Running a courier, it is highly important to have wheels to mobilize goods. You need to condition your vehicles and set aside a budget for your insurance. Insurance for couriers comes in different prices and coverage that will cater a range of customers.
Courier insurance is very critical. Thus you really need to dedicate time to determine and make sure you cover all aspects that you need in your business. It is best to make an informed choice to help you get the best protection for your business. That is why here are basic essential insurance for couriers that you should know about:
- Vehicular Insurance
Vehicular insurance will your vehicle. As vehicles are very essential to your courier business, having a vehicular insurance is highly recommended to protect you if ever something goes wrong. There are vast options with vehicular insurance. All you have to do is find the right insurance that will cater all the needs. You also need to make sure you need what you are getting. Otherwise, it is best to remove anything unnecessary to eliminate your burden with extra fees.
- Goods-in-Transit Insurance
Goods-in-Transit (GIT) Insurance will cover the goods you are transporting. It particularly covers any damage or loss to whatever proclaimed goods are in the vehicle. It is best to craft your own GIT that will suit your courier services as you will be carrying a wide range of items. Some GIT insurance does not cover particular goods.
- Employer’s Liability Insurance
Employer’s Liability Insurance will cover any accidents the delivery staff may encounter while mobilizing or transporting goods.
- Public Liability Insurance
Public Liability Insurance can be used in cases where a member of the public is in any way injured due to whatever the vehicle was carrying.