How to Insure Your Business Deliveries

How to Insure Your Business Deliveries

UPS, FedEx, DHL and TNT only assume liability up to approximately £50 on any shipment. Enhanced Cover for more valuable items is available on our booking portal at a cost of 1% of goods value i.e. £3,000 cover will cost £30. UPS have a minimum premium of £4.30. Terms and conditions apply.

However, if you regularly import, export or send domestically I would recommend looking into an annual marine cargo policy with your insurance broker. A Marine Cargo or Goods In Transit policy (both terms are used) is far cheaper than taking out cover on individual deliveries. For example, an annual standalone Goods In Transit (GIT) policy covering you for up to £0.5m worth of goods delivered per year can start from as little as £250 (0.05% cost of goods sent). The premium will vary depending on factors such as items sent, destinations and claims history.

If your current insurance broker doesn't provide GIT or you just want some advice, contact Tim Putin at Bluefin on 0117 908 4064 or tim.putin[at]bluefingroup.co.uk. Bluefin provides wide level GIT cover and has their own in-house Marine Cargo claims team.

Top Tips

  1. Before sealing your parcel take a photograph to show how carefully your item has been packed. The carrier or insurer will require photographs of the packing materials and item as part of any damage claim.
  2. The term "Marine Cargo" is a 300-year-old misnomer. It now incorporates all goods transported by land, sea or air within the UK, EU or internationally.
  3. Goods In Transit is a subdivision of Marine Cargo and is often used in the industry to refer to goods transported domestically or insurance taken out by couriers themselves. You will require a door-to-door Marine Cargo/International Goods In Transit policy covering your own goods transported by a 3rd-party.
  4. Without insurance the minimum protection for your goods is set by internationally ratified conventions. For example, the Warsaw Convention covers shipments up to approximately £12 per kg.