Some Business Insurance policies can include Goods in Transit cover.

However, the scope can be different from a dedicated Marine Cargo policy.

What can Goods in Transit cover? #

Depending on the Business Insurance policy, it can cover certain insured property while being transported within Australia.

For example, cover may apply to:

• Stock.
• Equipment.
• Business property.
• Goods being delivered to customers.

The insured events and limits vary.

How is Marine Cargo different? #

A dedicated Marine Cargo policy may provide:

• Broader transit cover.
• Higher limits.
• International shipments.
• Annual open cover.
• Single-shipment cover.
• Specialist cargo clauses.
• Cover for unusual goods.
• Project cargo options.

Which should a business use? #

That depends on:

• Value of goods.
• Frequency of shipments.
• Domestic versus international transit.
• Goods being carried.
• Contract requirements.
• Maximum value in any one conveyance.

A small incidental transit exposure may fit within Business Insurance, while regular or high-value movements may require dedicated Cargo Insurance.