subject: Does My Courier Company Insure And Bond Their Drivers? [print this page] Almost every Philadelphia courier service that is in business is going to stress within their organization the purchasing of every possible element of insurance that they can obtain. Courier companies do this because of the huge amount of risk that they take on when transporting the valuable goods which belong to their clients. That is why every courier shipment that goes out should be both thoroughly insured, and should be driven with a bond on all drivers.
Insurance comes in many forms when you're working within the courier industry. The first is the obvious vehicle and driver insurance that the courier must carry on every vehicle in their fleet. This is very similar to the insurance that every person takes out on their car in order to be legally protected while driving it. Commercial insurance works somewhat differently, but like private, they have the option of purchasing various different types of coverage depending upon state insurance laws. Most couriers get the maximum possible insurance.
Courier insurance is somewhat different but no less important to their industry. This is a type of coverage which rather than insuring vehicles and drivers, insures cargo. That way, if your goods are stolen, damaged, vandalized, become wet, or end up lost, they will be insured.
Bonding is a type of insurance as well. This is a specialized type of insurance that protects the company against loss if they should experience theft as a result of action taken by an employee. This is particular important in a courier company because of how vulnerable their assets are to their employees. When a courier driver is driving a vehicle, they always have the ability to simply drive away and try and steal the goods they are carrying, so it is very important that couriers ensure that all employees are bonded.
If you have any questions about the insurance that your courier is carrying, either the types of the amounts, then you should simply feel free to ask them about it. Courier companies are generally quite transparent about the insurance that they are carrying. Primarily, this is because there are situations which exist where clients need or want to take out their own additional insurance policies on shipments. Couriers provide them with accurate insurance information, especially about the maximum coverage that is going to be provided on their shipment, so they can make their own informed decision about whether or not action of that type is necessary.
