Goods in Transit Insurance
Any business which is involved in the transportation of goods, materials, stock or tools must have Goods in Transit insurance. Tools, materials, stock and goods are all crucial business assets and are costly to replace if they are damaged or stolen. Therefore purchasing Goods in Transit insurance is essential to give you piece of mind that in the event of theft or an accident, these items will be replaced by your insurer.
What is Goods in Transit Insurance?
Goods in Transit insurance means that if your goods are damaged or stolen whilst in transit then your insurer will cover the cost as agreed in your policy.
Different levels of Goods in Transit Insurance
As with any type of insurance, there are various levels of goods in transit insurance available. Therefore it’s up to you as the customer to decide what level of cover you require as there are options that vary from a low-level policy to a high level policy.
There are many aspects that will determine the level of cover you require and the subsequent premium. The cost of your cover will be driven by the following factors:
- Size of vehicle
- The type of goods in transit
- The number of vehicles requiring insurance
- The excess you choose (a higher excess generally yields a lower premium)
- Where your vehicle is kept overnight
- How safe your vehicle is
Please note that it is essential to choose the right goods in transit insurance for you, to ensure damage limitation in the event of an accident or theft. For example if your job requires you to operate with expensive equipment or machinery that you transport to and from your place of work, and that item is stolen, you face the expense of having to replace it yourself if your cover is unsuitable.
This is a potentially financially crippling situation for two reasons as not only will it cost you for the item, but it may also delay the project that you are working on, which risks losing the work and delaying the pay check.
Our customer services team are fully trained and happy to advise you on your choice of Goods in Transit insurance, so that you get the right level of cover. They are highly experienced staff and knowledgeable about the industry and are ready to make the process of sourcing and purchasing insurance as quick and easy as possible.
Should you choose to go-ahead and agree an insurance policy then our teams will be available to help you will any queries and assist you in every way should an accident or theft occur.
Our quotes are very competitive and we are confident that you will be happy with the price. The cover will be immediately available and we offer several different payment methods.
For an instant quotation for your Goods in Transit insurance, please call now on 020 8903 9412, or alternatively please use our ‘Free Quote and Consultation’ tool.