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If your business involves transporting goods, whether by road, rail, air or sea, there’s always a risk of loss or damage in transit, before they reach their end destination.  Goods in Transit Insurance provides protection against these risks, ensuring your business isn’t left facing costly setbacks.

A Goods In Transit policy will even cover your possessions whilst in a vehicle overnight, so it can be an especially useful policy to have if you work as a contractor. 

Goods in Transit (GIT) insurance covers items whilst they’re being collected, loaded, transported and delivered - whether you move them yourself or use third party couriers and hauliers.

Cover can include:

• Theft during transit

• Damage caused by accidents, fire or weather

• Loss during loading or unloading

• Vehicle breakdowns leading to spoilage or delays

This type of insurance can be tailored to best suit your business and the types of goods you transport, from raw materials to high-value finished products.

There are different types of cover, including single transit for one off shipments or annual/open cover for ongoing protection. You can look to have an all risks policy for broad coverage, or name more specific perils related to your business. 

When you enquire about a Goods In Transit insurance from Prizm Solutions, we’ll ask you questions to help us ensure we offer you a policy that exactly suits your needs. We might ask you about the items being transported, details of any packaging, product deterioration potential, any possible transport delays in your work, and how often the vehicle might be left unattended etc. 

We’ll also talk to you about the sum to be insured, about whether you need UK or international coverage, plus consider excesses and any other bespoke requirements. 

Any business that sends, carries or receives goods can benefit from Goods in Transit Insurance, such as: 

• Manufacturers moving products to distributors

• Retailers delivering items to customers

• Couriers, hauliers and logistics companies transporting client goods

• Contractors who have valuable tools and equipment in their vehicles

Did you know that, even if you use a third-party carrier, you may still be financially responsible for lost or damaged goods. Standard carrier liability often doesn’t cover the full value, so can leave some businesses unexpectedly exposed.

Lost or damaged goods can cost thousands to replace, but can also disrupt operations and harm customer and supplier relationships. 

If you have any questions about Goods In Transit (Cargo) insurance, please check out our website or give us a call.  Our helpful team will be able to best advise you about Goods In Transit or any other business insurances such as Tools & Equipment Insurance, Contractors All Risk Insurance, Contractors Combined Insurance, Commercial Vehicle Insurance or Legal Expenses Insurance.