Cargo plane on the runway at sunset, with open cargo hold and pallets full of goods ready for transport.

Protection for your goods by all means of transportGoods in transit insurance

Whether by lorry, train, ship or plane – the transport of goods harbours numerous risks. Particularly valuable, sensitive or customised goods are exposed to a variety of hazards during transport. Damage caused by external influences, loss or delays can have considerable economic consequences: from production losses to contractual penalties.

In addition to physical damage, risks also arise from contractual conditions. Unfavourable Incoterms, incomplete transport contracts with hauliers or freight carriers as well as legal requirements can lead to uncertainties in the distribution of risk and cause considerable costs in the event of damage.

Cover tailored precisely to your goods

MRH Trowe supports you in recognising risks at an early stage and insuring them in a targeted manner with individually tailored goods in transit insurance. We analyse your supply chains, identify potential weak points and jointly develop suitable insurance solutions, both preventatively and in the event of a claim.

The insurance cover is precisely tailored to your transported goods: refrigerated medical products require different cover concepts from special machinery with deck loading or perishable foodstuffs. This ensures that every delivery is optimally protected – from collection to a punctual delivery

Weiße 3D-Symbole für E-Mail und Zielscheibe stehen vor einer hölzernen Wand.
Team of Experts of Transport Insurance +49 6631 9114 5100 Request callback
Sense & purpose

Why is goods in transit insurance useful?

It protects companies against financial losses that may arise due to damage, loss or destruction of goods during transport or interim storage.

  • Contractual penalties for late delivery
  • Production downtime if important components are damaged
  • Further financial losses caused by transport problems

 

Insured risks & hazards

What risks does goods in transit insurance cover?

As a rule, goods in transit insurance is based on all-risk cover. This offers comprehensive protection against almost any damage that can occur during transport or storage – with only a few contractually defined exclusions.

Typical insured risks are:

  • Accident involving the means of transport (e.g. accidents involving lorries, trains or ships)
  • Human error, e.g. incorrect handling or loading
  • Loss, theft or misappropriation of goods
  • Flooding or goods falling overboard at sea
  • Piracy and other transport risks in high-risk areas
  • Damage during interim storage
  • Collapse of storage buildings or shelters
  • Fire, lightning strike or explosion
  • Damage caused by natural disasters such as storms, earthquakes or flooding
Scope of cover

When is goods in transit insurance effective?

It offers protection not only during the actual transport. The insurance cover also applies to many other stopover points along the supply chain – both nationally and internationally. Coverage exists, among other things:

  • During transport – on land, at sea or in the air
  • During temporary storage, e.g. in customs or consignment warehouses
  • During the dwell time at contract finishers or processing companies
  • At packaging companies, e.g. during repackaging or labelling
  • During exhibitions and trade fairs where your goods are being presented
Insured companies

Who can be covered by goods in transit insurance?

In principle, it protects all those who have an economic interest in the transported goods. Others who can also be insured include the following:

  • Sellers who are responsible for the safe dispatch of the goods
  • Buyers awaiting the arrival of undamaged goods
  • Owner of the goods – regardless of location or contracting party
  • Other authorised beneficiaries or financing bodies, if agreed

These types of insurance may also be of interest to you

Hot Topics
Benefits
Finance
MRH Trowe 1418 Bewertungen auf ProvenExpert.com