Goods in Transit Insurance Explained

Fragile courier boxWhen transporting goods from A to B they can get damaged, lost or stolen; and if you don’t have the right insurance you could be left seriously out of pocket.

What is Goods in Transit Insurance?

If you work in the transportation industry; you’ll know that things can and do go wrong. Goods can get damaged or go missing in transit and you could be held financially responsible. Goods in Transit insurance (GIT) is designed to safeguard against loss, theft or damage to materials, stock and equipment carried in the back of your van.

Who needs Goods in Transit Insurance?

Goods in Transit Insurance isn’t a legal requirement, but it makes shrewd business sense. As well as providing cost effective peace of mind for your business; GIT insurance gives your customers the confidence they are working with a safe pair of hands.

Goods in Transit insurance is a specialist product with a wide appeal; covering a diversity of trades from couriers and contractors to removers and hauliers. If you carry goods, materials, tools or equipment in your van; you should consider GIT insurance.

Are there different types of GIT Insurance?

With so many similar products crowding the marketplace, finding the right cover can get complicated; so here’s what you need to know:

Goods in Transit Insurance Suitable for ‘hire and reward’ business which often involves multiple drops or multiple customers. GIT insurance can be purchased as a ‘standalone’ product or an ‘add on’ to an existing policy.

Tools in Transit Insurance A cost effective way of safeguarding tools and equipment for anyone who drives a van. 

Courier Van Insurance An umbrella product aimed at the courier industry which includes van insurance, GIT insurance and Public Liability insurance.

Haulage Insurance Suitable for larger loads from trucks weighing 7.5 tonnes to HGVs.

How much cover do I need?

Goods in Transit insurance policies are tailored to fit your individual needs; it’s the only way to make sure that you’re completely covered and not wasting money on unnecessary cover. Policies can be written on a ‘Specified’ or ‘All Risks’ basis reflecting overall value or weighted value; whichever works best for you.

How do I arrange GIT cover?

With nearly 50 years’ experience Quoteline Direct is a broker you know you can trust. For a competitive quote from a range of leading insurance providers; visit our Goods in Transit Insurance page or Tel: 0161 874 8039 to speak with a member of our team about tailored cover.

 


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