Courier Services and What They Actually Do
Have you ever wondered how courier drivers do their tasks every day? Having courier insurance is highly important in courier business. Courier service owners are responsible damages and lost packages of their clients. Apart from that cost, they still have to pay for their employee’s medical costs and vehicle repair or replacement.
Courier drivers spend most of their work on road. Delivering packages and parcels from one location to another requires a lot of stops. During those hours, there are a lot of things that could go wrong such as cases of thieves and accidents. With a reliable insurance, the financial burden for damages of goods and vehicle can be covered.
Main Types of Courier Insurance
- Third party, fire and theft. In cases of theft and fire, this insurance covers the cost for vehicle only. In case of accident, any damages to the vehicle will be covered by the insurance company. Bear in mind that the content of the courier vehicle is not included in this type of insurance. This may not be a good option for courier services that transport expensive packages.
- Comprehensive. This basically covers the expenses for any damage of both the vehicle and its contents. However, just like any other insurance, it is best to examine the details stipulated in the policy you signed up for.
It is important that you discuss your requirements before signing up for any insurance company. This way, they can create a policy suitable for the type of courier service you have.
Courier companies can implement their strict security measures and good driving standards to lessen the percentage of accidents. But at the end of the day, there is no denying the risk of always being on the road. It is not surprising that the insurance premium for courier insurance is higher than any other insurance.