Goods in Transit Insurance

If you’re involved in the carrying of cargo – whether that’s as a courier, haulier, a removal company or are simply transporting your own products around – then goods in transit insurance (also known as GiT cover) can help protect you when on the move.

A goods in transit policy could be the difference between your business flourishing or closing.

If deliveries are your business – be it as a courier or a haulier – you’ll find many customers will expect you to have sufficient GiT insurance in place before they will work with you. Having it gives them the reassurance that while their loads are out of their sight, they are protected from financial loss.

What to Look for in a Goods in Transit Policy?

When looking for cover, you’ll want to make sure that it includes:

• Loss of goods – if you happen to lose an item, whether that’s a parcel or a document, whilst making your rounds then this will assist with the costs of compensating your customer for losing their package. You are often able to set specific limits for levels of this, so make sure to discuss this with your broker to ensure you’re only paying for a level of cover that suits your needs. Bear in mind, this will only be for the goods whilst they are being transported
• Damage – if while in your care, a package gets damaged and your customer claims against you for this, GiT cover will protect you from the financial implications. This doesn’t just apply to fragile and esy to break packages, it can protect you against things like water-damage to documents or damaged boxes that could prevent the end user from returning them
• Theft – it will also protect your cargo if it is stolen whilst in your vehicle. With vehicle-related thefts on the rise and hauliers targets for thieves due to the fact they have potentially valuable packages in their vehicles, this is a wise cover for couriers and those in the haulage industry. Are you a long-distance driver who may need to take breaks? Then ensure your policy protects your loads during overnight parking or periods where you are not in your vehicle
• Personal effects – of course, you’ll likely have other objects in the vehicle that aren’t cargo for customers. Personal effects cover provides financial protection if any of your own things are stolen or damaged whilst driving. Particularly useful for long-distance drivers who need home-comforts for their journeys, this cover can protect your personal devices so you’re not left footing the bill should something go wrong

UK, EU and worldwide protection – does your courier job require you to leave the country with loads? A goods in transit policy from Coversure can protect it and your personal effects whether you’re in the UK, Europe or elsewhere around the world.