Low running costs and high-speed deliveries are the keystones to a typical motorcycle courier business but without adequate protection, one accident could put a huge dent in the budget. Although slaloming through dense traffic can speed up delivery times, it also dramatically increases the risk factor.
One unlucky occurrence could injure the rider, total the bike and destroy the package - not to mention the impact a crash could have on other roadsters, pedestrians and the environment. Compensating for these damages could mount up to be a profit sapping figure but can be covered completely through the correct motorcycle courier insurance package.
Legal expenses also come as a consequence and without an extensive insurance policy, motorcycle couriers could find themselves in a lot of financial trouble should they cause an accident. Apart from the basic forms of legally required insurance, couriers will also encounter a variety of additional products when applying for cover.
Some extra products will benefit certain types of motorcycle couriers whereas they will unnecessarily bump up the quote price for others. For example, bikes that are likely to be modified (for whatever reason) may not be covered without a modification add-on to their policy. At the same time, Bikers that never plan on modifying their vehicle may have this optional extra included into their policy simply because they got confused at the sign up stage.
Insurance brokers are the professionals to go to when faced with confusing add-ons and complicated quote applications. The brokers act on behalf of the courier and will know exactly which insurers to go to and exactly which packages to apply for, depending on the courier's budget and type of business.
Goods in Transit policies for vans and trucks will not be suitable for motorcycle couriers carrying much fewer goods. Specialised packages for lighter loads are out there to be found and the best chance of finding these quotes is through an experienced broker.
Some motorcycle couriers will only need a basic quote that doesn't cover the likes of theft attractive items because all that is being delivered is a pizza. On the flip side, couriers delivering expensive goods will need their broker to find a cheap courier insurance quote that covers not only the bike but the value of the goods in transit too.
Businesses that own a fleet of motorcycles have more bikes on the road, therefore theoretically the probability of an incident occurring is increased. Fleet deals for these businesses can come with a discount and the money saved can be used on add-ons to up the value of their goods in transit cover.
There are plenty of combinations to think about when it comes to optional extras. Once the business has established which foundation insurance type they would like (fully comp or third-party) they can rely on the broker to find the additions to match their needs and cover their investment completely.
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