Goods in Transit Insurance

Goods in Transit (GIT) insurance is designed to protect goods while they’re being transported from one location to another—whether by road, rail, or other means.

Businesses that provide their own, in-house delivery services can benefit from goods in transit insurance.

This insurance should not be confused with Carrier’s Liability insurance.

Breakdown of what is covered under Goods in Transit Cover

Risks Covered

GIT policies cover loss or damage to goods caused by
  • Fire, explosion, or smoke
  • Theft or attempted theft and the damage thereof
  • Accidents (collision, overturning, derailment)
  • Hijacking or hold-up (if the policy is on an All Risks basis)
  • Loading and unloading incidents that lead to damage of the insured goods
  • Damage to packaging materials (e.g. tarpaulins, ropes) following an accident
Optional Extensions (at extra premium)
  • Riot, strike, and civil commotion
  • Political Violence & Terrorism
  • Hold-up or hijack (if not included in the basic cover)
  • Debris removal and reloading costs
  • Cover for high-value or hazardous goods
  • Extended territorial limits (e.g., cross-border transit)
  • Temporary storage during transit
Common Exclusions
GIT Policies typically do not cover
  • Improper packing or handling
  • Inherent vice (e.g., goods that spoil naturally)
  • Wear and tear or gradual deterioration
  • Losses from war, terrorism, or civil unrest unless specifically covered
  • Theft from unattended vehicles
  • Breakage of fragile goods (unless specially declared)
  • Contamination or pollution
  • Goods temporarily housed outside the course of transit
  • High-risk items like cash, jewelry, explosives, or electronics unless specifically endorsed
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Key Exclusions
Who the Policy Protects

  • GIT Insurance: Protects the owner of the goods (e.g., manufacturer, distributor, or buyer). Carrier’s Liability: Protects the carrier or transporter (e.g., logistics company) against claims from the goods owner.

Nature of Coverage

  • GIT Insurance: Provides comprehensive cover for loss or damage to goods during transit, regardless of who is at fault. Carrier’s Liability: Covers only the legal liability of the carrier if they are proven negligent or at fault.

Policyholder

  • GIT Insurance: Taken out by the owner of the goods or their agent. Carrier’s Liability: Taken out by the carrier or logistics provider.

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