What Is Goods In Transit Insurance?
Goods in transit insurance covers any products you may be transporting against loss, damage, and theft. Unexpected damages can arise during shipment, from rough handling to robberies, and insuring your goods in transit can provide compensation if the worst should happen.
If your business regularly moves items or stock from one site to another, goods in transit insurance could be right for you. Standard car and van insurance won’t cover any items carried unless they are personal belongings, so invest in specialist cover to protect against losses and unforeseen events.
Who Needs Goods In Transit Insurance?
If your business regularly transports materials, packages, or stock around the country (or the world), insuring your goods in transit can be incredibly useful. Without it, if your stock is damaged or stolen en route, even in circumstances out of your control, you may still have to pay for all the damages incurred.
Plus, your business may be interrupted as you source new or alternative stock, causing lost profits or delays. Specialist insurance can help cover this so these losses don’t come out of your pocket.
Our clients include:
Goods In Transit Insurance Coverage Options
Wentworth Alexander provides a wide range of coverage options for goods in transit insurance:
Domestic and International Coverage
No matter where you’re shipping, goods in transit insurance can cover you for both domestic and international transport. Speak to us to ensure you get the most effective coverage.
Coverage for Theft, Damage, and Loss
If the delivery vehicle is robbed, your stock is damaged due to a crash, or lost, goods in transit insurance can reimburse you. Accidents can happen, and the right level of cover can protect your highly valuable stock.
Liability Cover
You can customise your coverage with Wentworth Alexander to include public liability cover and employers’ liability cover. Employers’ liability cover is a legal requirement, and public liability insurance can pay towards costs in case of accidents or injuries, so you’re not paying out of your own pocket.
Additional Coverage
Depending on what you’re shipping, standard goods in transit insurance may not cover everything you need. Hazardous goods, such as flammable liquids, perishable goods, and livestock will need to be covered separately.
Get in touch with Wentworth Alexander to discuss your exact needs and we can tailor your policy to you.
What Is Excluded From Goods In Transit Insurance?
Unless specifically arranged, your goods in transit may not cover:
- Road tankers, or the vehicle exceeds 7,500kg.
- Damage from inadequate packaging or packing.
- Damage resulting from dangerous driving.
- Damage that occurs before or after transportation.
To cover any of these specific areas, or to learn more about what’s not covered by standard goods in transit insurance, get in touch with us today to speak to a member of our team.
Goods In Transit Insurance With Wentworth Alexander
If you’re shipping internationally or locally, Wentworth Alexander can help you find the right cover for your cargo. Your goods are your livelihood – so you want to protect them and your income.
We provide bespoke goods in transit insurance solutions for a range of industries. Our team works closely with you to understand your business requirements so we can provide the most comprehensive quote for you and your goods.
Get in touch for a quote today.
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Our team is ready to help you find the right insurance solution. Speak to our specialists today to discuss your insurance needs.
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Redlands
Cliftonville
Northampton
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Goods In Transit Insurance FAQs
What Is The Difference Between Courier Insurance And Goods In Transit Insurance?
Although similar, courier insurance and goods in transit insurance vary in important ways. Courier insurance protects both the driver and the vehicle rather than the goods they are carrying, and goods in transit only covers the stick being transported.
If you’d like to cover your vehicles and drivers in your insurance policy, speak to Wentworth Alexander today.
Is Goods In Transit Insurance A Legal Requirement?
Although not a legal requirement, goods in transit insurance is key if you regularly transport your goods. Without it, you will have to pay for and replace any damaged, lost, or stolen goods out – with insurance in place, this is fully covered.
Do I Need Goods In Transit Insurance For My Business?
If your business involves transporting goods, Goods In Transit Insurance is highly recommended. Without it, you risk significant financial loss if goods are damaged, stolen, or lost during transit. It provides peace of mind that your stock, equipment, or products are protected while in transit, and helps ensure your business can recover quickly from any disruptions.
What Is The Cost Of Goods In Transit Insurance?
The cost of goods in transit insurance varies depending on your individual requirements. For example, if you are transporting highly valuable materials and therefore require a larger amount of coverage, the overall cost of your insurance may be higher.
For a tailored quote, get in touch with Wentworth Alexander today.