Your business is unique. Cover Corps provides customized coverages in the Delivery & Courier Industry.
Typical coverages for the Delivery & Courier Industry:
- Commercial Auto Liability: Commercial auto liability insurance is an important safeguard for your business. If you or an employee is sued following a serious accident in a truck or vehicle, liability insurance helps protect your company’s assets. A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states. You need this protection if: Your business: owns, leases, or rents any vehicles; Employees drive their own vehicles while conducting business; You or your employees drive company cars for both business and personal use.
- Cargo Insurance: Your freight is exposed to a lot of risk as it moves through different hands, different trucks, and different terminals. Cargo insurance protects you from financial loss due to damaged or lost cargo. It pays you the amount you’re insured for, if a covered event happens to your freight. And these covered events are usually natural disasters, vehicle accidents, cargo abandonment, customs rejection, acts of war, and piracy.
- Commercial Auto Physical Damage Insurance: Commercial Auto Physical Damage Insurance covers the cost to repair or replace your vehicle if it is damaged or stolen. Physical Damage Coverage comes in three forms: 1) Collision coverage pays for physical and mechanical damage to your vehicle if it hits or is hit by an object or another vehicle, or when the vehicle is overturned. Collisions can occur between other cars or stationary objects. 2) Comprehensive coverage pays for any losses to your covered vehicles that are not covered by collision coverage. Common causes of loss include theft, vandalism, flooding, fire, windstorm, hail, and hitting animals or falling objects. 3) Specified Causes of Loss Coverage is a more limited version of comprehensive coverage. This coverage specifies the risks covered, rather than offering broad, all-risks coverage, and it is also generally less expensive, given the narrower scope of coverage. Causes of loss that are covered including fire, lightning, explosion, windstorm, hail, earthquake, flood, and vandalism.
- Truckers General Liability Insurance: For-Hire truckers and all motor carriers should consider purchasing Trucker's General Liability. It pays for injuries or property damage you cause as a result of business activities not directly related to operating your truck. This type of insurance may provide coverage for: Customers slipping / falling on your premises; Erroneous delivery of products resulting in damage; Actions of a driver while representing the insured and on the premises of others; Libel and slander exposures; Fire on rental property due to insured's error.
- Unladen Liability Insurance: Unladen liability insurance coverage will protect you in the event of a third-party bodily injury or property damage claim against you when you are “empty” or deadheading to and from the terminal or between loads.
- Non-Trucking Liability Insurance: Non-trucking liability insurance is coverage that protects you when you use your business truck for personal use. Since you are not driving for business purposes, there is no coverage under your trucker’s liability or business auto policy. Most motor carriers require non-trucking liability with owner/operators that sign a lease agreement. The agreement relieves the carrier of any financial responsibility while the trucker is off duty driving the truck. You need Non-trucking Liability Insurance if: You drive your truck for non-commercial purposes; Your motor carrier requires the insurance in a lease or other written agreement; You want to avoid high liability expenses resulting from an accident.
Cover Corps also provides specialty coverages for the Delivery & Courier Industry that cover your unique business risks like:
Workers' Compensation Insurance: You are required to cover the cost of treatment of injuries sustained by employees while on the job. Workers' compensation insurance, which is required in most states, provides compensation in these cases.
Cyber Liability Insurance: Protects your business against paying out of pocket for costs related to data breaches or other cyberattacks.
General Liability Insurance: This coverage is a standard part of any business insurance policy. It covers injuries and property damage sustained by third-parties while visiting your business. It also includes product liability insurance, which protects you if someone is harmed by your product.
Business Interruption Coverage: Or business income coverage, protects your earnings if your business is unable to operate because of damage caused by some type of disruption (fire, hail, wind, equipment breakdown). This coverage, normally included in commercial property insurance, is usually quite affordable and invaluable if you are forced to close your doors for a period of time in order to make repairs. It pays for rent, employee salaries, lost income, relocation fees and more.
Employment Practices Liability Insurance (EPLI): This insurance covers your business if it is sued for an illegal business practice, such as discrimination, harassment, wrongful termination or breach of contract.
Umbrella Insurance: Because insurance companies impose caps on the amount of liability insurance they are willing to provide, umbrella insurance may be necessary if you feel that you need extra liability coverage in order to adequately protect your business. Umbrella insurance takes over where your other liability coverage leaves off.