Many couriers will understand the need for specialised courier insurance due to the nature of the long distance mileages and multi drops involved
. Courier insurance is great cover for anyone who is operating a courier service and provides extra cover to ensure you do not experience any difficulties when making a claim. However to the annoyance of many couriers, a courier insurance policy can often have highly inflated premiums, which can often be unfair when couriers are some of the best drivers on the road.
There a number of ways in which a courier insurance premium can be brought down to ensure you are not overpaying for your courier insurance policy. Firstly contact an insurance broker who specialises in insurance policies directly for couriers is the best option. This is because they are used to dealing with lots of couriers on a regular basis and will know what a fair price will be. Mainstream insurers do not have this understanding and will often overinflate their premium prices and not be willing to come down on them.
It is also important to understand what type of courier business you operate, and play to your strengths when searching for a courier insurance policy. If you talk to a broker who is courier insurance specialist they are likely to be able to offer you a tailored policy so you do not have to pay for the cover that is not relevant to you. If you have a fleet of courier vehicles you will be able to save considerable sums on your premiums by having a combined fleet courier insurance policy. By insuring all of your business vehicles with a single insurer you will be able to ask them for a large discount on your premiums that can drastically reduce your costs and ensure you are adequately covered.
If you are a new start courier or a sole courier you can also often receive discounts to lower your premiums. A number of courier insurance specialists will often understand the cost strain of insurance for sole traders, or business start-ups. If you need to save as much as possible let the insurer know as some of them will be willing to give generous introductory discounts.
Another important consideration for lowering your premiums is the size of your cover within the policy. Ensure that you are not insured for cover that you do not need, this may include European travel insurance, look closely at your proposed policy and if you are covered for couriering in Europe but not require it have it removed and ask for further discounts. There are lots of different ways to lower your premiums, and if you take the time to assess your policy you can ensure that you can often find cover for everything you need for a much cheaper price.