Goods in Transit Insurance

Goods in Transit Insurance (GIT) insurance is a specific type of cover that insures the contents of your vehicle as opposed to the vehicle itself or people. It’s useful when your vehicle insurance doesn’t provide full cover for the value of the goods you are transporting.

GIT Insurance provides cover for damages or theft of goods that you are transporting for business purposes. As a leading broker, we compare a range of products to find the best policy for you.

General exclusions of a goods in transit policy are hazardous goods, animals, precious metals/stones, and money in any format, but it’s important that you read your policy thoroughly as a standard courier goods in transit policy may exclude removals and other such activities.

If you drive a van and get paid to deliver personal goods, packages or general cargo, Goods in Transit Insurance is vital to protect you from any potentially costly claims. In the event that the goods you are carrying are damaged or stolen, you want to have the peace of mind that you will be insured for the value of the goods you handle.

As the courier market continues to develop, most logistics companies are checking that couriers who work for them have an agreed amount of Goods in Transit insurance, so you should always check on the amount required to make sure you are abiding by your contract.

A standard Goods in Transit policy will cater for a courier/haulier who carries general parcels, packages and pallets with a specific exclusion of hazardous goods. However, due to the nature of the logistics industry, most insurers would look to tailor-make a Goods in Transit policy if anything excluded in the policy wording is needed.

Your policy will reimburse you for items that are damaged, lost or stolen in transit. Policyholders can request cover on numerous vehicles under one policy which offers the flexibility to protect themselves whilst their company grows.

General exclusions of a goods in transit policy are hazardous goods, animals, precious metals/stones and money in any format, but it’s important that you read your policy thoroughly as a standard courier goods in transit policy may exclude house removals and other such activities.

Make sure you speak to our team and explain your company set-up in detail before taking any policy.

Yes. We offer bespoke, flexible policies that can include both Goods in Transit and public liability insurance.

Having these covers on your policy protects the goods in your vehicle and your business if claims of injury or property damages are made against you.

The premium you pay will largely depend on the financial value of the goods you carry alongside your radius of operation, carrying conditions and claims history. As is always the case when purchasing insurance, the least expensive option is not always the best option and it’s crucial that you get the right policy for your needs not simply the lowest price. An insurer may refuse to pay a claim if you are not insured on the correct basis.

Here at Radius Insurance Solutions, our Goods in Transit policies start from just £92 and range from £5,000 – £50,000 worth of cover. Whether it is general parcels, packages, pallets or household removals, our schemes have been designed to cover the goods you carry against loss or damage whilst in transit at competitive rates.