| Most people are well informed on the need to insure | | | | in the cover. |
| commercial vehicles. However, if you stop to think | | | | The price |
| about the value of the contents of the van or lorry | | | | How can you drive down the price of goods in transit |
| that you are driving, you will appreciate goods in | | | | insurance? The first step is to cover all of your |
| transit insurance. | | | | vehicles together. Significant discounts are available |
| The cover | | | | for fleet policies. |
| Goods in transit cover relates to the replacement | | | | You could also benefit from your safe driving record |
| value of the contents of the vehicle. So make sure | | | | if you have a significant no claims bonus. After all, if |
| that you are realistic with the value of the items you | | | | you have several years' history without making a |
| carry. There is no point underestimating the value to | | | | claim, you should be entitled to a special price for |
| get a cheaper deal, only to find that you are left | | | | being a good customer. |
| short when the insurer pays out only that amount. | | | | Another issue that can bring down the price is the |
| If your business is being a courier rather than | | | | excess. Some insurers offer a very low excess, but |
| transporting goods as a one off, you will also need to | | | | such policies can be expensive as they take into |
| consider other aspects to goods in transit insurance. | | | | account the probability of regular, low value claims. If |
| Most businesses with employees need employers' | | | | you are prepared to restrict yourself to higher value |
| liability insurance, which your insurer could offer as | | | | claims by raising the excess, you could save in the |
| part of a goods in transit package. Likewise, although | | | | long run. |
| not compulsory, public liability insurance could be a | | | | What else should you look for? |
| wise move to protect yourself from claims for | | | | Aside from the details of the cover itself, consider |
| compensation made by third parties for damage | | | | also the service that will be provided. An accident |
| caused in the course of your business. | | | | could happen at any time of the day or night, and |
| If you have a sophisticated system of tracking the | | | | you need an insurer who is available to help you at |
| goods you carry using hand held scanners, these are | | | | these times. Also, as your industry is a specialised |
| expensive to replace in the event of theft or | | | | one, an insurer who has experience in the transport |
| damage, so ask your provider if they can be included | | | | industry might suit your needs best. |