Cover designed for large volumes of goods transported to a single destination.
What is Haulage Insurance?
Haulage Insurance is insurance cover designed for businesses and operators who transport large volumes of goods to a single destination. This is often as part of a contract, whereby goods are shipped, often over large distances, to a fixed location.
Due to the nature of haulage services and the significant amount of goods they transport (in excess of 3.5 tonnes), vehicles such as HGVs are often operators’ biggest investment.
Haulage Insurance therefore protects businesses and operators of haulage vehicles against risks associated with transported goods over vast distances such as theft, accident and damage.
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What is the difference between Haulage Insurance and Courier Insurance?
Haulage Insurance tends to cover those who deliver large loads to one fixed destination. It is usually as part of a contract, with operators working on behalf of third parties, using their vehicle to deliver goods on behalf of another business.
Courier Insurance is designed for those who deliver items to multiple locations as part of a courier service. This is often over a shorter distance and can differ on a day-to-day basis with a large variety of different goods and products. Courier services are often considered more high-risk that haulage because of this and requires a policy that can cover a number of risks.
If you would are looking to ensure the goods that are transported by your business and don’t require Haulage or Courier Insurance, visit our Goods in Transit Insurance page.
What is the difference between Haulage Insurance and Goods in Transit Insurance?
Goods in Transit Insurance is cover for the items that you carry when in transit. This helps protect your business should anything happen to goods whilst being transported. It can be taken out by those who transport goods on behalf of a client, or by those who transport their own goods and want cover against damage, theft or loss of items.
For more information, visit our Marine Cargo and Goods in Transit Insurance page.
Haulage Insurance (and Courier Insurance) primarily cover the vehicle/s that is transporting goods, whereas Goods in Transit is cover specifically for the items that are being transported.
If you want to cover both, then you just need to ensure that you have Goods in Transit cover included in your Haulage Insurance policy. Contact our team if you’d like to discuss your insurance options.
Do I need Haulage Insurance?
If you transport goods over large distances in vast loads and have expensive vehicles to do so, having Haulage Insurance could make all the difference to the longevity of your business should anything happen in transit. Despite the size of your company, the correct cover is imperative for ensuring your HGVs are protected.
If you are also contracted to arrange the storage of third-party goods, then it is essential that you are correctly covered, should any loss or damage occur. Your customer’s requirements may vary and so restrictions and limitations within your policy should be considered in detail to ensure the insurance covers any losses. At SJL Insurance, we can design a policy around both your needs and your customer’s needs.
However safely your drivers operate your haulage vehicles, there will always be the risk of property damage, injury to an employee or to a member of public. For that reason, it is important that you have Hauliers liability insurance.
We can find you the right policy at a competitive premium, so please contact us if you would like to discuss your options.
What is covered in Haulage Insurance?
Haulage Insurance is specifically for the protection of haulage vehicles such as HGVs. For businesses who transport very large amounts of goods across large distances, it is important that they are covered against the risks that they are exposed to.
SJL Insurance Services have access to specialist schemes at Lloyd’s of London and in the composite market, specifically designed for Haulage Contractors. Our team of specialists can access and build the perfect policy for your business needs, meaning your Haulage Insurance can cover whatever it is you require.
Depending on how your business works and the level of cover you require, Haulage Insurance policies can cover:
- Theft of vehicle
- Damage to vehicle
- Accident caused by a third party
- Injury to employees
- Injury to members of the public
If you would like to discuss options with one of our expert team members and find out what would work best for you, please contact our team today.
How much does Haulage Insurance cost?
As an insurance brokers, SJL Insurance has access to a huge array of insurance services and options. Our team build bespoke cover for your individual business needs, to ensure that you are covered effectively but are only paying for what you need.
If you would like a cost for insuring your Haulage company, please complete our form and request a free, no obligations quote now.