How to Insure Your Deliveries

How to Insure Your Deliveries

UPS, FedEx, DHL and TNT only accept liability up to approximately £50 on any shipment. Enhanced Cover for more valuable shipments is available on our booking portal at a price of 1 to 1.5% of goods cost i.e. £3,000 cover will cost £30-£45. UPS has a minimum premium of £6.50 and DHL £12. UPS and DHL's maximum cover is £50000, and TNT's £7500. 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 current business 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 by Aviva 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.

Numerous brokers offer Aviva's "Fast Trade" Cargo policy, such as Clegg Gifford, Business Insurance Service and Anthony Jones.

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.