There are many risks associated in running a courier company. While it can be seen as beneficial in that the courier business owner can expect to make substantial profit without investing too much money, there are also great dangers and risks involved.
The kind of risks we are talking about are everyday dangers such as accidental damage to goods and theft. You can imagine the most prominent of these would be facing the risk of goods getting damaged while in transit. If no provisions are being made to guard against these risks, then you can be sure that the courier company will be facing some serious losses that may even lead to insolvency.
To guard against any such risks, courier companies should take out an insurance policy that will suit their needs down to the ground. There are several companies that would offer cheap courier insurance services but the owner of a courier company needs to ensure that all their bases are covered in the event of valuable cargo going missing.
Source: https://www.entrepreneurshipsecret.com/getting-the-best-courier-insurance-coverage/