BlueAngel Goods In Transit Quote
Goods in Transit Insurance
If you own or operate any kind of business involving courier service to transport material or goods from one customer to another, there is always the risk of some kind of loss. We strongly recommend coverage with Goods in Transit insurance so that you are covered in case your products go missing or get damaged whilst they are in transit. Unfortunately, some breakage or damage will occur at some point, and while inconvenient to you and your customer, it is to be expected.
Incidents occur in a commercial setting that sometimes are not of your own choosing. But it is entirely different in the transportation business because it involves explicit trust between a courier and his customer. The courier delivers the goods at a prescribed time expected by his customer. If the goods are not delivered on time, or if the goods delivered are damaged and the customer loses money because of it then the courier immediately incurs the customer’s wrath. Trust between courier and customer is broken. In worst cases, the courier is sued and made to pay for the damages. In even worst scenarios, the courier starts losing his customers because of the bad publicity surrounding his business.
Obviously, the transportation business is a highly sensitive case for things not to be covered by goods in transit insurance. Many factors can affect the business, all of them bad, most of them ruinous. The after-effects of these negative results are just too scary not to be taken seriously. So, if you are not yet covered by goods in transit insurance now is the time to ring up an agent and get that coverage.
Goods in transit insurance usually sets a limit on a coverage for each package, per vehicle or consignment, so know and understand what these limits are. In addition, augment your policy by adding a hazardous goods cover, which basically allows you to stake a claim in case of an incident.
Also, make sure that your policy includes the 100% all risks coverage. This gives you protection since as a carrier or courier you practically don’t know what the item looks like until you pick it up. The 100% all risks cover theft, damage and loss during transit, and accidents while in transit. Be also aware that some insurance companies classify certain items like Ipods and laptops as high risk “target goods”. If something should happen that directly involves these target goods, your insurance will only cover 50% of the claim while you take care of the other 50% percent.
Of vital importance is your awareness of what excess insurance is on your policy, as you often can reduce your yearly premium if you raise your voluntary excess. Whatever amount you have agreed to for your excess, if you make a claim, you will be liable for that amount first, before any payment is paid out by the insurance company. Be sure to set aside enough money, an amount equal to your excess, in the event you have a claim, and must pay this amount first. If you follow these steps, you will have peace of mind knowing that you and your business are well covered for any eventuality.
Click here for more information on BlueAngel Goods In Transit Quote and Goods In Transit Insurance Cover and Goods In Transit Insurance Quotes

