What is Goods in Transit Insurance?
Goods in transit insurance can help protect businesses from the risk of damage or loss to a third party’s cargo while transporting their goods or equipment. Often the cover will initiate when the insured cargo is first moved for commencement of transit, and ends once unloading is complete.
A goods in transit policy can also greatly assist in strengthening your commercial relationship with clients. It can offer them an additional level of security, knowing that precautionary measures have been implemented to help protect their goods or equipment while in your care.
We work with companies of all sizes and specialties to offer insurance and risk advice tailored to their business’s risk requirements.
Who needs Goods in Transit Insurance?
We highly recommend any business that transports goods or equipment considers obtaining goods in transit insurance. Typical industries and professions that can benefit from goods in transit cover can include:
- Transport operators and delivery services
- Removal services
- Courier services
- Distributors and sales agents
- Businesses with multiple premises that transport equipment or stock between locations
How much does Goods in Transit Insurance cost?
The cost of goods in transit insurance can vary from business to business. The value of goods being transported, the pick-up and drop off location, and the nature of the goods themselves can all impact premiums.
Additionally, higher risk goods may inherently result in higher premiums on a goods in transit insurance policy.
We are professional insurance brokers, advisors and risk management experts dedicated to helping businesses like yours. We can obtain insurance quotes from multiple insurers and provide advice and recommendations to our clients.
We negotiate competitive premiums and insurance coverage to deliver value to businesses and help to ensure you have the right level of cover.
In addition to obtaining quotations and placing the policies, Marsh can also assist with claims.
Deal with the experts that will go the distance!
At Marsh, our aim is simple – to arrange competitive products that offer comprehensive protection for Australian businesses so that you can focus on the more important things.
Do I still need Commercial Vehicle Insurance?
Yes, goods in transit cover should not replace your commercial or heavy motor vehicle policy. Goods in transit insurance only covers the contents of the vehicle while in transit.
Is it a legal requirement to have Goods in Transit Insurance as a transport operator?
While transport operators are not legally required to obtain a goods in transit policy, some clients may seek proof of cover before entering into a contract.
Does Marsh offer monthly payment options for Goods in Transit Insurance?
Additional insurance solutions to consider
Marsh arranges the insurance and is not the insurer. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire the product, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors.
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“MAI”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) which is a related entity of MAI. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh Advantage Insurance on request.