Hire and Reward Insurance

If you carry other people’s goods or materials in return for payment, you’ll need a courier car, van or any other vehicle insurance. In order to get cheap courier van insurance that will not ruin your business, you will need to go compare insurance and we offer that service at mymoneycomparison. Businesses such as furniture removers, delivery drivers, and leaflet distributors all employ the services of a courier for their activities.

Comprehensive: This type of insurance covers you for third party, fire, and theft. It goes further to cover your vehicle if it gets lost or damaged in an accident. This hire and reward insurance is loved by many and offers the most perks. You can get to compare cheap haulage insurance here to have an idea of the range of premiums.

Third-Party, Fire, and Theft: This insurance cover will pay money to a third party in the event of a loss or damage in which you are legally liable. This type of insurance also covers the cost if your courier vehicle is stolen or damaged by attempted theft or fire. The price is also quite exorbitant but gets affordable when you get cheap courier insurance quotes from us.

Third-Party Only: This form of insurance will only pay money to a third party who suffers loss or damage which you are responsible for. Here you get the cheapest premium and this is the most basic form of cover for your courier business.

If your business involves you driving a vehicle for dispatch or delivery, you’ll need to consider courier insurance. If you think it’s too expensive, don’t worry, mymoneycomparison has you covered. We compare courier insurance in a detailed manner so that you have access to the cheap courier insurance and you can make your pick from a wide array of courier insurance options. This will ensure proper coverage for your courier business in case you’re involved in an accident or if your vehicle is damaged or stolen.

Courier Van insurance & hire and reward insurance, you’ll need to specify whether you need cover for social only, carriage of own goods, carriage for reward or hire, or haulage. The general knowledge is that couriers do multiple drop-offs and hauliers drive a very long distance to deliver a single load. This is, however, not a rule of thumb as different courier insurance brokers go with different definitions.

If you think yours is a courier and the insurance firm confirms that it you have been carrying out haulage work, in the event of a claim, your policy might be rendered invalid. It is always safer to check with your insurance provider in order to ensure that there is an agreement on the cover offered. This is why we advocate that you use our courier hire and reward insurance comparison to get a decent and befitting courier insurance quote for your business.

Some courier van insurance businesses offer you various perks according to the level of your cover. Others don’t. get a cheap hire and reward insurance to have more information on the courier insurance quotes. Generally, the offer includes;

A guaranteed courtesy vehicle whenever your vehicle is undergoing repairs at one of the approved garage. You can also get access to a nationwide repair network and this includes roadside repairs. For some cheap courier insurance, repairs are also guaranteed. Some premiums also provide covers for drivers’ personal belongings. Also, you won’t get confused about courier insurance.

If the vehicle you use for your courier service weighs above 3.5 tonnes simple cheap courier insurance will not suffice. Other vans and vehicles that weigh less than this stipulated weight are classified as light goods vehicles (LGVs).

It shouldn’t take too long to compare insurance quotes. You can get it done in minutes. Simply provide us with your information and we will give you a quote for hire and reward insurance to get started. Start a quote here.

Whether you’re looking for courier van insurance or delivery driver insurance, we can provide you with options to choose the cover you and your job requirements.

Our highly experienced team of courier insurance specialists work with the top courier van insurance brokers so you have a variety of options. Get your courier insurance quote today

Hire and reward insurance is known for being more expensive than your courier van insurance policy. This is because you are not only insuring your own vehicle but the belongings of others as well. … For example, if you often drive in poor weather conditions or at night, this will affect your insurance premiums.

The legal term for this is ‘hire or reward‘. It’s any payment, in cash or kind, which gives a person the right to be carried on the vehicle, regardless of whether or not that right is exercised.

The type of cover you need is ‘carriage of goods for hire and reward‘, so the average cost of a comprehensive courier policy is £1,080. Haulage cover is more expensive, at £1,244 on average.

Hire and reward insurance is necessary for any profession that involves transporting goods, belongings or people including:

 Taxi & Private Hire Drivers or Chauffeurs
 Furniture Removals
 Car, Motorbike, HGV’s, Vans and even Bicycle Couriers
 Parcel Delivery Driver – Self Employed or Owner Drivers
 Food Delivery / Takeaway Drivers
 Haulage Hire & Reward Insurance

The type of hire and reward policy required will depend on the service you are offering. Couriers, for example, tend to make frequent deliveries in a local area whereas hauliers or furniture removal companies will typically make longer trips, less frequently. Each of the services above will carry different levels of risk which subsequently affects the cost of your policy.

There are three different types of courier insurance these are:

Comprehensive: This type of insurance covers you for third party, fire, and theft. It goes further to cover your vehicle if it gets lost or damaged in an accident. This hire and reward insurance is loved by many and offers the most perks. You can get to compare cheap haulage insurance here to have an idea of the range of premiums.

Third-Party, Fire, and Theft: This insurance cover will pay money to a third party in the event of a loss or damage in which you are legally liable. This type of insurance also covers the cost if your courier vehicle is stolen or damaged by attempted theft or fire. The price is also quite exorbitant but gets affordable when you get cheap courier insurance quotes from us.

Third-Party Only: This form of insurance will only pay money to a third party who suffers loss or damage which you are responsible for. Here you get the cheapest premium and this is the most basic form of cover for your courier business.

Courier vehicle insurance – Whether you use a car, van or small lorry, you depend on your vehicle more than anything else whilst at work. So in order to keep your business moving, you will require some sort of courier vehicle cover. This is where a company like mymoneycomparison.com can help by shopping and comparing a number of providers for a competitive quotation on your behalf. Call our team of experts today on 0333 006 9438 or fill in our online form here.

Public liability insurance – can cover couriers against legal costs and compensation payments as a result of injuries or property damage to your clients, contractors or members of the public which is caused by you or one of your employees.

Goods in transit insurance – covers the goods that are being delivered from one place to another. If you are a courier, haulier or even a furniture remover then you are taking possession and responsibility of items for delivery.  This also means you have a duty of care to the items that are being delivered if they are stolen, lost or damaged then the owner of the goods will want compensation for this value.  To have Goods in Transit (GiT) insurance means you are covered for this loss.

The goods-in-transit cover isn’t compulsory, but you are responsible for any loss, damage or theft that happens to the goods while you‘re delivering them, and insurance will meet the cost of any claims against you.

Hire and Reward will protect you in the event that you’re in an accident and are using your vehicle for business purposes. It’s designed to cover the additional risks that drivers face while using their vehicle for payment, such as:

If you opt for a full-time Hire and Reward policy (which is sometimes referred to as Commercial Vehicle insurance) then you’ll be covered by that policy at all times, irrespective of whether you’re driving for work or not. With a top-up/pay-as-you-go coverage, it’s important you’re clear about what you were doing when the accident occurred (i.e. working/not), so you know which of your insurances will be responsible for covering you.

And keep in mind if you haven’t informed your insurer that you’re using your car for business purposes then they may be well within their rights to refuse to pay out (and may even void your coverage all together)—so make sure you do so at the earliest possible moment.

Hire and Reward Insurance is essential for couriers, hauliers, taxi drivers, furniture removers and anyone who carries people or the property of others in exchange for a fee. … However, even if you only carry goods you own as part of your job, you will still require a business to use insurance

Courier Van Insurance is for when you have up to five vans. There are three levels of cover available: third party only, comprehensive, and third party, fire and theft insurance. Third-party cover is the minimum you need to be able to deal with public safety.

You may also require goods in transit insurance, to protect the value of the goods you transport should they be lost, damaged or stolen, and public liability insurance, in case you are involved in an accident involving the public. If you have employees, you might need to consider employers’ liability insurance.

Using our brokers industry knowledge and depending on your needs, we may also be able to include the following features in your policy:

Protected No Claims Discount
• Drivers aged 25 and above
• Excesses from £250 for motor for vehicles up to 3.5GVW
• Free EU cover for up to 90 days (dependent on the insurer)
• Uninsured loss recovery
• Public Liability and Employers’ Liability
• Goods in Transit Cover
• £100 Goods in Transit excess
• Cover for up to six vehicles per policy
• Option to include AA Breakdown & Accident Recovery

Courier insurance is designed for when you are working with multiple-drop deliveries and will cover you in the event that your commercial vehicle is involved in an incident or accident. You may be involved in transporting anything from the ‘traditional’ courier goods such as packages and parcels, or transporting electronics and even essential medical supplies to multiple locations on a time-sensitive basis.

You will need to find a different kind of insurance if you are dealing with single-drop deliveries such as takeaways and haulage, and for taxi firms. You might not realise this, but courier insurance might be necessary if you use your personal car to deliver time-sensitive parcels part-time. However, your private car, motorbike or van insurance – even if you take out Class 1 Business use – will not protect your work as a courier.
If you manage a fleet of courier vehicles, we can help you find the best possible cover for the risks your business faces. We can even advise you and help you find telematics devices that will help you keep the costs down.

Drivers must extend their private car insurance policies with the purchase of a hire and reward use, in a similar fashion to a taxi or courier. Hire and reward use covers a driver’s liability when something is delivered from one place to another for a fee, including when delivering food.

The short answer is that you need to have Hire & Reward (H&R) insurance in place to cover your food delivery work because your standard Social, Domestic & Pleasure (SD&P) insurance will not cover you for activities like this. Your SD&P covers your personal driving, like driving to the shops or visiting a friend.

Typically, if you’re using a van for work you’ll need some kind of courier van insurance. But if you’re using a van to distribute goods, then you’ll need courier or haulage insurance. Here’s a brief description of these two cover types:

• Courier Insurance – This is more tailored to allow you to make a number of different drop-offs over the course of your journey. A courier will also have more goods to carry in their vehicle, and courier insurance providers will more likely be aware of this fact.
• Haulage Insurance – This is slightly different insurance, as it looks at covering singular, larger loads for longer journeys. But some insurance providers may consider someone who may seemingly need haulage insurance, to actually need courier insurance. And sometimes vice-versa, too.

And when you to add to the mix the potential for some insurers to also require hire and reward cover (usually associated with taxi insurance), then the world of courier insurance is not always clear-cut.

But if your insurance provider is aware of all your details from the outset, you should be able to find the right courier cover that you need.

When you’re looking to start using your van for courier or delivery work, you’ll need to make sure you have the correct insurance cover in place. Your standard Social, Domestic & Pleasure cover won’t protect you or your van for your work as a courier driver.

Instead, you need to have Hire & Reward insurance in place to cover your work. But before you start looking for work as a courier driver, it’s a good idea to have an idea of how much courier van insurance is going to cost you.

In this post, we’ll look at how much you can expect to pay for courier van insurance, the different options that are available and how you can get started by getting a quote via our online form or calling  0333 069 438.

How much does courier van insurance cost?

For an annual courier van insurance policy in the UK, you can expect to pay anything from as little as £800 all the way up to several thousand pounds. Your quote will vary significantly depending on your personal information and driving history.

Hire and reward will cover fast food delivery drivers either part-time or full-time drivers, including fast and hot food deliveries by restaurants and takeaways