Insurance is a very integral part of the courier industry
. Any Los Angeles courier service that is going to stay in business for any amount of time is going to have several different types of insurance that they carry throughout the company in order to afford themselves with the protection that they need. There is simply too much potential financial liability at stake for any courier company to consider operating without ample insurance in place.
There are two types of insurance that people that own and operate courier companies concern themselves with. The first is courier insurance. This is the insurance which is unique to their industry, and which is sold to cover the value of the goods that are being shipped. So that type of insurance is what will pay you out if your packages are ever stolen or damaged while being shipped with a courier company.
Then, they of course maintain insurance on all of their vehicles and their drivers. It is just a mathematical fact that when a courier is on the road driving for 8 hours a day they have many more chances to be involved in traffic accidents than someone that might just drive a half hour commute to work each day. As such, the courier companies know that they have to protect their financial well being by insuring every element of the company that they can.
The insurance for commercial drivers which is available is going to differ somewhat depending on the state that a given courier company is registered in. However, most courier company owners will tell you that they buy all the insurance options which are available to them in their state, affording them the maximum coverage possible. This may include things like buying extra insurance to protect them in case their vehicles are in an accident with an uninsured or underinsured driver.
Courier companies are more than willing to usually disclose the details of their insurance coverage to their clients. They understand that when they're shipping something for a client that it is never just their own financial interest which is invested in that shipment. Therefore, they will discuss the particulars of insurance, especially of the courier insurance which covers your goods if you have any questions about the policy that they carry. There are even some instances when clients may choose to purchase additional insurance to supplement that carried by the courier.