Goods in Transit Insurance
Goods In Transit Insurance covers a business for loss or damage to cargo, stock or other items being transported. Cover can be taken either by the owner of the goods or the haulage business carrying the goods.
Goods in Transit insurance is often automatically included within a commercial package policy and can be an optional extension to a commercial combined policy.
The price for goods in transit insurance if you own the goods is normally rated on load limit per consignment or vehicle and annual total sendings. For hauliers carrying someone else's goods the above is considered along with annual charges and a combination of Road Haulage Association (RHA) and Contract de Merchandises par Route (CMR) conditions.
Restrictions can apply to the type of goods carried, security of the vehicle and there may be a maximum claim payment per tonne. Therefore you should check that conditions do not limit your requirements.
For more flexible cover you may wish to consider a Marine Cargo policy.
For more advice on Goods in Transit Insurance call Sutcliffe & Co on 01905 21681 or send an email.
Act now! Call us on 01905 21681 to get your insurance needs met