Goods in Transit Insurance
What is Goods in Transit insurance?
Goods in transit insurance is designed to protect businesses that transport goods from one place to another. This insurance covers your customers' goods whilst in transit with you until they safely reach their destination, safeguarding against events like fire, theft, damage, and mis-delivery.
Goods in transit insurance is different from standard vehicle insurance. While vehicle insurance covers the vehicle itself, insurance for goods in transit is specifically designed to cover the value of goods you are carrying for a customer in case of an accident or unexpected event during transportation.
What does goods in transit cover?
Our goods in transit insurance policy provides coverfor your customers goods while in transit. This coverage is essential for courier and logistics companies, ensuring you’re protected against potential losses from unforeseen events.
Goods in Transit insurance is different to Hire and Reward insurance and is not appropriate to cover the vehicle you are using to transport the items. You can buy Hire and Reward insurance from Admiral here.
- Covers theft in the event goods are stolen while in transit.
- Covers loss if items are misplaced or go missing during delivery.
- Protect up to £50,000 worth of goods in your car or van.
- Cover for handheld scanners (up to £5,000 per claim).
- Unlimited claims per policy term.
- Accidental damage caused during loading, unloading, or while the goods are en-route.
- Cover for the car or van itself for this you’ll need hire and reward.
- Cover for goods stored in the vehicle overnight or being held awaiting delivery instructions.
- Spoilage or natural deterioration of goods during transport.
- Money, live animals, precious metals and precious stones, furniture deliveries or removals.
- Cover for vehicles weighing over 3.5T or vehicles operating out of the UK.
- Goods stored at a rental or under a contract for storage or distribution.
- Cover for goods before departure or once they have been delivered.
This content has been created for general information purposes. To ensure you have the correct level of insurance please see our full policy wording.
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Who needs Goods in Transit insurance?
Goods in Transit insurance is essential for businesses that regularly transport goods, materials, or equipment.
Whether you’re a courier, wholesaler, retailer, or involved in logistics or construction, this coverage protects your items while they’re being moved from one location to another. Without it, damage or theft during transit could lead to costly delays, financial loss, and business disruption.
Is Goods in Transit Insurance legally required?
While insurance for goods in transit isn’t legally required, it’s highly beneficial, especially for businesses that frequently transport valuable goods. Here’s why insurance for goods in transit can be essential:
- Financial security – without goods in transit insurance, the cost of replacing lost or damaged goods can be a heavy burden on your business.
- Client requirements – many clients look for businesses with insurance for goods in transit as it offers peace of mind that their products are safeguarded.
- Boosted professionalism – investing in insurance for goods in transit shows clients you’re committed to protecting their goods, adding a layer of professionalism and trustworthiness.
What's the difference between Goods in Transit and Hire and Reward insurance
Hire and Reward insurance covers you to carry other people’s goods in exchange for payment. If you’re a courier, delivery driver, or transport goods as part of your job, this type of insurance is legally required. It protects you in case you’re involved in an accident while delivering goods for someone else, ensuring you’re covered to use your vehicle for business purposes.
Goods in Transit insurance, on the other hand, covers the actual items you’re transporting. It protects those goods against damage, loss or theft while they’re being moved from one place to another. So while Hire and Reward covers the act of transporting goods, Goods in Transit covers the items themselves—and having both gives you full protection on the road.
Goods in Transit FAQs
*£5.58 is the price for a Goods in Transit policy with £1,000 worth of cover. It is equivalent to £67.00 per year when paying for the policy in one annual payment. Your quote will be personalised to your requirements and will reflect the risks you need to be covered against.The price is correct as of 14th May 2025.