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Transit Insurance

Find and Compare Transit Insurance Cover for Australian Businesses

Why do you need Transit Insurance?

A business should consider transit insurance to protect their goods or cargo while they are being transported. Transportation insurance can provide coverage for damage, theft, or loss of goods during transit, whether they are being transported locally or internationally. Transit insurance can be important for businesses that regularly transport goods, such as manufacturers, importers, exporters, and distributors.

Who needs goods in transport insurance

  • Retail businesses that ship products or transport inventory between locations
  • Manufacturing companies that transport raw materials, equipment, or finished goods
  • Wholesale businesses that transport large quantities of products or materials
  • Freight forwarding companies that arrange transportation of goods on behalf of other businesses
  • Transport companies that specialize in moving goods or cargo from one location to another
  • Any business that transports or ships goods from one location to another

Who needs it?

  • Accidental damage
    Covers damage to goods in transit caused by accidents such as collisions, overturning of the vehicle, or other incidents that are beyond the control of the transporter.
  • Theft
    Transit insurance may cover theft of the entire vehicle or theft of goods from a parked or unattended vehicle during transit.
  • Fire and other perils
    Transit insurance may also cover loss or damage caused by fire, explosion, flood, earthquake, or other natural disasters that occur during transit.
  • Loading and unloading
    Transit insurance may also cover damage to goods caused during the loading and unloading process.
  • Delays
    Some policies may also include coverage for loss of income or expenses incurred due to delays in transit.
  • It is important to note that transit insurance coverage can vary, and some policies may have exclusions or limitations on coverage. It is recommended that you carefully review the policy details and speak with an insurance broker.

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Duty of Disclosure

Please Review Carefully

Before proceeding, ensure you disclose all relevant information. Non‑disclosure may lead to denial or reduction of claims, cancellation of your policy, or voiding of the contract (in cases of fraud). If anything below triggers a “Yes”, be prepared to provide details when requested.

  1. Have you ever had an insurance policy cancelled, declined, or had special terms imposed?
  2. Have you ever been declared bankrupt?
  3. Have you ever been involved in a company or business that became insolvent or was subject to insolvency or voluntary administration (e.g. liquidation or receivership)?
  4. Have you ever been convicted of any criminal offence (other than minor traffic convictions)?
  5. Have you ever been liable for any civil offence or pecuniary penalty (exceeding $5,000)?

Claims History

  1. Have you ever had a claim declined or refused due to fraud, suspected fraud or suspicious circumstances?
  2. Have you had any Business or Personal Insurance claims in the last 5 years?
  3. Within the last 5 years, have you ever been charged or convicted of a criminal offence?

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