Things to Look for When Choosing Car Insurance for Delivery Drivers | Upcover
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64% of Australian drivers have been involved in at least one car accident.
Accidents happen. It’s a fact. And the more you’re on the road, the higher the risk of being involved in one.
Now, if you’re considering working for a delivery company, you might think that all you need to do is submit your application, download the app and start carrying food or goods. Well, you’d be forgetting a crucial step; researching and purchasing the right insurance policy to cover your new business or side hustle.
Delivering food or goods in exchange for money without adequate coverage could see your claim refused in the event of a car accident. And this could cost you thousands of dollars, if not more!
So, whether you drive for a food delivery company such as FedEx, Amazon, Uber Eats, or Menulog or run a business involving delivering goods or food, which involves managing your own drivers, purchasing delivery driver insurance is critical in your line of work.
Wondering what the best delivery insurance is for you?
Here are some tips on choosing the right delivery insurance to cover your needs.
What Is Delivery Driver Insurance and Why Do You Need It?
Delivery driver insurance is a specific type of commercial vehicle policy that delivery drivers need to purchase if they want to be covered while on the road.
Whether you want to become a courier for FedEx, start delivering goods for Amazon or bring people their food orders with Uber Eats, you need to purchase delivery insurance to be covered in case you’re involved in a car accident.
From medical and legal expenses to car repair costs and loss of income after an accident, the right delivery driver insurance policy will help you cope with the accident and ensure you can get back on the road as soon as possible.
Now, you might be wondering why you need delivery driver insurance if you already have personal car insurance and are only delivering goods or food a few times a month as a side hustle.
Well, the answer is that if you’re involved in a car accident while driving your vehicle for business purposes, your personal car insurance won’t cover you. And this means you could be left with thousands of dollars to pay for medical, legal, and car repair expenses.
What To Look For When Shopping For Commercial Car Insurance?
Now that we’ve established that if you’re delivering something for monetary gain, you need delivery insurance, here are some factors to consider when choosing your policy:
Type Of Insurance
The great thing about commercial insurance policies is that they can be tailored to your specific needs and budget. As a base, commercial vehicle policies generally include collision and liability insurance. Yet, you can purchase add-ons such as cover for loss of income following an injury or medical expenses incurred by an accident.
So, when discussing with different insurance companies, make sure to ask for all of the options available to you and choose the right coverage based on your needs.
Depending on the state you operate in and the platform or company you work for, car insurance requirements might vary. However, you’ll always be required to have liability coverage. You might also want to consider add-ons such as uninsured motorist coverage. This type of policy will cover you if you’re involved in a car accident with a driver who isn’t insured and who is 100% at fault.
Some platforms and companies might offer their own car insurance. Now, you might think you’re all set if you purchase their insurance.
However, this couldn’t be further from the truth. While some of these policies might cover you in specific situations, you might still have to pay a gap in other instances.
For example, let’s say that you work for an electronic company that delivers products in your town. The company’s car insurance might cover you for any accident that happens while you’re delivering the goods to customers but not while driving back to the warehouse to pick up a new order. That’s why it’s extremely important to thoroughly review what your current car insurance covers and purchase an additional commercial policy to cover any gap.
After all, you’re on the road a lot, and you need to be safe while on the job!
Your commercial policy won’t be the same whether you transport hazardous chemicals or food. The level of risk involved will influence your type of coverage and, of course, the premiums you’ll have to pay. Besides, driving a small vehicle won’t command the same car insurance cost as driving a large vehicle such as a truck.
Now, when we say price, we don’t mean that you need to find the cheapest coverage possible. But you should always compare different policies and prices before making a decision. The best delivery driver insurance provides comprehensive coverage options, affordable premiums, and high policy limits.
Now, remember; even though your commercial vehicle policy might seem a bit expensive, you’ll be spending so much time on the road that it’s well worth it!
Additional Tips When Seeking Commercial Car Insurance
Always Read The Fine Print
Just like with anything in life, be wary of alluring offers. When something is too good to be true, that’s because it often is!
So, whenever an insurer provides you with a rate, make sure to review what this rate covers in detail and read the fine print. Take a look at each policy's premiums, deductibles, and benefits and make a decision based on these factors.
Inform Your Insurance Company Immediately
As soon as you decide to use your personal vehicle for business purposes, it’s important to contact your insurer and let them know. And you should do so even if the company you work with provides car insurance.
As mentioned before, there might be some coverage gaps in your existing policy, and you need to discuss them with your insurer to ensure you have the right insurance coverage.
Note that if you don’t contact your insurer and you’re involved in a car accident, your claim might be refused, and you might be liable.
If you aren’t insured yet or aren’t convinced that your current car insurance is the best option for you, now is a good time to review your car insurance policy and chat with other insurance companies.
At upcover, we’re committed to protecting freelancers and independent contractors, including delivery drivers like you, from a wide range of risks related to their industry. We specialise in insuring small entrepreneurs, and as such, we know how devastating the consequences of a car accident can be for you and your business. That’s why our products are highly tailored to the specific needs of small business owners and independent contractors.
So, if you’d like to discuss your projects, current business, or side hustle and get some advice, don’t hesitate to get in touch. We’d love to help!