What is Goods in Transit Insurance?
Insurance for Goods in Transit covers the actual items being transported. It protects you if those items are lost, damaged or stolen while they’re in transit from one place to another. It will also protect you from the consequences of delay.
Goods in Transit Insurance is often bought as a standalone product alongside Motor Insurance for the vehicle and Public Liability Insurance.
Anything could go wrong during transportation, including fire, collision or theft. Should something happen to the goods in your possession, could you personally afford to replace them?
Imagine your vehicle’s refrigeration equipment fails, causing the goods being transported to perish. Without Goods in Transit Insurance you will be responsible for the financial loss.
What else should I consider when buying Goods in Transit Insurance?
The range and levels of cover you need will depend on a number of factors, including what sort of goods you are transporting, the value of those goods, and where you operate.
You could run a food and beverage delivery service where liabilities around food are a priority. If you operate a haulage firm, we understand you’re often working with high volume, high value loads. Haulage Goods in Transit Insurance will ensure you’re protected should something go wrong while the goods are in transit. These aspects can all be tailored around your business.
In addition to this, you will need to consider the more standard covers that many businesses need, such as Public Liability Insurance and Employers’ Liability Insurance, as well as protection for your premises and contents, and business interruption.