Goods in Transit Insurance

Items that are being transported by business firms such as courier and haulage companies need to ensure that the goods they are carrying are insured for theft, damage and loss whilst in transit. This type of cover is commonly known as Goods in Transit Insurance policy.

What does typical Goods in Transit Insurance policy cover?

• Theft of goods whilst they are in transit. You can get a policy that provides UK only cover or EU cover as well. For firms that offer global transport solutions, a worldwide policy is also available.
• If the goods get lost during transit then most policies also provide cover for this type of peril.
• Another common peril is damage to the goods whilst in transit. Again most policies cover this type of risk.
• Goods are also covered if they damaged as a result of an accident whilst they are in transit and within the parameters of the policy.
• Optional extras include public and employers liability cover.

Courier Delivery Driver

At DP Media we have teamed up with some of the best providers of Cheap Goods in Transit Insurance brokers. You fill one simple form and these specialist providers will call you back with their quotes. Simply, you just the best policy suited to your courier or haulier business needs or alternatively opt for the cheapest available. The choice is yours.

In many cases our broker partners are able to provide comprehensive courier van insurance in addition to the transit policy. Most of brokers offer flexible payment options, cover can be incepted to start immediately and also offer additional policies that could be useful for your business.

Many courier drivers are individuals working as contractors for larger firms on a self-employed basis. The normal requirement for these self-employed couriers is that their van must have a courier insurance policy for hire and reward use. Also the goods they will be transporting require Goods in Transit Insurance policy. In some instances these courier drivers also need a courier public liability insurance cover.

Most brokers offer courier insurance for individuals and companies that operate commercial vehicles no more that 3.5 gross vehicle weight. Firms that operate larger vans and Lorries usually require a different type of policy called Haulage Insurance. A haulier’s policy is available for the vehicle, Goods in Transit and also any liabilities needed.

Many of our broker partners have specialist schemes for both new and experienced courier drivers. Discounts are available for couriers that can provide No Claim Bonus proofs or previous company driving experience. Many of our providers can also transfer private car insurance No Claims Bonus onto their courier van insurance policy.

An important point to note is that there is a difference between Goods in Transit Insurance policies depending on the type of goods you are carrying. For example a delivery driver that’s delivers furniture is not classified as a courier. You must clarify exactly the types of goods you are transporting so that the broker is able to find a suitable policy for your needs.

Businesses such as retail shops with a shop insurance policy will find that their policy has Goods in Transit cover as standard for carriage of their own goods.