Understanding what haulage insurance covers can be confusing, as it's often made up of several different policies rather than just one. In this guide, we'll explain the main types of cover available and what they're designed to protect.
Commercial Vehicle Insurance
Commercial vehicle insurance forms the foundation of most haulage insurance policies. It covers your HGVs or commercial vehicles against damage, theft and third-party claims, depending on the level of cover you choose.
If you operate more than one vehicle, fleet insurance can be a simpler and more cost-effective way to manage your cover.
Goods In Transit Insurance
If you're transporting goods that belong to your customers, Goods in Transit insurance helps protect you if they're lost, stolen or damaged while in your care.
This cover is particularly important for haulage companies, couriers and logistics businesses, as standard commercial vehicle insurance doesn't usually protect the cargo you're transporting.
Employers' Liability Insurance
If you employ staff, Employers' Liability insurance is a legal requirement in most cases. It protects your business if an employee suffers an injury or illness as a result of their work and makes a claim against you.
Public Liability Insurance
Public Liability insurance protects your business if your work causes injury to a member of the public or damage to someone else's property.
While it's not usually a legal requirement, many customers, contracts and commercial sites expect haulage businesses to have this cover in place.
Warehousing And Premises Insurance
If your business owns or rents a warehouse, office or other commercial premises, you may also need insurance to protect your buildings, equipment and stock against risks such as fire, flood and theft.
Additional Cover
Depending on how your business operates, you may also want to consider:
- Marine Cargo Insurance
- Legal Expenses Insurance
- Directors’ and Officers' Liability Insurance
- Cyber Insurance
- Personal Accident Cover
Every haulage business is different, so the right combination of insurance will depend on the vehicles you operate, the goods you transport and the services you provide. Taking the time to choose the right cover can help protect your business against the risks you face every day.
Choosing The Right Cover
No two haulage businesses are the same. An owner-driver is likely to have different insurance requirements from a national fleet operator or a business that also provides warehousing and distribution services.
Reviewing your insurance regularly can help ensure your cover continues to meet your needs as your business grows, takes on new contracts or expands its services.
Speak To Us
With more than 50 years’ experience arranging insurance for businesses in the haulage, logistics and distribution sectors, Wrightsure understands the risks transport operators face.
Whether you're reviewing your current policy or arranging cover for a new business, our experienced team can help you find insurance that suits the way you operate.
To find out more about our haulage, logistics and distribution insurance or to request a no-obligation quotation, get in touch with our team today.
Call us on 01708 865533, or email info@wrightsure.com
Click here to visit our Haualge page.