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- Carriage of own goods
- All risks goods in transit insurance
- UK RHA Conditions and UK & European CMR Conditions
- Freight liability
- Trailer Cover Extension
- PDA’s in vehicles
- Furniture Removers – domestic and commercial
- Marine Cargo
A Guide to Goods in Transit Insurance
Whether you’re an owner driver, or you own your own company, it’s essential that you get cover for the goods you transport as well as your vehicle(s). Trucks are often used to transport valuable goods that can be targeted by thieves so having insurance in place is vital.
When you get cover from a specialist GIT insurance provider, your goods will not only be covered for theft but also damage and spoiling, in the case of refrigerated trucks.
Why It’s Important
You might not think that the goods you transport are at great risk, particularly if they’re not especially valuable but this isn’t the case. If you’re transporting a large amount of goods on a regular basis then the chances of them being damaged or stolen are greatly increased. Having cover in place will give you peace of mind that should something happen to them, you’ll be covered.
The good news is that goods in transit insurance is very affordable and there are several specialist providers who can offer you a quote that’s tailored to the needs of your business.
Others Types of Cover
Although goods in transit insurance is important, it’s not the only type of cover you need for your business. You must also cover the vehicles themselves. This is why goods in transit insurance is usually included as part of a larger policy that includes other types of cover. Some common insurance options include –
- Third party – Third party insurance is the cheapest type of cover you can get for trucks. It will allow them to be driven legally but only provides cover for accidents that another party is liable for.
- Third party, fire & theft – This type of policy provides the same type of cover for accidents but also includes protection for fire damage and theft. This is definitely advisable for trucks, which can be targeted by thieves and vandals.
- Comprehensive – A comprehensive policy is definitely recommended wherever possible. It provides full protection for you (or your drivers) for all types of accidents, even those where a third party is not liable. Having comprehensive cover in place will give you full peace of mind.
- Public liability – Public liability insurance is a must for truck drivers. If you or one of your employees were to be involved in a collision with a member of public and they were seriously injured or killed then you could easily find yourself facing a hefty liability claim. These types of liability claims can be disastrous if you don’t have cover in place so you should certainly always have this option included in your policy.
- Legal fees – If you did have to fight a liability claim then you’d want to make sure you have good legal representation. The cost of legal fees can mount up very quickly so having them included as part of your policy will give you added peace of mind.
- European cover – If your trucks need to be driven outside the country then European Cover will ensure that you’re protected for all the risks of the road when driving outside of the UK.
- Breakdown assistance – Breakdown assistance can also be included in a goods in transit policy and you’ll certainly be glad you have it when it’s needed. Although truck drivers usually have breakdown assistance in place, it’s still worth finding out how much it would cost as part of your policy since you might be able to save money.
- Employer’s liability – If you have employees then you certainly needs to have employer’s liability. This will protect you against any liability claims from employers should they injured on the job as a result of negligence on your part. These types of claims are something that every employer needs to be wary of these days.
Ways to Save Money
- Secure your trucks – Making your trucks secure is one of the best ways you can save money on goods in transit insurance. Having your trucks secure will not only reduce the chances of the trucks themselves being stolen but will also reduce the chance of thieves targeting your goods.
- Get a fleet policy – If you have multiple trucks that you need to insure then getting a fleet policy is always recommended. Not only is it much easier to manage a fleet policy but they usually work out considerably cheaper when compared to insuring the trucks under individual policies.
- Pay upfront – Although it’s not affordable for everyone, if you’re able to pay for your policy on an annual basis rather than monthly then this puts you in an excellent position to negotiate a lower cost. If you can pay upfront then be sure to push for the best price possible.
- Get a lot of quotes – Easily the most reliable way to make sure you get a good deal on your goods in transit insurance policy is to get lots of quotes from different insurance providers. Getting quotes is incredibly easy to do now thanks to the internet so there’s no excuse not to do this. Getting quotes from a lot of different providers will enable to you compare them all and pick the policy that’s best for you.
Get Quotes Now
Getting a lot quotes is absolutely vital if you want to get the best deal on your goods in transit insurance policy. You might be worried that this will take a lot of time that you simply don’t have but worry not – getting quotes couldn’t be simpler. If you want to get goods in transit insurance quotes from a panel of specialist providers then all you have to do is click the green button.
Once you do you’ll then be taken to the quote form and after providing some information about yourself, your business and the type of cover you want, you’ll then have access to your tailored quotes. All you have to do is pick the policy that offers the best value. It really is that simple!