In the United Kingdom many companies are now utilizing van couriers to conduct business. Both public and private companies are required by law to carry insurance for their transit vehicles and drivers. This is called Transit Van Insurance. This is because these companies are dealing with a third party and are required to have liability insurance.
All commercial vans are required to be covered by some form of this insurance. This insurance can be used to cover either individual single vans or a whole fleet of them. However that will raise the cost of the insurance.
Transit Insurance comes with many options for those who are looking into it. This happens to be the lowest rate of van coverage so finding an insurance policy that suits your financial needs will be rather simple. This coverage protects you against liability and covers damages that can be inflicted to a third party while on the road during your business hours or while conducting business. However bear in mind that this insurance policy does not cover damages made to your vehicle due to an accident.
This form of transit van liability insurance is comprehensive and covers a lot of basic necessities which are needed for insurance coverage. Under this policy you will find yourself covered for damages that are done or inflicted to a third party, fire, theft, vandalism and even for a higher rate of pay you can gain insurance to protect you against the damages done to your own vehicle in the event of an accident.
In most accident cases, damages can cost lots of money which some companies do not have to spare. This would mean that an unprotected company would almost surely go bankrupt without some form of transit van insurance. So if your company uses transit vans on a regular basis, having this insurance will be money well spent.