ProtectingtheValueofYourShipment
For many businesses, goods in transit represent revenue already committed, customer orders waiting to be fulfilled, or inventory needed to keep operations running.
A single incident during transportation can lead to financial loss, delayed deliveries, disrupted operations, and strained customer relationships. Goods in Transit Insurance helps reduce this exposure by providing protection from the point goods leave their origin until they arrive at their destination, subject to policy terms and conditions.
Notwobusinessesmovegoodsinthesameway.
NEMGoodsinTransitInsuranceoffersflexiblepolicyoptionstohelporganisationschoosethelevelofprotectionthatbestsuitshowtheirgoodsmove.
Single Journey Basis
Suitable for businesses transporting goods occasionally or for specific projects.
Best for:
One-off shipments
Project-based deliveries
Occasional cargo movement
Annual Cover
Suitable for businesses that move goods regularly throughout the year.
Best for:
Frequent shipments
Businesses with ongoing distribution needs
Year-round logistics activity
Fleet or Vehicle Basis
Suitable for businesses operating multiple vehicles involved in transportation activities.
Best for:
Transport operators
Fleet owners
Organisations moving goods with owned or managed vehicles
Thispolicyissuitablefororganisationsinvolvedinthetransportation,distribution,ordeliveryofgoods,including:
Manufacturers
Distributors
Retail businesses
Transport and logistics companies
Manufacturers
Distributors
Retail businesses
Transport and logistics companies
WhatDoesGoodsinTransitInsuranceCover?
Covermayincludelossordamagearisingfrom:
Fire and explosion
Theft or hijackingg
Vehicle overturning
Collision with vehicles or other objects
Damage during loading and unloading
Loss while goods are temporarily garaged during transit
Why Businesses Choose NEM Insurance
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Frequently asked questions
Goods in Transit Insurance provides protection against loss or damage to goods while they are being transported from one location to another.
Yes. Subject to policy terms and conditions, cover may extend to loss or damage occurring during loading and unloading activities.
Yes. The policy can be arranged for a wide range of goods, including raw materials, finished products, machinery, consumer goods, and agricultural produce.
Notify NEM Insurance as soon as possible following an incident and provide the required supporting documentation. Our claims team will guide you through the claims process.