Goods in Transit

Goods in Transit insurance policy is a simple mode of covering the risk of business goods or personal belongings of the insured. The cover for shipping and transit risks evolved over the centuries to become one of the most precisely defined and documented risk cover.

Goods in transit insurance provides cover for the goods being transported in your vehicle, safeguarding them against potential loss or damage during transit from one location to another. Whether it’s delivering products to customers or transporting tools and equipment, this specialised insurance coverage acts as a financial shield, offering protection against potential losses, damages, and theft during the transit process.

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“Whatever your journey or cargo looks like, we’ll help you make sure it’s well supported, not just for your obligations to ensure third party goods arrive intact, but also cover your own equipment and contents as well with extended cover options.”

Several factors influence the cost of goods in transit insurance including:

  • The type of goods being transported

  • The value of the goods that you transport

  • How much cargo you transport

  • The mode of transportation

  • The distance of the journey

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Covers Included

Insured property is covered for:

  • theft and malicious damage following violent or forcible entry

  • goods in storage whilst in the ordinary course of transit (i.e. before goods have reached the final destination)

  • accidental damage to goods ,

  • including loading and unloading

  • certain unexplained non-delivery may be covered, depending on the circumstances

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Covers Excluded

  • theft from unattended vehicle if the goods are conveyed by individual via ship, rail, air (including cargo hold or cabin luggage) or motor vehicle

  • costs involved in repeating work undertaken to collect/produce the property

  • consequential loss, i.e. normal wear and tear, and gradual deterioration

  • accidental damage to goods if the item was in use at the time of the loss* (see note below)

  • installation cover, including losses and costs arising as a result of dismantling and reassembling equipment as well as packaging etc. for the purpose of transporting it

  • loss, damage or expense proximately caused by delay, whether the delay is caused by a risk insured against or not

  • loss or damage to goods arising from negligent or wilful misuse

  • loss or damage to goods arising from breakdown of refrigeration equipment or ordinary leakage

  • loss or damage to goods as a result of insufficient or unsuitable packing

  • mechanical and/or electrical and/or electromagnetic derangement unless caused by a risk insured against

  • loss or damage to goods if transit is undertaken by non-approved operator, i.e. not holding a valid safety and security certificate