WHAT IS GOODS IN TRANSIT INSURANCE AND WHY DO I NEED IT?
For anyone just starting out in the courier business getting everything right first time can be tricky. There’s everything from buying the van to the goods you’re going to carry to think about. But there’s one aspect of becoming a courier that many drivers overlook. And that’s goods in transit insurance.
It’s vital that it is made use of. To give you a better understanding of what goods in transit insurance is, we’ve put together a brief guide.
If you’re driving commercially the bottom line is that you’re going to need more than your average insurance policy. You need cover that meets the needs of your business and your legal obligations. The most important aspect of which is the goods you’re carrying.
In simple terms, goods in transit will insure the items you’re carrying as part of your business. That could mean your own items like building materials, or someone else’s goods. This allows you to drive safe in the knowledge that if the items are lost, stolen or damaged whilst on the move you aren’t the one who has to shell out the money replacing them.
It’s important to make use of goods in transit insurance if your business revolves around transporting other people’s goods. The financial implications are much worse than if it was your own goods that were damaged in transit.
When customers are looking for a business to transport their goods reputation comes above anything else. Most customers will expect you to have goods in transit insurance, and running a business without it will prove to be an uphill battle.
When looking for goods in transit insurance it’s important you find a policy that suits your individual requirements. Don’t cut corners either. If you’re carrying goods worth thousands of pounds it’s better to be over prepared rather than under.
Without the right cover you’ll be held liable for the cost of damaged goods, and that could prove to be a huge dent in your business.
Get in touch with us here at Goods in Transit Direct today to organise the policy that’s a best fit for you.
The Goods in Transit Direct Team