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Courier Business Insurance

Do you run a courier business? Need insurance?

Finding the right policy at the right price has never been easier, thanks to the variety of specialist brokers competing for your business. So, why settle for just one company when there are so many to choose from?

With one simple form you could get quotes from some of the most experienced courier brokers in Britain!

Companies you get quotes from may include these top brokers:

Brady Acorn academy onesure pol plan insurance revolution riviera goskippy zego freeway got you covered broadsure direct county insurance business choice direct todd coversure

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A number of van insurers are now offering Instant Online Quotes for van insurance (sorry, not car or two wheeler) with Hire and Reward (Courier) Insurance!

Up to 60 insurers can be invited to quote; how many will provide them depends on many factors but why not see what they can offer now?

What Are The Main Risks Faced by UK Parcel Delivery Companies?

The booming eCommerce industry has created a demand for fast, reliable and cost-effective parcel delivery services. However, this growth also comes with several risks for delivery companies, and it is important that you are aware of the main insurable risks to take into account. These could have a considerable impact on your finances!

Loss and damage during transportation

One of the most significant risks for any parcel delivery company is loss or damage to goods during transportation. Generally, this can be caused by external factors such as weather conditions, accidents on the road, vandalism, theft, or even human error.

There are several ways that you can protect against the risk of loss or damage. Firstly, you can improve your control over the transportation process. This can be achieved by working with reliable and experienced service providers and investing in appropriate equipment, like vehicles with tracking and GPS devices. You can also take out goods in transit insurance to cover against the risk of loss or damage. This type of insurance may cover you in case of any unforeseen circumstances that occur during the transportation process.

Liability risk

When delivering parcels, your or your employees are probably going to be on the road most of the time. This makes them susceptible to different accidents and incidents, some of which could lead to legal actions against your company. In the event of an injury, or financial loss, caused by your company to anyone other than an employer, you could be held legally responsible and may be required to compensate the victim.

One of the ways to reduce the risk of a liability incident is through choosing any employees carefully. You can do this by conducting careful background checks on all prospective employees, including taking references and doing criminal record checks. You can also provide your employees with adequate ongoing training and supervision, as well as proper equipment.

A good public liability policy could help protect you against claims, as well as, perhaps, help you defend against fraudulent or malicious claims.

Reputation risk

A bad reputation can affect your business negatively in many ways and can even result in losses for your company. There are many things that can affect your company’s reputation, including poor quality of service, disputes with clients, or even security incidents, such as accidents caused by your employees.

There are some things you can do to reduce your risk of damaging your reputation. Firstly, you should create a strong brand and develop a recognizable image. This can be achieved by creating a recognizable brand identity, having a strong social media presence, and providing good customer service. Secondly, you should find ways to avoid any disputes or security incidents that could affect your company’s reputation. You can do this by hiring reliable employees, providing them with adequate training and supervision, and responding to any complaints in a timely, calm and reasonable way.

Employee risk

Running your own delivery company means that you may be hiring employees to carry out the deliveries. It is important to keep in mind that employing staff comes with several risks, but there are a few steps you can take to reduce the risk of hiring employees that will cause problems for your company.

Firstly, you should create a detailed job description for each position and make sure that applicants meet the requirements. You should also select your employees carefully, checking their references and conducting thorough background checks.

Another way to reduce the risk of hiring employees that will cause problems for your company is by creating an employee contract. This will set out the terms of employment and will help reduce the risk of disputes between you and your employees by specifying what you expect from your employees and what they can expect from you.

Technology risk

Technology plays an important role in every aspect of our lives, including the parcel delivery industry. However, this also means that there is a risk that it could break down at any time, causing problems for delivery companies.

Some of the risks associated with relying on technology include cyberattacks, data breaches, or a failure of IT systems. However there are a few things you can do to reduce the risks associated with technology. Firstly, you should make sure that your systems are up to date and that you install the latest software updates that fix potential vulnerabilities. Secondly, you should also adopt a cyber-security strategy that will allow you to reduce the risk of cyberattacks. You can do this by choosing secure networks, installing protective firewalls, and regularly updating your software.

Fraud risk

Fraud is another significant risk for delivery companies. Fraud can be committed by both clients and employees, and there is always a chance that it could happen to your business.

There are many different types of fraud, including fake or stolen identity, false claims, and invoice fraud but there are a few things you can do to reduce the risk of it. Firstly, you can implement a rigorous screening process for clients, checking their identity, references, and financial stability. You can also use technology, such as fraud detection software, to monitor potential deceit.


The courier delivery industry is expected to grow significantly in the future due to the growth in eCommerce sales. This means that there are plenty of opportunities to not only thrive but grow, too. However, it is important to be aware of the main risks that come with this type of business, in order to protect your finances and reduce the potential risks.

The best way to reduce these risks is by only dealing with reliable service providers, investing in appropriate equipment, and taking out the necessary insurance to protect against losses and damages. By reducing these risks, you should be able to operate your delivery company more efficiently and increase your profitability.

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How The Right Insurance Can Help

As a courier business owner, your primary focus is likely to be on growing your company and keeping costs low so you can make the most profit possible. However, you may find that there are some unexpected costs involved with owning and operating a business.

In order to keep things simple and affordable, it’s important to have the right types of insurance. A courier business requires specific types of insurance in order to protect your assets as well as your business from unforeseen circumstances. Let’s take a look at some of the obligatory cover that every courier business needs, as well as some optional insurance.

Hire and reward insurance

Anyone who carries goods that belongs to other people has to have hire and reward vehicle insurance. This is because delivery drivers, unfortunately, present additional risks to insurance companies, over and above those of the ordinary motorist. Insurers normally base their premiums on the type of deliveries that are made, and the type of goods carried.

Cover for employees

Employer's Liability Insurance protects you against the cost of providing medical or disability benefits to workers. This kind of insurance is a legal necessity and it is a criminal offence for most companies with employees to fail to have it. A copy of the certificate must be displayed in a prominent position at the place of employment.

Cover for the items you deliver

Did you know that a third of all recorded logistics costs in the UK are due to losses from damaged, lost or stolen goods? It has been estimated that the average value of a single truckload of goods is worth about £250,000 and the average cost of a single logistics breach is £24,000, so when you ship goods as a business, it’s important to think about what can go wrong, and to have a plan for these situations.

Goods in transit insurance can protect the goods you carry from accidents, theft, natural disasters, and other unfortunate circumstances. Without this insurance, you could be liable for damages or lose money in other ways if your goods can’t be delivered.

Liability insurance

If you own a business, it is likely that you will have employees or visitors who will need to come onto your premises, and you or your employees are likely to come into contact with a lot of customers, suppliers or members of the public on a regular basis.

If someone sues because they suffered an injury, illness or financial loss because of your business activities this could have negative financial implications for you. As a result, it can make sense to take out Public Liability Insurance as a safeguard against this sort of risk.

Public liability insurance is not a legal necessity (although many people believe it should be) but if you carry out work for local authorities or other businesses, it may be a condition of your contract that you have a policy in force.

Other insurance that may be necessary

These are just the most likely insurance policies that a courier business is likely to need, but your own circumstances may require you to have others such as health insurance for employees, professional liability cover if you provide advice on any subject, or even director's liability cover if you run a large company.

How it works

  • You fill in a simple form, giving some details of what you are looking for.
  • Depending upon your requirements, selected brokers from the panel will be asked to collect quotes for you.
  • You will receive broker quotations to compare.

Click here for quotations

All the insurers on the panel are, of course, fully authorised and regulated by the Financial Conduct Authority.

Goods you will need courier insurance for include:

animals or livestock blood or organs business goods car parts cash or valuables chemicals clothing dangerous goods electrical equipment furniture household goods medical equipment medication mixed parcels newspapers online purchases pallets Parcels Plant Equipment takeaway food vehicles waste and refuse wholesale food near me

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