Goods in transit – what brokers should know about liability?

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Liability for goods in transit (GIT) is one of the trickier aspects of insurance. The Department of Transport amended the National Road Traffic Regulations for goods in transit in 2015. In terms of this amendment, all goods in transit have to be fully insured. However, it’s not always clear who has insurable interest in the goods; material damage policies don’t always address the question of liability, and transporters don’t always take responsibility for goods. 

In addition, it’s not always obvious whether a marine GIT, standard GIT or commercial policy would best meet the needs of a particular client. While saving money is an important factor in today’s economy, cost shouldn’t be the only factor a client considers.

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