In the world of logistics, time is money, and goods are everything.
Whether you’re transporting electronics across states or delivering perishables to local outlets, or providing huge catering services to airlines, the value of the cargo in your care can be substantial. Yet, many logistics providers underestimate the financial risks involved when goods are in transit. One accident, theft, or mishandling can turn a profitable job into a major liability. That’s where Goods in Transit (GIT) insurance comes in.
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What Is Goods in Transit Insurance?
Goods in Transit Insurance protects goods while they are being moved from one place to another, whether by lorry, van, or courier. It covers damage, loss, or theft that can occur due to:
• Road accidents
• Fire or explosion
• Theft during loading or unloading
• Hijacking or armed robbery
• Natural disasters (depending on coverage)
It’s designed to protect your client’s cargo and your business reputation.
Why It Matters for Logistics Companies
- Your Clients Expect Accountability
Clients trust logistics companies with valuable goods. GIT insurance not only safeguards the cargo but also strengthens client confidence. If something goes wrong, they know you’re backed by a proper claims process—not empty promises. - One Loss Can Cripple Your Cash Flow
Imagine transporting RM300,000 worth of goods and facing a total loss due to an accident. Without GIT insurance, you’re liable and those kinds of hits are hard to recover from. This policy protects your business finances from unexpected shocks. - It Sets You Apart from the Competition
When bidding for contracts, companies with GIT insurance often have a competitive edge. It shows professionalism and a commitment to delivering value-added services. - Subcontractors & Fleet Drivers Are Also Covered
Most GIT policies can be structured to cover multiple vehicles or subcontracted drivers, ensuring seamless protection across your entire operation.
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What’s Typically Covered?
While policies vary, here are common inclusions:
• Theft during transit
• Fire, explosion, or accidental damage
• Loading/unloading risks
• Temporary storage (up to a certain period)
• Robbery or hijack
Optional add-ons may include:
• Refrigerated goods spoilage
• Worldwide coverage (for cross-border logistics)
• Coverage for employee negligence
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What’s Not Covered?
Like any insurance, there are exclusions:
• Poor packaging or improper stowage
• Delays or consequential loss
• Wear and tear
• Fraud by your own employees (unless covered separately)
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Who Needs It?
This insurance is essential for:
• Freight and courier companies
• E-commerce delivery fleets
• Wholesalers and distributors with own transport
• Cold chain logistics
• Third-party logistics (3PL) providers
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How Much Does It Cost?
Premiums are typically based on:
• Type and value of goods transported
• Distance and frequency of trips
• Number of vehicles
• Claims history
It’s more affordable than many think—and definitely cheaper than paying out of pocket for a major loss.
📞 Need Assistance?
For personalized advice or to obtain a quote, contact Amana Sdn Bhd:
• Address: 101A, Jalan Batu Tiga Lama, Kawasan 16, 41300 Klang, Selangor
• Phone: +6016 332 1488 / +603 3341 5891
• Email: amanaklang@gmail.com / ask@amana.com.my
