Goods in Transit Insurance

FORS exclusive insurance partner- Protect your goods in transit from theft, loss or damage.

Goods in Transit Insurance, also know as GIT Insurance, or Marine Cargo Insurance, protects your goods in transit from theft, loss or damage and provides confidence in your delivery services. Cover items that your business moves from one location to another, knowing that you have support should your cargo come to any harm.

A policy can be taken out by either the owner of the goods or by a haulage business carrying the goods.

Access to a wide variety of insurers enuring all risks can be looked at
Award Winning In-House Claims Team
Lloyds of London Commercial Broker
Independent Broker Since 2001

WHAT WILL MARINE CARGO INSURANCE AND GOODS IN TRANSIT INSURANCE COVER?

Whether your goods are travelling via road, sea, rail, air or mail you can rely on SJL Insurance Services for quality and professional insurance services.

While it varies based on the cover you choose, goods in transit generally covers the following-

Theft: If the goods being transported are stolen during transit, the policy will cover the cost of the lost or stolen goods.

Damage: If the goods are damaged during transit due to accidents, natural disasters, or other reasons, the policy will cover the cost of repairs or replacement.

Delay: If there is a delay in the delivery of goods due to unforeseen circumstances, the policy will cover the cost of any losses incurred as a result of the delay. Goods in transit insurance policies typically address the coverage of items left in a vehicle overnight, emphasizing that coverage may be dependent on whether the vehicle is secure and locked.

Misdelivery: If the goods are delivered to the wrong location, the policy will cover the cost of recovering the goods and transporting them to the correct location. Goods in transit insurance primarily covers goods in transit, while pointing out the necessity of additional business contents insurance for stored items and the importance of reviewing policy documents for overnight storage coverage.

It is important to check individual policy terms for coverage on specific situations, like international transport and the security of goods when left unattended.

SJL Insurance Services cover global transporting by both third party couriers and business owned delivery. The insurance also extends to stopovers, exhibitions and goods held in third party premises whilst in transit.

DO I NEED MARINE CARGO INSURANCE AND GOODS IN TRANSIT INSURANCE?

Designed to protect the contents of your vehicles and your goods whilst being transported by others; this insurance is important for any companies that transport items or have items transported on their behalf. Most goods become the responsibility of the buyer when they leave the supplier so choosing the right haulier and having the right insurance is of high importance. Couriers and those in the delivery service have an added need to have the right insurance to protect their customers and themselves.

While goods in transit insurance is crucial, it’s also important to consider whether public liability cover is included or excluded. Although not legally required, many companies mandate public liability insurance to work as a courier, as it protects against potential injuries or damages caused to the public or their property.

If you are a Haulage company, you can find out more about insurance cover for your business on SJL Insurance Services Haulage Insurance services page.

WHAT IS INCLUDED WITHIN MARINE CARGO INSURANCE AND GOODS IN TRANSIT INSURANCE

Goods In Transit Insurance covers the goods when they are in the courier’s possession, on vehicles intended to transport the goods to a destination.

As a courier, this policy covers the goods only and not the vehicles and personnel involved. If you seek general courier insurance and are looking to cover the vehicles in use, check out Haulage Insurance, if you own multiple vehicles and operate a fleet, you may also be interested in our Fleet Insurance. Additionally, courier van insurance is a necessary coverage for businesses operating courier services. This insurance safeguards the vehicle and is a legal requirement.

At SJL Insurance Services you also get an in-house claims manager, from our award winning clams team, meaning you have peace of mind if a claim is to arise.

HOW MUCH DOES MARINE CARGO INSURANCE AND GOODS IN TRANSIT INSURANCE COST?

Goods In Transit cover costs vary due to the many factors at play, such as what the goods are, the value of the goods being transported and the location to which the goods are being transported to. SJL Insurance Services offer bespoke, tailor-made policies based on what your individual business needs.

It is important for businesses that transport items from one location to another to obtain transit insurance quotes. There needs to be an understanding of the coverage provided against potential claims for damage, theft, or loss of goods during transit, ensuring the protection of business interests.

Receive your free SJL Insurance Services, no obligation quote and protect your business today.

WHY CHOOSE SJL INSURANCE SERVICES FOR MARINE CARGO INSURANCE AND GOODS IN TRANSIT INSURANCE?

SJL is one of the largest independently owned, Lloyds registered insurance brokers in the UK. Our experience in the market means we can find cover for every type of risk, and our awards winning claims team can provide the support needed when the worst does happen. You couldn’t be in safer hands.

A goods in transit insurance policy offers essential protection against theft, loss, and damage during transit, making it crucial for businesses and individuals involved in the transportation of goods.

Goods in Transit Insurance FAQs

Does the policy cover all forms of transport?

Yes, a goods in transit policy can cover all forms of transport, from vans and heavy goods vehicles, to sea and air transport, within the UK and Worldwide

What is the difference between marine cargo and goods in transit insurance?

Typically Goods in Transit insurance refers to inland transit within the UK via logistics or courier firms, with Marine Cargo often referring to international transportation. Either term can be used however!

Can the owner take out the policy?

Absolutely. The nature of the contract with your end client and/or logistics company can define who has responsibility to insure the goods, and the owner can certainly source this cover.

Can the courier take out the policy?

Absolutely, we always recommend updating your broker or insurer when any changes occur in your requirements to ensure cover is still in place.

Do I need both goods in transit and public liability insurance

If you are a courier service or delivering your own goods, you will most likely require both goods in transit and public liability insurance.

Is goods in transit insurance a legal requirement?

While goods in transit insurance is not a legal requirement, if you are a courier companies may insist you have cover in place if you are to courier their goods.

Can’t find an answer?

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