Location: /TWU Members Insurance/Transit Insurance

TCIS in conjunction with the Transport Workers Union have transit Insurance covers taking into account the needs of their members

Transit Insurance covers vary substantially.

The main factors affecting the cost of transit cover are:

 Gross Freight Earnings (GFE) declared. 
This indicates the size of your operation and therefore the risk. Discounts apply to larger GFE figures. Your GFE is the income you derive before any expenses are deducted.

Sum Insured (limit any one load). 
This determines the maximum exposure an insurer faces in any one incident. The higher the sum insured, the higher the premium.

Scope of Cover. 
Covers range from a basic Fire Collision and Overturning through to Clause 'A' (All Risk), with many options in between.

Reliance on limited transit covers leaves you open to a damages action arising from a loss not covered by the transit insurance (ie. a Fire, Collision and Overturning cover will not help if goods are contaminated or water damaged. If you elect to run with a limited cover, you should also have a Carriers Legal Liability policy to fill the gaps.

For further information or quote please click here