If you have ever started a business from scratch, or are running a business, you will know that the range and type of tasks you undertake are never-ending. If you used to work for a larger company, everything seemed to be taken care of. You always had someone you could ask, or go through a procurement process to order whatever product or service you wanted.
However, you realise there is more to life and decide to go on your own. Having done this personally, there is nothing more liberating and it is worthwhile to be your own boss.
One of the many things you will need to do at the start, is to get yourself a small business insurance quote, if you are happy with this, it will then progress into a policy that will provide vital protection for your business.
Going back to all of the tasks that you undertake, one of these will be collection and delivery of stock and products you have supplied or manufactured. As you start and grow, it is unlikely that you will use a third party courier to do this for you. So, you will use your own car or van. If any of your stock is stolen or the vehicle is involved in an accident and the stock is damaged, then you will be out of pocket.
This is where you need to make sure that the business insurance policy that you get, includes cover for goods in transit. Many policies do, with a standard limit of £2,000, which can of course be increased if required.
The good thing is, that you do not need to specify the vehicle or the registration. As long as the vehicle is one that is used by employees, partners, owners or directors, then you will be covered. Watch out for the excess, anything more than £250 is too high and also check any terms regarding losses in unattended vehicles overnight.