Why goods in transit insurance is important
Being self-employed, in any business sector, comes with a multitude of risks that full-time employees don’t have to worry about.
Goods in transit insurance
This type of insurance protection is usually available as an addition to a tradesman insurance policy. The policy will cover goods against loss or damage while in transit from one place to another.
This insurance can be taken out for goods transported in your own vehicle, or on your behalf by a third-party carrier.
Goods in transit insurance will provide cover for:
• Theft whilst in transit.
• Damage caused by an accident during transit.
• Loss during transit.
• Damage caused during transit.
Why could goods in transit insurance be important for trades?
If, for example, you run a small electrical supplies business, you may deliver orders to your local customers. If you were unfortunate enough to be involved in a crash, or your van is stolen while you have stopped for a break or to fill up with petrol, then your lost, damaged or stolen goods and tools would be covered. This can also include damage as a result of a collision.
Without good in transit insurance you could be liable for all the costs of replacing the goods and your tools.
To get a quote for your trades insurance click the quote button today.