A Crash Course on Goods in Transit Insurance for New Couriers

1. A Crash Course on Goods in Transit Insurance for New Couriers If you’re thinking about being a courier or delivery driver as a potential profession for yourself, you’ll certainly come across goods in transit cover. Sometimes drivers get confused about what this type of cover is and how it differs from other types of insurance, such as van insurance, courier insurance or just standard car insurance, so we’ll be explaining the basics so you can start finding the right policy for your needs. The Basics Goods in transit insurance is not like other forms of business or personal insurance. It is not a legal requirement for you to operate as a courier. However, many companies and authorities will require you to take a policy in order to work for them Often, courier companies will advise you on the type of cover to get or extend their existing policy to you. However, it’s increasingly common that couriers working for several employers at the same time on short-term contracts will have their own policy. All this comes down to the kind of job you have as well as the typical goods you will be carrying. Making sure you have the right amount of cover in place is important in case of loss, damage, theft or misplacement of items –you don’t want to be held liable for the cost of any of these things happening. What Does the Insurance Cover?

2. Car or van insurance will only cover things like your vehicle and other people’s property, however, goods in transit cover is slightly different. This cover specifically refers to protection for the goods you are transporting. Goods in transit insurance is designed to protect your van and the content you’re carrying as part of your work as a courier or delivery person. For example, if you drive a truck in the haulage industry and transport various goods across the country, this cover will protect you if something happens to the goods you’re carrying along the way. This could be things like accidental loss or misplacement of the items, or even intentional theft. Obviously, the more expensive the items you are carrying the more imperative it is for you to have good cover so you don’t end up getting stuck with the bill for whatever reason. Unfortanately, this also means you’ll typically have to pay a higher premium on your goods. READ MORE The Insurance Broker Limited 31 Chapel Hill Longridge Lancashire UK PR3 3JY info@the-insurance-broker.com 01772780380 https://www.the-insurance-broker.com/