Our range of Goods In Transit Insurance protects you for the goods/stock against loss or damage whilst in transit in your own vehicles or the company transporting them.
If you drive a van or truck and get paid to deliver personal goods, materials or cargo, you will likely need Goods in Transit Insurance.
In the event that the goods you are carrying are damaged or stolen, you want to have the right cover in place to protect your business and income. In many cases, if you courier items for other companies and clients, your standard van insurance will not provide sufficient cover for the damages to other peoples’ goods. This is why you will need Goods in Transit protection, which can be taken out as a completely separate policy on its own.
The level of cover you need depends on your needs, the type of goods you are carrying and your customers requirements for the job. Typically they fall into three product categories:
- Liability under Road haulage conditions or any other contract conditions
- Liability under the CMR Convention for goods moving internationally
- Full cover for the total value of any load
All Transit policies will cover you for:
- Legal costs in respect of any claim made against you
- Your own goods/assets such as tarpaulins, ropes and sheets
- Debris removal, site clearance, transshipment and reloading costs
- Loss or damage by third party containers or flats
- Personal effects of the driver
- Consequential or indirect loss suffered by the consignee or consignor
- Common law liability if the contract conditions are set aside
Depending on the nature of your work, additional cover can be provided for a variety of risks including:
- Deterioration of chilled or frozen goods
- Loss of Use
- Tarmac hardening
- Household removals
- Warehousing
We will work with you to try and make your policy as competitive and explain why the premium is what it is, and what you could do to reduce your premium. For example:
- The premium you pay will largely depend on the size and condition of your vehicle and the quantity and type of goods that you transport.
- If you transport a lot of expensive items on a regular basis, this may increase the cost of your premium.
- Your mileage will always be taken into consideration as those that do the most miles are always considered at a higher risk of being in an accident because they courier more goods and have to meet deadlines.
- One method of potentially reducing your premium is to make sure your vehicle has strong security features in place to limit potential theft.
- Another method of reducing your premium is to choose to pay a higher excess.
- Potential no claims discount on renewal premium
- Risk Management support
- Flexible payment options (12 monthly if required)
If you talk to us about your current arrangements we will be able to advise you of your best course of action.
Call us on 01772 752055
We can take your details and basic information and call you back to discuss next steps and likely premiums. Policy not due yet? Register your interest and we’ll contact you nearer to your renewal.