Temporary Hire and
Reward Insurance
Pay As You Go Van Cover for Couriers
Temporary Hire and
Reward Insurance
Pay As You Go Van Cover for Couriers
Get Hire & Reward Van Cover Fast
PAYG cover from 1 hour to 28 days
Why compare temporary hire and reward insurance with MultiQuoteTime.co.uk?
If you work in hire and reward getting the right insurance shouldn’t slow you down. The problem is, most policies lock you into an annual commitment, even when your work is anything but predictable. Pay as you go hire and reward insurance presents a flexible and fast option, giving you the cover you need without the long-term tie-in.
That’s why MultiQuoteTime has partnered with GoShorty to offer pay-as-you-go hire and reward van insurance. You can get comprehensive cover from just 1 hour up to 28 days, perfect for picking up extra shifts, covering busy periods, or getting insured while you figure out whether courier work is right for you
What is temporary hire and reward insurance?
Temporary Hire and reward insurance provides you with insurance required to provide a service using your van in return for a reward. The reward does not have to be money, for example it can be a benefit in kind. Cover runs from as little as 1 hour up to 28 days, so you only pay for the time you actually need
For couriers, having the right type of hire and reward insurance for your van is essential to ensure you, your vehicle, and your business are properly protected. This style of insurance is used for those in the courier businesses where they are paid to take a package, food items or a person from one location to its destination.
Hire and reward insurance covers any service that a vehicle is used, resulting in a reward. If you ferry passengers for reward as an Uber driver, you will need Uber insurance, which is a form of private hire insurance. If you are or intend to use your car for such purpose, you will need a hire and reward car insurance policy.
Types of Hire and Reward insurance
Hire and reward insurance will normally fall into one of the following categories:
- Private hire insurance / Uber drivers
- Food delivery
- Couriers
Is Hire & Reward Insurance a Legal Requirement in the United Kingdom?
Hire and reward insurance is a legal requirement if you are transporting goods or passengers for a reward, normally a payment. The panel of UK brokers can provide hire and reward insurance quotes for a wide range of vehicles and professions. We have listed a few examples of professions and vehicles below.
- Haulers
- Minicabs, Taxi Drivers and Chauffeurs
- Couriers
- Furniture Movers
- Towing services
Why is Hire and Reward Van Insurance Expensive?
Hire and reward van insurance tends to be more expensive than standard car or van insurance. The key reason is that the use poses additional risk to the insurance company. Accidents are more likely given the nature of the job, constantly on the road working to a tight delivery schedule. Consider the following:
- Some drivers are running against the clock and must make delivers regardless of prevailing weather conditions.
- Food delivery drivers are constantly checking their app for directions, and often the direction take them down roads that are new to them.
- Hire and reward drivers are on the road all day, making multiple stops.
All these factors lead to a higher risk profile in terms of insurance, which is reflected in a higher premium. Some brokers will not even offer cover to young and inexperienced drivers. In summary, deliver drivers need a specialist cover that recognises and takes into account that they are in a higher risk category than normal social or business drivers.
What is the Difference between Haulage and Courier Insurance?
If you are using your van to delivery goods, you will need courier insurance. Haulage insurance is the traditional type of insurance that you would associate with larger trucks that move a shipment of goods from A to B. The destination is not always clear-cut, but the broker can advise based on the information that you provide.
- Courier : Tailored to a delivery service with multiple drops during the working day.
- Haulage : Aimed at larger HGV that make one or two deliveries over a larger distance. Live stock hauliers being a good example.
How To Get Cheaper Hire And Reward Insurance
Be Proactive
Consider taking action to find cheaper Hire & Reward insurance.
Reducing the policy premium is possible if you can reduce the risk that you pose to the broker. We have listed some areas that action can be taken to get a cheaper hire and reward insurance quote.
How much does hire and reward insurance cost?
The cost of hire and reward insurance in the United Kingdom will be based on a number of factors that will vary for each individual or business, as such it is difficult to give an exact figure, but expect to pay more than you would for business use car or van insurance to cover additional risk.
The key factors that go towards calculating the insurance costs include the type of vehicle and insurance bracket. What goods are being couriered in terms of increased risk to the insurance company. The driver’s experience and claims history will also play an important factor in arriving a t a final premium costs. The type of cover will also impact the costs, traditional full comprehensive cover is the most expensive, but third party cover prices have been increasing as insurance companies are finding the number of claims was proportionally higher with this lower level of cover
How Much Does Temporary Hire and Reward Insurance Cost?
The cost of temporary hire and reward van insurance depends on several factors including how long you need cover, your age, driving history, and the value of your van. To give you a rough idea of what to expect, here’s what temporary van insurance starts from through GoShorty:
| Duration | From |
|---|---|
| 1 hour | £17.64 |
| 1 day | £22.54 |
| 2 days | £30.78 |
| 3 days | £35.73 |
| 1 week | £58.88 |
| 2 weeks | £68.27 |
| 4 weeks | £160.61 |
Prices shown are based on the lowest sold prices and are for standard temporary van insurance. Hire and reward cover typically costs more due to the additional risk involved in carrying goods for payment.
Because you’re covered for commercial delivery work, expect to pay a premium above standard van rates. That said, the pay-as-you-go model can still work out significantly cheaper than being locked into an annual hire and reward policy — especially if you only do delivery work part-time or during busy periods like Christmas and Black Friday.
The quickest way to find your exact price is to enter your reg above — you’ll have a quote in under two minutes.
Helpful Links
BIB: The British Insurance Brokers’ Association is the UK’s leading general insurance intermediary organisation
Temporary Hire and Reward Insurance Frequently asked questions
Temporary Car Insurance Providers
MultiQuoteTime have partnered with GoShorty to help you obtain Temporary Car Insurance. GoShorty is a trading style of Complex to Clear Group Limited registered in England and Wales and authorised and regulated by the Financial Conduct Authority (FRN.751221). Company Registration Number 05044963. Data Protection Registration ZA456686.