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Last updated: 04 July 2022
Courier fleet insurance is a single insurance policy designed to cover three or more vehicles making deliveries to multiple locations for hire and reward or goods in transit / removals. It’s more economical than purchasing separate insurance policies for each of your business’s delivery vehicles.
The policies are also distinct from standard fleet insurance, such as for company cars, which don’t address the unique risks and insurance requirements of vehicles used for deliveries.
Depending on the policy, courier fleet insurance may protect not just the vehicles themselves, but also the goods they carry against loss, theft, and damage.
You need courier fleet insurance if you have three or more vehicles used for courier purposes. That is, to deliver a third party’s goods, such as parcels or groceries, to multiple locations, usually directly to customers.
Courier fleet insurance responds to the unique risks of making deliveries: long hours on the road, multiple stops, and vehicles laden with valuable goods of interest to thieves and expensive to replace.
If you have fewer than three vehicles used for courier purposes, you should get separate courier car or van insurance policies for each.
If vehicles in your fleet are used to make long journeys to drop off goods at one location, usually from suppliers to businesses, you need haulage insurance instead.
If vehicles in your fleet only carry items owned by you or your business, you need a carriage of own goods insurance policy.
Holding an inappropriate insurance policy - such as standard car or van insurance for a vehicle used in a courier business - can mean your insurer rejects your claims, leaving you out of pocket. The insurer can even cancel your policy, making it more difficult for you to obtain insurance in the future.
Courier fleet insurance typically covers two to three or more vehicles (the minimum and maximum numbers vary between policies).
First, it provides standard auto insurance cover for those vehicles, with differing levels of protection depending on your preference:
Additional coverage may be offered by courier fleet insurance, either as standard or as add-ons:
Monthly premiums for courier fleet insurance vary widely and depend on the following factors:
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