Hire and Reward insurance is a class of insurance that allows you to legally carry other people’s goods in return for payment. Van insurance with hire and reward cover is essential for couriers, hauliers, taxi drivers, furniture removers, and anyone who carries people or the property of others in exchange for a fee.

Indeed, having Hire and Reward Insurance is vital for people in the transportation industry, as you will not be covered in the case of a claim if you are involved in an accident during your work. More importantly, hire and reward courier insurance is a legal requirement, and you will be charged with an offence if you do not have Hire and Reward while working as a courier or haulier.

However, even if you only carry goods you own as part of your job, you will still require business-specific hire and reward van insurance. This class of insurance is called Carriage of Own Goods. This is different from courier transit insurance and is essential for those who use their vehicles to carry their tools, equipment and materials, as may be the case for builders, electricians and gardeners.

Carriage of Own Goods and Hire and Reward Insurance will cost more than the most basic courier insurance policies. Insurers, unfortunately, view those who use their cars for business and pleasure as a greater risk, but ensuring that you have cover for hire and reward purposes is important if you take goods from one place to another.

That being said, Insurance Revolution specialises in the courier insurance sector of the wider market, which allows us to find competitive rates for our customers where other brokers can’t. While we can’t promise that we’ll be able to find you a cheap courier transit insurance policy, we’ll do everything we can to find you the right level of hire and reward courier insurance to suit your needs.

If you’d like to learn more and possibly request a quote, please ensure to visit our Courier Insurance and Van Insurance pages for more information. Our team will do everything they can to find you courier or van insurance with hire and reward cover, so you can drive and deliver with confidence and peace of mind.