Haulage Insurance
Haulage Insurance
Competitive Cover Backed By ‘Exceptional’ Service
Want to save money on your haulage insurance? Let the truck insurance specialists at Coversure Hull compare our markets to find you the haulage insurance that’s right for your business. Call us today on 0800 977 6037 and let our award-winning team of HGV insurance specialists help you.
Haulage insurance backed by ‘Exceptional’ service
Our award-wining team is rated as ‘Exceptional’ by feefo and with over 50 years of truck and haulage insurance experience, you can rest assured you’re in safe hands. Being independent we can put your needs first, and we’ll compare the market to find you great cover for a great value premium. To find out more, call us free on 0800 977 6037 or start your haulage insurance quote today.
What is haulage insurance?
Haulage insurance, or hauliers’ liability insurance as it’s also known, is for road transport businesses and haulage contractors who move large volumes of other people’s goods to one or two destinations for money. It can not only cover goods while they are being moved, but while they are in your care, custody, and control.
Owing to the nature of haulage services and the significant amount of goods they move; goods are often one of an operator’s greatest risks. Haulage Insurance therefore protects owners against threats such as theft, accident, loss and damage while they are being moved.
Which businesses need haulage insurance?
If your business moves large volumes of other people’s goods using trucks or heavy goods vehicles then it would be sensible to get a haulage insurance quote. Given it protects goods that are being moved to one or two destinations, it’s ideally suited to:
- Haulage firms
- Removals businesses
- Freight forwarders
- Businesses delivering customers’ good
- Owner-operator truck drivers
What does haulage insurance cover?
Haulage insurance can protect your cargo and your business against several risks. We can offer cover for any type of goods being carried and handled, and a policy can cover risks such as:
- Loss of goods – if you accidentally lose some or all the cargo you’re carrying, haulage insurance will cover the loss up to the limit set in your policy
- Damage to goods – if your cargo is damaged while being moved, then your policy can cover the cost of replacing the damaged goods. This covers breakage, water damage or damaged packaging
- Theft – truck-related thefts are on the rise* in the UK with HGVs being targets for thieves. If you’re a victim, then the theft element of your haulage insurance will cover any losses
- Hauliers’ liability insurance – is one of the most important elements of a haulage insurance policy. Hauliers’ liability cover can give you two forms of liability insurance protection:
- Public liability insurance - if you or one of your drivers is responsible for accidentally causing injury or damaging the property of a member of the public and they decide to take legal action against you, it will help with the costs of mounting a defence and paying any compensation awards
- Employers’ liability insurance - EL insurance as it’s also known – protects haulage businesses from compensation claims from their employees should they be sued by staff for loss or injury at work. If you have any employees, be they full-time, part-time, or contracted, then having EL insurance of at least £5m is a legal requirement. Owing to the hazardous nature of the haulage industry, many hauliers take out cover with limits of £10m. The health and safety of your employees are essential, and you are legally required to uphold that responsibility from incidents such as:
- Someone having an accident at work
- A member of staff developing a medical condition owing to their job
- One of your team having their property damaged while at work
- Public liability insurance - if you or one of your drivers is responsible for accidentally causing injury or damaging the property of a member of the public and they decide to take legal action against you, it will help with the costs of mounting a defence and paying any compensation awards
- Personal effects insurance – you or your drivers are likely to have personal effects in their cab. Personal effects insurance provides financial protection if any of these things are stolen or damaged while on a job
- EU cover – if your business does European runs, then you can have your haulage insurance cover you for these foreign trips
- Contingency insurance for subcontractors – also known as contingent public liability insurance, this covers you should a subcontractor be held liable for damage or injury and their insurance fails to pay out. It protects you when another’s policy has been invalidated
- All-risks haulage insurance – covers a wide range of risks and equipment, including cover for third-party trailers and containers of up to £75,000
How much does haulage insurance cost?
At Coversure Hull we don’t believe in one-size-fits-all solutions – particularly when it comes to policies that are as complicated as haulage insurance. Instead, we’ll get to know your business’s needs and create a package of cover that fits your requirements. What we can say is that your haulage insurance quote will be based on things like:
- The value of the goods you're carrying
- The routes you are working
- Your claims history
- Whether you want to pay monthly or annually – annually will usually be cheaper
- Your no-claims bonus
- The turnover of your business
- The length of the runs you’re doing
- The type of goods you are carrying – hazardous goods will push up your premiums
- Your business’s postcode
- If you have any employees
To get the haulage insurance that’s right for your business, please call us free on 0800 977 6037. We’ll get to know your needs before comparing our markets to find you a great haulage insurance quote.
How to get cheaper haulage insurance
There are a few simple ways you can potentially get cheaper haulage insurance, including:
- Complete a risk assessment with us and see where you can save money – reducing policy limits and unnecessary policy options can mean cheaper cover
- Renew early – get in touch with your broker nice and early and so give them time to compare their markets to find you great cover for a great price
- Make sure you have accurate valuations of the goods you're carrying or else you could end up paying more
- Set a higher excess, the amount you pay in the event of a claim – this will also reduce the chance of you making small claims that will affect your no-claims discount
- Build up your no-claims bonus – these days you can get as much as nine years no-claims discount
- Get a haulage fleet insurance quote – if you have several trucks in need of cover, then a haulage fleet insurance quote can give you cheaper per-truck cover and less admin
Haulage insurance FAQ
Haulage insurance is a complex area of cover and it’s important to get it right. To help you get the haulage insurance that’s right for you, here are our haulage insurance frequently asked questions. We hope they will prove helpful, but if you’d like to get some independent advice, then please call us free on 0800 977 6037. Our team of truck insurance specialists will be happy to talk you through the options to ensure you get the protection that’s right for you. You may also want to read our truck insurance guide.
Q. Is haulage insurance a legal requirement?
A. No, but some customers may want you to have it in place
Q. Is haulage insurance only for hauliers?
A. No, it’s suitable for anyone who is moving large amounts of other people’s goods for money to one or two destinations such as logistics, removals, certain types of delivery companies and driver-operators
Q. What’s the difference between haulage insurance and courier insurance?A. Couriers usually complete multiple drop-offs or collections whereas a haulage service will usually have one single load to collect or deliver. Haulage insurance is also aimed at drivers using trucks or HGVs, though we can offer van haulage insurance too
Q. Does haulage insurance insure my truck?
A. No, you'll need a truck insurance policy too. If you take out haulage insurance on an all-risks basis, it can cover things like trailers though
Q. Are there any policy exclusions to haulage insurance?
A. Yes, typical ones include specific cargo such as human organs, livestock, explosives, or other high-risk items. Claims may also be refused on the grounds of:
- Poor/defective packaging
- Shortage in weight
- Thefts from unlocked, unattended vehicles
- Damage that derives from dangerous driving
- Confiscation by the police/authoritie
Q. Are goods left in the truck overnight covered?
A. Yes, so long as the truck is locked and parked in a secure place. This is part of the care and custody element of the policy
Q. Is haulage insurance the same as hire and reward delivery insurance?
A. No, haulage insurance is only suitable if you're covering long distances making one or two deliveries, like an HGV driver travelling across the UK or Europe
Q. How can I get a haulage insurance quote?
A. Getting a haulage insurance quote from us is easy. You can call us on 0800 977 6037 or get your haulage insurance quote here. Thanks to our wide range of truck insurance providers, we can compare our markets to find you the cover you need at a premium you’ll like.
Get a haulage insurance quote
If you'd like some haulage insurance help or a haulage insurance quote or call us on 0800 977 6037. We can give you all the advice you need and can compare our markets to find you the cover you require.
