Goods in transit insurance is a specialized type of coverage that protects the physical items you transport against loss, theft, or damage while they are being loaded, carried, and unloaded . It is designed for any business that moves goods as part of its operations, providing financial protection when things go wrong during the journey .

What Does Goods in Transit Insurance Cover?
While specific policy details can vary by provider, this insurance typically covers the cost of replacing or repairing goods that are lost or damaged due to unexpected events . Common covered perils include:

Covered Perils Typical Exclusions
Theft from a locked vehicle Theft from an unlocked or unattended vehicle
Accidental Damage caused by collision or overturning of the vehicle Damage caused by poor packaging or overloading the vehicle
Fire and explosion Damage to the vehicle itself (this requires separate motor insurance)
Vandalism Wear and tear, or damage from faulty goods
Forces of nature (e.g., storm, flood) Loss or damage to certain high-risk items like cash, jewels, or securities
Most policies also extend coverage to goods during loading and unloading operations, as this is often when accidents happen .

Who Needs This Insurance?
This insurance is valuable for a wide range of businesses, not just couriers. You might need it if you answer “yes” to any of the following:

Do you transport goods for clients? Couriers, delivery drivers, and logistics companies carrying third-party goods .

Do you move your own stock or equipment? Retailers moving inventory between stores, e-commerce businesses shipping customer orders, or tradespeople taking tools and materials to job sites .

Are your goods valuable or fragile? Businesses dealing with high-value or delicate items, such as art dealers, galleries, or those transporting glass, need to ensure these are declared for coverage .

Don’t navigate the complex insurance market alone. Let the experts at Annex Insurance Agency help you find affordable, reliable third-party motor insurance.

📞 Call us today: +254 724 547669
📧 Email us: info@annexinsurance.co.ke