Often couriers will buy courier van insurance and goods in transit insurance at the same time, meaning that they have two separate insurance policies every year. In order to avoid this, surely it makes perfect sense to blend the two covers into a solo policy? This is possible, but it is essential to be aware of exactly how goods in transit cover works to ascertain whether or not this approach will suit your requirements.
One of the most important things to take into account is that, when purchasing combined courier insurance and goods in transit cover from Bollington, there is a limit on goods in transit cover of £25,000. You must be sure that this amount is enough for your needs before going ahead. If you often work with goods that are worth far more than £25,000, you must make sure you answer the following questions before purchasing the policy:
- Would you be able to cover the additional cost if all of the goods you are carrying were either destroyed, damaged or stolen?
- Is there a minimum level of insurance cover set out in your conditions of carriage? As an example, the Road Haulage Association (RHA) requires a coverage level of £1,300 per tonne of goods as standard.
This policy only applies to single vehicle courier insurance, however if it does suit your requirements then it is an affordable way of combining cover for your goods as well as your vehicle in one low-hassle package. Here at Bollington, we often find that this policy is chosen by couriers as a result of the solid coverage it offers for courier van cover, as well as the great price.
Another option is to purchase public liability and employers’ liability in the same package as goods in transit cover. This is not part of the combined insurance cover we talked about above, as it is purchased on a separate basis to courier van insurance, but it could offer an extremely affordable option for you.
If you are hunting for advice about which of these products would best suit your needs, call our team of experts at Bollington on 01625 348779 or fill out our online courier insurance quote so you can see if this coverage would work for you. As many insurance brokers are not able to access this type of combined product, it is key to talk to the experts – after all, your time and money is at stake.