Couriers insurance is designed to insure companies that are active in the courier industry. This industry has grown significantly in recent years, and it has become the preferred method, for the delivery of: documents, packages, and priority mail, for many businesses. Although this can be a lucrative endeavor, it does have a number of associated risks that need to be managed. A delivery vehicle can be regularly serviced to ensure that it is working as intended, but courier vehicle insurance is still required.
The courier service industry has a number of risks that are quite unique in the business world. Adequate levels of courier insurance will protect your business from liabilities and litigations that may arise because of the following risks.
This is a very common occurrence, even if you employ very careful drivers, accidents can still happen. An accident for a courier is a serious issue, packages and documents can be damaged. If there is a fatal accident, you need adequate cover for your driver and any other parties that could have been killed or injured. It a time sensitive package, such as a medical sample, is on board the deadline will not be met, and penalties could be incurred. The courier vehicle and others could be damaged and need replacement or repair. Any public and employers liability in this accident could easily bankrupt your business.
Theft in Transit:
If your courier business has been successful, you will be trusted with increasingly valuable deliveries. This could include items, such as high value packages, important legal documents, and even secret company information. If this is the case, it may be time to install a safe in your delivery vehicles, but even then a theft in transit could occur. This could result in your business being sued and lead to a huge legal bill and a compensation payout.
Securing Your Courier Business:
The best way to protect your business from these and other risks is to invest in couriers insurance. A general insurance policy will simply not provide adequate cover from all the potential risks that you may encounter. The following policies are the most important ones, courier public liability, workers compensation and goods in transit. Seek out a respected and reliable insurance provider to secure these insurance policies for your courier business. Your business will be protected, and you will have peace of mind.
If they need couriers insurance, Perth professionals should contact us here at GSK Insurance. We provide a wide selection of insurance solutions, including insurance for couriers. In the business of transport and logistics, there are many risks that need to be managed effectively, and we can help. Our team is standing by to discuss your requirements in more detail and to answer any additional questions that you may have.