Quick answer There is no flat price for goods in transit (GIT) insurance. Your premium is worked out from the load limit you choose, what you carry, where and when you drive, the security on your trucks and your claims record. A broker takes those details to insurers and comes
Quick answer For a small transport business, one lost load can cost more than a month of profit. Goods in transit (GIT) insurance pays for the load up to your limit, so you are not left paying a client out of cash flow. It also helps you win work, because
Quick answer Goods in transit (GIT) insurance pays for loss of or damage to goods on the road, up to a load limit, whoever caused the loss. Carrier’s liability is what a transporter is legally or contractually responsible for, and is often limited by trading terms. Marine cargo insurance usually
Quick answer “Comprehensive” is a marketing word, not a type of policy. What protects you is the list of perils, extensions and conditions in your goods in transit (GIT) policy wording. For a South African truck operator, comprehensive cover should at least protect loads against accident, overturning, fire, theft and
In today’s fast-paced commercial landscape, businesses in South Africa rely heavily on the transportation of goods to ensure a smooth supply chain. Whether you are a manufacturer, wholesaler, retailer, or logistics provider, the movement of goods from one location to another exposes you to various risks, including theft, damage, hijacking,
Quick answer Your GIT load limit is the most your goods in transit policy will pay for one load. Set it at the value of the most valuable load you carry, plus a margin for price increases, not at your average load. If a load is worth more than the
Quick answer Goods in transit (GIT) insurance pays for the goods you are carrying if they are lost or damaged on the road, for example in an accident, a fire, a theft or a hijacking. It covers the load, not the truck. For an owner-driver it is usually the first
The transport industry has always been the lifeline of commerce globally, and in the digital age, its dynamics are changing more rapidly than ever. Goods in Transit (GIT) insurance is becoming a standard part of this evolution, ensuring that goods are not only transported efficiently but also securely. In this