Goods in Transit Insurance
This insurance provides financial protection against unforeseen events occurring during the transportation of goods by road, sea, air, or rail.
It is suitable for logistics and transport companies, retailers, distributors, and import and export businesses. The policy may be taken out by either the sender or the recipient of the goods.
However, not every business requires the same cover. That is why, as insurance brokers, we assess the type of goods being transported, determine the correct insured value, and identify the need for additional cover based on the specific risks involved.
Goods in Transit Insurance Cover
Standard Cover
– Loss or Damage;
– Fire, lightning and explosion;
– Accidents Involving the Transport Vehicle;
– Theft;
– Loading and Unloading.
Additional Cover Available
– Natural hazards;
– Vandalism;
– Strikes;
– Other options available. Contact us for details.
The cover selected should be tailored to your needs and to the type of risk being insured. It is essential to check the cover, exclusions and sums insured specified in the policy.
More protection. Less risk.
Request a quote for your Goods in Transit Insurance
We’ll provide a free, no-obligation review of your insurance.
FAQs
Is this insurance compulsory?
No. In most cases, this cover is not compulsory. However, certain contracts, logistics operations, or commercial agreements may require it. It is therefore important to assess each case before taking out the policy.
Does Goods in Transit Insurance offer tax benefits for the company?
Yes, in certain circumstances. Insurance premiums can usually be treated as an operating expense. However, we recommend confirming the tax treatment with your accountant to ensure it is correctly classified for corporate income tax purposes.
How is the price calculated?
The cost varies depending on the type of goods, the route, the mode of transport, the sums insured, the cover selected, and the claims history. We therefore assess each case individually before presenting a quotation.