Choose The Right Courier Van Insurance
If you are driving for a living and regularly deliver goods to customers, you need courier insurance. While you may not enjoy forking out insurance, it is a legal requirement. Recent legislation's by the government mean that even if a van is not in use, it still needs trading insurance. The insurance is meant to protect you and other third parties against any losses that may occur.
According to the Continuous Insurance Enforcement law, every vehicle, whether it is on the road or off road, should be insured. The only exception to this rule is if the vehicle owner has registered it with the DVLA by completing a Statutory Off Road Notice (SORN). If you ignore this rule, you will be breaking the law and can be fined Â£1000. Apart from this, your vehicle may be seized and destroyed.
If you are on the road often delivering goods to customers, it will be in your best interest to purchase comprehensive courier insurance to protect your business against any eventuality. However, premiums for the policies are usually high. One of the reasons for this is that insurance companies see couriers as high risk customers since they usually work around the clock and make multiple stops. Moreover, thieves usually target couriers since they are likely to be carrying valuable goods. This explains why the ford transit van tops the list of the most frequently stolen vans in the UK.
You should carry out research to get the best courier insurance for your business. There are a number of things you should consider when looking for van insurance. To begin, you should know the level of cover you will need. Like is the case with other insurance policies, you will get what you pay for. Check the extent of cover provided under a policy you are considering to buy.
The minimum policy you can purchase is known as third party. This policy will protect you in case your van causes injuries or damages to another party or their property respectively. Apart from third party policy, you can purchase comprehensive policy. This is the ideal policy for couriers. Like the name suggest, the policy will cover you for losses caused by you to other parties and by other parties to you. The cover will help you in case of theft of your vehicle, fires, accidents, damaged goods on transit and so on.
You should compare the comprehensive trading insurance policies offered by different providers to find one that will be right for you.