Hire and Reward Insurance

From delivering packages to house removals, compare hire and reward insurance quotes to see if you can save.

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What is hire and reward insurance?

If you use your car or van for commercial purposes, it is likely you’ll need hire and reward insurance. Hire and reward policies offer a specialist type of cover and are a legal requirement for anyone who uses their vehicle to drive people or goods for work.

It’s important to note that a standard commute to work doesn’t require specialist insurance, as your car insurance policy usually covers that. If you’re moving people or goods for a fee, however, you’ll need to buy hire and reward cover.

Hire and reward insurance is typically broken down into three categories: courier, taxi drivers and chauffeurs and food delivery

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Quote Goat helps thousands of customers each year to compare quotes from a panel of leading insurance providers using just one short form.

Our service is completely free for our users and we are 100% impartial. To get started, enter your details into our quote form to see how much you could save on your hire & reward insurance.

As well being able to compare quotes for hire & reward insurance, you can discuss your exact requirements with a specialist broker to receive tailored quotes and gain advice on exactly what type of cover you would require.

Who Is Hire and Reward Insurance For?

Hire & Reward Insurance is important for anyone that carries/transports other people’s goods in return for payment. Without it you could be liable for the cost of replacing your customer’s good should anything happen, e.g. damage or theft.

Businesses that typically purchase hire & reward insurance include:

  • Taxis/Chauffeurs/Private Hire
  • Couriers
  • Haulers
  • Removals, and many more

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Frequently Asked Questions

Is it a legal requirement to have hire and reward insurance?

Yes, it’s a legal requirement for drivers carrying people or property for a fee to have hire and reward, or courier insurance. You can buy a normal car or van insurance policy, then ‘top up’ with hire and reward cover, or you can buy a fully comprehensive hire and reward insurance policy.

What type of insurance do I need to deliver food?

To deliver food via motorised vehicle in the UK, you must have hire and reward insurance. If you’re delivering food by bicycle, you don’t legally need any form of insurance, but it’s always a good idea!

Will my employer buy my hire and reward insurance for me?

This comes down entirely to each employer and your contract with them. If you’re freelance or a sole trader, it’s likely you’ll need to sort out your own insurance, however, it’s worth asking your employer before you buy a policy.

How much does it cost?

Policy prices are calculated using a multitude of factors including age, location, work-type, vehicle type and more. Therefore, the best way to get an accurate understanding of cost is to submit the quote form and get a no-obligation quote.

How can I make a claim?

Please contact your insurance provider if you need to make a claim or have any questions about your policy.

Can cover be paid for on a monthly basis?

Yes. Although monthly payments end up being more costly compared to annual payments which do not include interest charges.

Is there a minimum age?

Whilst many insurance providers have age limits of 21 or even 25, there are others that can provide cover for people under 21.

Written By Michael Foote, Insurance & Finance Expert

Michael Foote is the founder of Quote Goat with over 13 years of experience in finance, insurance, and currency sectors. Since launching Quote Goat, he has appeared on TV and in major online publications, including Forbes, The Telegraph, and The Metro. Prior to Quote Goat, he worked for firms such as HSBC.