It covers business items being moved from one place to another from theft, loss or damage. This could include:

  • Goods you have been hired to move, e.g. if you run a furniture removal firm

  • Stock being delivered to customers, e.g. if you run an online shop

  • Contents and equipment being moved, e.g. if you move business premises

Do you need cover?

You need goods in transit (GIT) insurance if you offer:

  • Courier services

  • Delivery of goods purchased

  • Removal services

  • Motor trade or vehicle recovery services

You should also think about insurance if you transport business equipment between locations. For example, if you have multiple business premises, or if you are moving.

How much does it cost?

The price of your goods in transit policy will depend on:

  • The type of business you run (you will pay more if delivery services is your main activity)

  • How much cover you need, for contents or stock

  • How many staff you employ

  • Your annual turnover

You can save money on your insurance by paying for your policy annually, instead of monthly. You should also compare quotes online, because most insurers offer discounts if you buy a policy via their website.

How to find the best policy

Use this comparison to get quotes online from different insurers, so you can compare policies. Check to see if they cover:

  • The type of vehicle your business uses, e.g. car, van, lorry, or motorcycle

  • Travel to and from Europe

  • Accidental damage

  • All types of goods

  • Public and employers' liability

Once you find policies that offer the cover your business needs, pick the one with the cheapest annual premium.

What else should you consider?

If your business uses vehicles, you are required by law to have third party commercial vehicle insurance. This covers injury to third parties and damage to their property.

You may also want to consider taking out a package business insurance policy to cover the rest of your business activities. For example, you can insure your liability as a business, and your business premises and contents.

Speak to a broker if you need help deciding what cover your business needs.

Goods in transit insurance FAQs

Q

Do I still need commercial vehicle insurance?

A

Yes, because goods in transit insurance does not cover the vehicle itself. You can compare van insurance here.

Q

Will it cover goods while they are at a depot?

A

No, it only covers goods once they have left a location and are already in transit. You need separate contents insurance to cover this.

Q

Does it cover goods left in a vehicle overnight?

A

Yes, as long as the vehicle is locked and parked in a secure site, e.g. with gated access, or security. Check your policy documents for details.

Q

Can I cover goods being transported abroad?

A

Yes, if European cover is included in your insurance policy. If you transport goods worldwide, speak to a broker about international shipping cover.

Q

Will my goods be insured in any type of vehicle?

A

It depends, as some policies are specifically designed for some types of vehicle. Check your vehicle can be covered before you buy insurance.