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If your job involves transporting goods from one place to another, goods in transit insurance can be an important type of cover to consider.
Goods in transit insurance protects you financially, by covering the goods against damage, loss or theft while in transit.
This insurance can cover both goods transported in your own vehicle, or on your behalf by a third-party carrier.
Goods in transit cover at a glance:
- Cover for theft, loss or damage during transit
- Protection for goods in vehicles
- Covers the costs of repair or replacement
- Essential financial protection for tradespeople and self-employed
What is goods in transit insurance?
Often the goods being transported can be expensive to replace but with goods in transit insurance, you don’t have to worry about that. If your goods are unexpectedly damaged or stolen, part or all of the cost required to repair and replace the goods will be covered by your insurance.
At Markel Direct, we offer goods in transit cover that you can rely on. This cover can be bought as part of your tradesman insurance policy which includes public liability insurance and other types of cover.
Our goods in transit insurance pays you if the goods you are carrying are damaged or stolen whilst in transit by any means, anywhere, in the United Kingdom.
You may also wish to consider tools insurance if you want to protect your tools in the course of your work.
Why choose Markel Direct for goods in transit insurance?
Here are just some of the reasons why you can trust us as your goods in transit insurance provider:
Goods in transit cover from
£5.00 per month*
*Price based on a builder requiring £2,000 of goods in transit insurance.
Do I need goods in transit insurance?
Goods in transit insurance is often considered essential for self-employed couriers and tradespeople.
If your job involves travelling with goods in your vehicle or you use a third-party to deliver goods that you are responsible for or selling to customers, it can be wise to consider being covered by goods in transit insurance.
If you transport goods yourself and you were to be involved in a crash, or your van was stolen while you stopped for a break or to fill up with petrol, then your damaged or stolen goods or equipment would be covered.
For example, if you’re a bathroom installer or kitchen fitter, you might transport the units, tiles and so on yourself to your client’s property. If your van is broken into while you’re on your way to the client’s property, goods in transit insurance can cover the costs of the stolen materials.
Without good in transit insurance, you could be liable for the costs of repairing or replacing the goods, if an accident or theft occurred which can be costly.
If you’re using a third-party to deliver goods, it’s unlikely that your goods will be covered under their business insurance. It’s worth speaking to them beforehand to check this.
How it works
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What does goods in transit insurance cover?
When you purchase goods in transit insurance cover from Markel, you will be covered for the costs involved with:
What is covered
If any of the above scenarios occur, your insurance will pay out to cover the cost of repairing or replacing the damaged or stolen goods.
What is not covered
How much does goods in transit insurance cost?
At Markel Direct, we offer goods in transit insurance at one set price of £5 a month, regardless of your profession. Get a quote today using our quick and easy online quote system.
*Price based on a builder requiring £2,000 of goods in transit insurance.
Example policy documents
If you have an existing policy with us, please sign in to view your policy documents.
Below you will find examples of the documents provided.
Indicative quotes
Glaziers
- Limited company
- 3 employees
- £70,000 turnover
- Poole
- (£674.02/yr)
- £67.40/mo
- Goods in transit £2,000
- Public & products liability £2m
- Employers' liability £10m
- Cyber
Refrigeration engineers
- Limited company
- 0 employees
- £60,000 turnover
- Bolton
- (£537.54/yr)
- £53.75/mo
- Goods in transit £2,000
- Public & products liability £2m
- Employers' liability
- Cyber
Hot tub installation / maintenance
- Sole trader
- 0 employees
- £65,000 turnover
- Coventry
- (£347.20/yr)
- £34.72/mo
- Goods in transit £2,000
- Public & products liability £1m
- Employers' liability
- Cyber
*Final price payable is subject to underwriting criteria and acceptance. AI images are used on this website to depict example customer types. Any resemblance to an actual person is purely coincidental.
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Frequently asked questions
These frequently asked questions are designed to help you and include questions relating to policy cover, pricing and ‘technical’ terms.
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What does goods in transit insurance cover?
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.
If any of the above scenarios occur, your insurance will pay out to cover the cost of repairing or replacing the damaged or stolen goods.
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Is goods in transit insurance required by law?
Goods in transit insurance is not required by law. However, you are responsible for your clients goods and property while they are in your possession. If these are lost or damaged, you could face an expensive claim that you’ll have to pay out of your own pocket if you’re not properly insured.
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Will goods in transit insurance cover my vehicle?
Goods in transit insurance, insures the goods being transported only and not the vehicle itself. For this, you would need a separate vehicle insurance policy to cover any damage to the vehicle or theft.
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How do I make a claim?
With our award-winning claims service, making a claim is simple. For guidance on to make a claim, visit our claims page.
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How are Markel Direct regulated?
Markel Direct is a trading name of Markel International Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Find out more on the Financial Services Register.
We are a division of Markel International, a Lloyd’s of London market insurer that wrote gross premium totals of £2.4bn in 2023.
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