Goods in Transit Insurance

We have over 35 years of combined experience in the insurance industry and can tailor our services to meet your specific needs. For goods in transit insurance needs, we team up with reputed Australian insurers. In order to ensure the safety of your company, we offer you our help and guidance to ensure you are fully protected.

  • Accidental damage

  • Insured events

  • Impact or Collision Damage

  • Malicious damage

Get In Touch

Fill in the form below or give us a call on (08) 9340 5400.

What is Marine Transit insurance?

Marine Cargo Insurance provides cover for loss or damage to goods whilst in transit. There are many different forms of cargo insurance for all types of transportation including goods sent by land, sea, air or rail.

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About us

The IPS Group offers a full spectrum of financial services for individuals, small to medium businesses, and large corporations.

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What We Do

From business insurance protection to complex wealth-creation strategies to smarter financial management.

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Pillars of Success

A unique drive and dedication to provide financial services in action, whether you require Insuring or Financial Planning.

Do I need Goods in Transit Insurance?

If your business takes you across the seas, you can be exposed to risks from mother nature, misadventure and even piracy. Such risks can prevent your commercial vessel, cargo or truck from reaching its destination, or cause costly damage during the voyage. Marine transit insurance refers to a range of insurance products which help protect your business from loss or damage to vessels and cargo. It can cover the door to door delivery of goods worldwide, by sea, road, rail and air – including their storage on the way.

Who should consider it?

Marine transit insurance is important for businesses involved in shipping or receiving goods, operating watercraft commercially, repairing vessels, running a marina and more.

What does this Insurance cover?

There are different types of marine-related insurance policies – the type you choose will vary based on your specific needs. Depending on the type of policy you choose, marine insurance policies can cover:

  • Accidental damage
  • Insured events
  • Collisions
  • Dropping during loading and unloading
  • Fire, explosion, lightning
  • Impact of goods with external objects other than the conveying vehicle or road
  • Malicious damage

What's not covered

Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. Policies generally won’t include cover for: 

  • Consequential loss/loss of market
  • War
  • Delay

Case Study How can IPS Group Help?

Kerri runs a small business that exports organic cheeses from Australia to Asia. It’s a new business, so she works very hard to provide quality products and build her client base. 

Recently, a shipment of her cheeses that were going to a new client was left on the dock unrefrigerated - and the cheeses were spoilt. Not only did Kerri lose valuable product, but she also missed out on the repeat business of the new client. 

Thankfully, Kerri had marine transit insurance, which covered her products from the time they left her business until they were in her client’s possession. While her insurance didn’t help her keep the new client, at least the insurance reimbursed Kerri for the cost of the cheeses that were spoilt. 

Insuring

Planning

Call us today to assess Goods in Transit Insurance options

If you choose us as your insurance brokers, we'll put our years of experience, in-depth knowledge of the industry, and helpful service to work for you to make sure your home, investment property, or portfolio is well protected in case something unexpected happens. No matter what criteria you give, we will research the market to find the homeowner's insurance policy and personal property coverage that fits your needs.

CALL US TODAY
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