Goods In Transit Cover

If you transport stock or materials in relation to your business you will need to consider a goods in transit insurance.  Also called stock in transit, this cover protects you against such items being lost, stolen or damaged during the loading, unloading or transportation in a motor vehicle operated by you.

Some claim examples:

• You are a computer repairer loading a customer’s laptop into the back of your van when you trip and drop the item
• You are a courier making a delivery when a thief breaks into your van and steals some parcels

This cover is normally an extension to a public liability insurance policy and is often taken out together with tools cover.  It is well worth considering this cover when you take out insurance for your business.