Liability is something that cannot be afforded when it comes to courier delivery. Thus in the courier business, an important step of purchasing courier insurance must be taken to ensure that the goods transaction is risk free on all fronts. That step is Courier Insurance.
Huge fleet and chain of operators, sub-contractors and single operators, everyone must make this one time investment in courier insurance and also make an informed choice when it comes to drawing the budget and selecting the policy best suited for the business.
First the understanding of the importance of courier insurance is necessary before the investment is made, so that no doubts are involved. The important point to be kept in mind is:
If any damage occurs to the goods that are to be delivered via courier, it is the responsibility of the courier operators to pay for the loss. The costs may hamper the courier services to a huge extent and a situation may also arise that the courier operators cannot afford to pay for the losses.
That is when Courier Insurance plays an important role. There is minimum repercussions and maximum damage control. Courier insurance covers the three essential fronts of a courier service: goods, vehicles and public liability. Thus courier insurance is an overall package that includes the following sub-policy of insurances:
- Vehicle Insurance
- Goods In Transit Insurance
- Public Liability Insurance
The importance each sub-policy can be stressed further:
Very few businesses these days get by through word of mouth or paper advertising – most will have a website or be cited in various online sites (such as general advertising-listing sites or comparison sites). Many businesses also carry out much of their work online, creating and sending often sensitive data via email.