Goods in Transit Insurance
Compare goods in transit insurance quotes to get cover for your work van
Who needs goods in transit insurance?
Couriers and Delivery Drivers
Most obviously, goods in transit insurance will probably be a must-have for those who deliver items for a living. Many customers will insist on only using delivery companies who have this type of cover in place and will ask to see a copy of the policy before doing business with you, so make sure you've got everything lined up before you pitch for that new account.
Delivery of purchased goods - online shops
Online retailers often ship a high volume of goods to various locations. If the retailer also delivers the goods themselves, then without goods in transit insurance, the financial burden of lost, damaged or stolen items could fall entirely on the business. These policies are crucial during peak seasons, like Christmas, when shipments could significantly increase.
Moving business premises - loss and damage cover of equipment
If you're moving to a new business premises and undertaking the move yourself, you may be hauling more than just furniture. You'll likely transport valuable equipment and other items you'd like protected. Goods in transit insurance for a removal can ensure critical assets are covered against potential loss or damage.
Warehouses collecting goods for storage
Warehouses often act as intermediaries that hold goods before they reach their final destination.
There's a risk of damage or loss that comes with moving goods to and from a location, making goods in transit cover an essential consideration for warehouse operators.
What do I need to look out for when buying goods in transit insurance?
The terms around loading and unloading
Not all goods in transit van insurance policies cover the process of loading and unloading. Read the policy booklet before purchasing to understand whether these activities are included.
The terms around refrigerated items, livestock and high-value items
If your business transports specialised goods like refrigerated items, livestock, or temperature-controlled foods, you need a policy specifically covering these items. Standard policies may not offer this coverage or come at an additional cost.
Your trailer
If you use a trailer for transportation, check whether it's covered under the same policy or if you need to purchase separate trailer insurance.
Your own items used to protect the goods, such as straps, ropes, tarpaulin sheets and fastenings
Items like tarps, straps, fastenings and ropes are often used to secure goods during transit. As with goods, these items can also be damaged or lost, and replacing them can be costly. If this applies to your business, check if the goods in transit van insurance covers ancillary items.
Customers’ property
It may sound obvious, but if you're a contractor or a removal firm, you might be transporting property that belongs to your customers. Check that your policy covers customers' property as well as your own goods.
The driver’s personal property
Some policies offer coverage for the driver's personal belongings, which can be useful in scenarios where the driver needs to stay overnight with the vehicle. It provides an extra layer of protection against theft or damage.
Storage cover
Goods are sometimes stored temporarily in a warehouse or depot during transit. Check if your policy includes storage cover, which would protect your goods during these interim periods where the vehicle is likely to be unattended.
Transporting goods abroad
If your business involves international shipping, ensure your goods in transit van insurance covers international routes. Some policies offer this as an add-on or as part of a more comprehensive package.
Hazardous goods
Transporting chemicals or flammable items comes with its own set of risks. If your business requires the transportation of these or other types of hazardous goods, you may need specialised goods in transit cover. Speak to your insurance broker to ensure you get the cover you need.
Loss as a result of poor, defective or insufficient packaging
Some insurers may not cover for damage or loss if goods were poorly packaged. To help secure a valid claim, following industry standards is essential.
Shortage in weight
A discrepancy in the documented weight and the actual weight of the goods claimed for could lead to your claim being rejected. Always double-check the weight and keep accurate records to avoid such an exclusion.
Loss because of deterioration or variation in temperature
Perishable goods or items that require a controlled temperature may not be covered if they deteriorate due to temperature changes.
Dangerous goods, money, livestock and high theft-risk goods
Some policies explicitly exclude certain goods, like hazardous materials, money, livestock, or items susceptible to theft. Specialised insurance policies should be sought for these types of goods in transit.
Theft from unattended vehicles
Typically, standard policies will not cover theft if the vehicle is unattended without proper security measures being in place.
Confiscation or requisition by a government or public authority
If customs or government agencies confiscate your goods, it is unlikely you will be able to claim this loss on your goods in transit policy.
Is goods in transit insurance required by law?
No, this type of insurance is not a legal requirement in the UK, although your van must have valid insurance in place to be used on the UK’s road network at any time.
However, many businesses and clients will insist you have this type of insurance before working with you. It's a way to protect both parties from potential financial losses.
What’s the difference between goods in transit insurance and courier insurance?
Goods in transit insurance specifically covers the items you transport from one location to another. Courier insurance is more comprehensive and will help cover the vehicle used for transportation, the driver, and the goods transported.
Do I need public liability insurance as well as goods in transit insurance?
Whether you need both goods in transit and public liability insurance depends on your specific business and how often you interact with others.
Public liability insurance is designed to protect you against claims made by third parties for injuries or property damage, while goods in transit insurance covers the items you are transporting. Having both types of insurance may provide a more comprehensive safety net.
Does goods in transit insurance cover goods left in the vehicle overnight?
Yes, typically, but this depends on the specific policy which will obviously vary by provider. Some policies offer coverage for goods left in a vehicle overnight. Still, there may be conditions such as the vehicle being parked in a secure, locked compound and not left on the road or a private driveway.
Will goods in transit insurance cover goods transported outside the UK?
Some policies offer international coverage, but you must check the terms and conditions. If you frequently transport goods outside the UK, look for a policy that includes international transit.
I’m moving home – do I need goods in transit insurance?
Goods in transit insurance for removals will help protect your belongings against damage or loss. Reputable removal companies will know this and will include this in their service, but it's always good to double-check. Don’t be afraid to ask, they will be used to it!
Does goods in transit insurance cover items stored in the depot?
No, it only covers items transported inside a vehicle. Once outside the vehicle, other insurance may apply so always ensure you’ve got protection whilst the goods are in your responsibility.
Is goods in transit insurance the same as haulage insurance?
No, they are not the same. Haulage insurance is a broader type of insurance that may include goods in transit cover, vehicle insurance, and liability insurance. It's designed for businesses transporting goods over longer distances that often involve multiple stops.
