Hauliers & Couriers Insurance

Why is Haulier and Couriers Insurance Required?

Motor vehicle insurance is legally required for road haulier and courier companies as it provides protection in society from the consequences of financial loss from incidents associated with using a motorised vehicle such as a van.

The goods that you are carrying also need to be insured to protect the owner from loss.

Risk Factors

Without the legal minimum requirement of cover, the victims of Road Traffic Collisions (RTCs) could be left uncompensated for their loss.

Incidents which result from the use of a commercial van might include death or accidental injury to thirt parties, or damage to property or goods of others or own goods.

Financial protection

Van insurance policies are a contract which gives you/or your business financial protection against losses in the event of a valid claim. The insurer pools van owners/drivers risks so the burden of risk and is shared and the cost is affordable.

Because of the wide variety of types, sizes and uses of commercial vans on the road, as you would expect, insurance costs are higher than ordinary private car insurance.

Vans have increased capacity and larger engine size and are more likely to cause greater damage. There is therefore a higher risk for the insurance company to underwrite in the event of an accident.

Goods in Transit Insurance

As a haulier or a courier, you must insure the goods that you are carrying while they're in transit as this protects you from the consequences of legitimate loss or damage caused to the goods.