Good in Transit Insurance
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What is Goods in Transit insurance?
Goods in Transit covers (subject to a specified limit) loss or damage to goods owned by you which are damaged in transit by road in Australia and caused by insured events such as collision, fire, flood or theft by forcible entry.
You’re an on-the-go business owner, and sometimes your business property is on the go too. That’s why you may want to consider Goods in Transit cover to protect goods belonging to you when you’re moving them from one place to another.
What does Good in Transit insurance cover?
Collisions
Collision, overturning or jack-knifing of the conveying vehicle.
Natural disasters, fire & explosion
Fire, lightning, explosion, wind, water, flood, and impact while the goods are in transit.
Vandalism
Malicious damage and vandalism while the goods are in transit.
Theft
Theft resulting from forcible and violent entry evidenced by visible damage to the securely locked portion of a vehicle, trailer or building in which the conveying vehicle or trailer is being garaged.
- Delay, loss of market or consequential loss of any kind.
- Theft by or in collusion with any of your employees.
- Jewellery, watches, furs, antiques, paintings, works of art, precious metals, precious stones or articles composed of any of them
- Livestock
- Third-party couriers carrying your goods
- Dislodgement of goods as a result of contact by the conveying vehicle with roadway curbing, road humps, traffic islands and similar protuberances or uneven road surfaces
- Collision or contact by the conveying vehicle with the kerb or uneven road surface.
- Money
- Explosives, petroleum products in bulk or gas in bulk
- Cigarettes, tobacco, wines, spirits or other alcoholic beverages (unless shown on your insurance certificate)
- Personal property directors, partners or employees of your business
- Electrical or mechanical derangement unless damage is visible to the exterior of the machine
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3 industries who purchase Goods in Transit most:
- Cabinet Makers
- Electronic Goods
- Clothing Manufacturing
- Fabricated Metal Products
- Welding Services
- Processed Food
- Candle Manufacturing
- Jewellery Manufacturing
- Convenience Stores
- Supermarkets
- Butchers
- Markets & Stalls
- Clothing Retailers
- Gift Shops
- Bakers
- Florists
Goods in Transit is suited to a wide range of industries and occupations in addition to the ones listed above.
How much does Goods in Transit insurance cost?
Goods in Transit insurance costs vary based on your business location, cover amount and other factors. Every business is unique, and so is the type and cost of its policy.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Get cover that works with the risks of your business
You can select from different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
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$1,200
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Andrea
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$1,500
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$3,600
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$800
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Stephen
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$1,500
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Linda
Restaurant owner from
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$1,000
on
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^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
In the event of a claim, the value of goods lost or damaged will generally be taken as:
- For goods you have sold – your invoice value
- For goods you have purchased – the purchase price as shown on the invoice paid by you
- All other goods including plant transfers – market value
Goods in Transit insurance may make sense for your business if you often transport items that you buy or sell from one place to another. You may also want to consider if these goods will be transported through considerable traffic, through dangerous interchanges, and how skilled or experienced the drivers you use are.
Real-life customer reviews verified by Feefo