What Kind of Insurance Do Delivery Businesses Need?

​Delivery businesses have become an indispensable part of our community, as more and more customers opt for the convenience of door-to-door delivery service. It’s a booming service because it’s useful in so many industries, from retail to fast-food chains. You can even get your groceries delivered now, as well as life-saving medical supplies. Find out how this ubiquitous business can stay insured against the risks that this job poses.

Basic Insurance Policies Delivery Businesses Need
This list of plans are the kind that most business should possess, namely:

• General Liability Insurance: This policy is the first one you should get, as this can aid you in case of physical harm or property damage that occurs on the job. Coverage this policy provides include premises liability, products liability, and completed operations.  
• Business Owner’s Policy (BOP): A common issue with acquiring insurance is that the multitude of options can cause some confusion. The BOP solves this problem by providing a package of policies that are tailored to your business needs. Determine the most significant risks you face, and get an insurance bundle that includes coverage for things like data loss, employee injuries, damage to packaged content, etc.
• Cyber Liability Insurance: As more of our businesses become software-integrated, we need to ensure that we are safeguarded against threats online. Data loss and breaches can cause your business to lose a lot of profit and confidential information, which is why getting cyber liability insurance is a must. This policy takes care of the legal as well as financial expenses that result from cyber attacks.

Insurance That’s Specific For Delivery Businesses
Now that we’ve covered the standard policies your business needs, it’s time to go look into policies unique to your delivery business needs.

• Commercial Auto Insurance: A delivery service cannot exist without the use of vehicles. Whether your business’s mode of transportation is motorcycles or a fleet of delivery vans, these vehicles need to be insured against damages. Commercial auto insurance covers for road incidents your car could get into, such as collisions or package theft when making a stop.
• Equipment Breakdown Insurance: This policy covers repair costs in case one of your delivery trucks breaks down. This insurance plan ensures you get your vehicle fixed promptly to keep you from service delays or to lose any more business.
• Employee Dishonesty Coverage: Due to the nature of the delivery business, there will be fewer opportunities for you to supervise your employees during their shifts. This issue could lead to a higher incidence rate of employee crimes. Acquiring employee dishonesty coverage can help bear the losses that dishonest employees bring.

Operating a delivery service requires following rigid delivery schedules and ensuring the safety of packages. To help you achieve these goals while preparing for potential future losses, make sure your business is equipped with the right insurance policies from the right company.

At Black And Associates Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (509) 464-0058. Get your free quote today by CLICKING HERE.