Goods-in-Transit Cover
The Goods-in-Transit policy offers protection against loss, destruction, or damage to goods belonging to the insured, or for which the insured is responsible whilst they are in transit - by any conveyance specified in the policy e.g. Road, Rail, or air.
The policy also protects the insured from liability during loading and unloading of the goods, and temporary housing in the course of transit. This policy is essential for businesses whose business model entails the movement of goods, such as manufacturers, distributors, and retailers.
The cover can be arranged to give protection for goods carried either:
- On specified vehicles or trailers owned by the proposer or
- On any vehicle or trailer owned by the proposer or
- Any specified vehicle hired or being used by the proposer or
- Whilst being transported by any road or rail transporters hired by the proposer