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