in most developed countries.

Along with vehicle insurance, you could also opt for Goods in Transit insurance. It covers the owners against both theft as well as damage. It would be very helpful to have enough insurance here, as this one covers the damage caused by your vehicle, as well as damage to your vehicle and its contents. It is void in the case of a truck carrying hazardous materials.

Public liability insurance is not at all necessary but may prove worthwhile if your truck is in an accident with lots and lots of injuries. If and when you get sued (because of negligence) this insurance covers you against all the public’s expenses. It basically provides an extra legal guard to you.

For truck owners who do cross-continental transport, there is continental insurance as well. It covers you against all damages in a foreign land and provides extensive legal and medical cover in case of an accident.