Standard Insurance Product
Goods in Transit
Who It’s For: Businesses
Overview: Goods-In-Transit insurance protects your products while being transported in various transportation (road, rail, air, and water). This policy is crucial for businesses involved in delivery or distribution, as goods can be lost, stolen, or damaged on the way. Whether you use your own vehicles or a third-party courier, this cover ensures your financial investment is protected throughout the transportation process.
• Covers theft, accident, and weather damage in transit
• Applicable to own or hired vehicles
• Includes losses that occurred during the loading and offloading of goods
• Insurance against Driver dishonesty, goods theft and inhouse robbery or staged highjack
• Can include food spoilage & equipment breakdown
• Reduces logistics risk
• Protects profit margins
• Covers regional, national, and international deliveries
• Road accidents
• Hijacking or armed robbery
• Weather-related damage
• Loading and offloading damage
• Fire or explosion in transit.
• Looting and riots
• Can include additional cover such as:
• Spoilage or deterioration of goods
• Additional/Alternative transportation costs
• Fidelity Guarantee (inhouse thefts and undelivered losses)