What is goods in transit insurance?
Goods in transit insurance protects you from the costs of any goods that you carry as part of your business activities being lost, stolen or damaged.
If you are a business transporting your own goods or materials, we can help you choose the right level of cover to ensure that should the worse happen to them, the cost of replacement can be covered.
Similarly, if you run a courier or haulage business, carrying goods on behalf of your customers, it’s likely that your customer will require that you have insurance in place. It will probably be a contractual obligation. As a specialist goods in transit insurance broker, we will take the time to understand your needs before recommending the cover would be most suitable for your needs.
What should I consider when buying Goods in Transit Insurance?
As an established, independent insurance broker, the ISIS team will take time to understand your business. We will be able to recommend what levels of cover could be most appropriate. We have access to a range of policies from a number of leading UK Insurers, meaning we can arrange cover that suits your business needs.
There are a number of considerations that typically impact on the cost of a goods in transit insurance policy, including (but not limited to):
- Whether the goods are your own or a customers.
- The value of the goods that you’re transporting.
- Any contractual requirements for the goods you are carrying.
- Whether you operate exclusively in the UK or Europe.
- The number of goods carrying vehicles that you operate.
- The type of goods you carry – do you carry hazardous goods or thief attractive cargo?
Insurers attitudes to the risks involved with goods in transit insurance vary significantly and our role is to ensure that your insurance cover provides you with the protection that you need.