Superscript Business Insurance

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Permanent UK Resident |
Goods in transit (GIT) insurance offers protection for any goods that are being moved from one location to another. This type of business insurance covers the items in case there is theft, loss or damage during transportation.
It can cover you or your customer’s property or goods, but only while the vehicle is being used.
An example of when you might need goods in transit insurance is if you have stock delivered to customers from your online shop or equipment is being moved between business premises. Another might be if you run a delivery service, and need to leave your parcel-laden van while handing over a package at a customer’s address.
While goods in transit insurance covers items you’re transporting, courier insurance doesn’t. Courier insurance only covers the vehicle you’re using to deliver items for work purposes.
Like other types of vehicle insurance, there are three levels of courier insurance to choose from:
Third-party only
Third-party, fire and theft
Comprehensive
You can choose to add goods in transit insurance to it.
Businesses offering some form of courier delivery or dispatch service have more chance of being in an accident than other types of professional drivers. This is because they spend most of their time on the road with goods in transit. As a result, they’ll need specific courier insurance.
GIT insurance is not a legal requirement, but it’s worth considering. When goods are in your possession, you’re responsible for them and you’ll need to cover any cost if the worst does happen.
If your business offers a courier service, delivery of goods purchased or removal services then you should consider GIT insurance.
Ignoring goods in transit insurance could be a costly mistake if something goes wrong.”
If you have goods in transit insurance and you realise that goods have been damaged while being transported, you’ll need to contact your insurer as soon as possible.
You’ll need to submit a claim form and supply proof of the damage or loss, plus evidence that you owned or were responsible for the goods. Be sure to include any delivery orders that prove the goods were in the vehicle at the time of the incident.
Available online | |
Permanent UK Resident |
Available online | |
Permanent UK Resident |
Available online | |
Permanent UK Resident |
The cost of goods in transit insurance will vary depending on your business as policies take into account various factors. These factors include:
The type of business you run
The level of cover you need
Your business’ annual turnover
Whether you pay annual or monthly premiums
The number of employees you have
It’s always a good idea to shop around and compare different quotes to find the best deal, but there are also some things you can do to lower the cost.
For example, having a black box policy, increasing your voluntary excess, investing in your vehicle’s security and being accurate about the value of your goods can make the insurance cheaper.
You might also consider taking out a package business insurance policy to cover the rest of your business activities.
Yes, the appropriate motor insurance is a legal requirement. Goods in transit insurance doesn’t cover the vehicle itself. You can compare van insurance here.
No, it won’t cover goods while they are being held at a depot, rather than in your vehicle. GIT insurance only covers goods while they are in transit, so you’ll need separate insurance to cover them at the depot.
Yes, GIT insurance should cover goods left in a vehicle overnight if it’s locked and parked in a secure site. Check your policy documents for further details.
Yes, you can find cover that includes goods being transported to Europe as well as policies that have full international shipping cover.
Some policies are specifically designed for certain types of vehicles. Check your vehicle is included in the policy before you sign the contract.
Every policy is different so check yours carefully so you know exactly what is and isn’t covered. Items not covered by your policy may include hazardous goods, money and animals. Damage or loss due to poor packing and wrapping, goods confiscated by local or international authorities, unattended vehicles and climate or atmospheric conditions may all be excluded.
You should have public liability insurance if your business interacts with members of the public. This type of policy covers legal costs if a member of the public’s injured or their property is damaged in the course of your work.
Goods in transit insurance only covers you if items you’re transporting are lost, stolen or damaged.
Yes, but there may be limits to how many vehicles you can cover and maximum cover limits. For this reason, make sure you shop around to find a policy that suits your needs and business.
You can also take out goods in transit insurance as an add-on to your general fleet insurance.
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