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      Contract financing is an excellent way for your business to access funding against a contract which you have already won.

      Learn More

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      Our LPO financing solution gives you access to cash flow to access the inventory to complete customer orders.

      Learn More

      Invoice / Certificate Discounting

      Free up funds from your unpaid customer invoices, helping you overcome the cash flow delay between invoicing and receiving payments.

      Learn More

  • Insurance
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Insurance

Marine & Goods in Transit Insurance

By Emmanuel Ngala 

Goods can face multiple risks while being transported by road, sea, air, or other approved means of transit. Damage, loss, theft, accidents, and other unexpected events can affect businesses financially. Recolte Limited provides access to marine and goods-in-transit insurance in Kenya to help businesses manage risks associated with transporting goods. Marine insurance provides protection against specified risks associated with the transportation of goods and cargo. Despite its name, marine insurance can cover different stages and modes of transportation depending on the policy.

What Is Goods in Transit Insurance

Goods in transit insurance protects goods while they are being transported from one location to another against insured risks. It can be relevant to businesses involved in:

  • Importing
  • Exporting
  • Distribution
  • Manufacturing
  • Wholesale
  • Retail
  • Logistics
  • E-commerce
  • Agricultural trade

Risks That May Be Covered

Depending on the policy, cover may address risks such as:

  • Accidental damage
  • Loss of goods
  • Theft
  • Fire
  • Transport-related incidents
  • Certain natural perils
  • Other insured risks

Coverage varies according to the policy, mode of transport, type of goods, route, and applicable terms and exclusions.

Benefits of Marine and Transit Insurance

  • Protect Cargo Value: Insurance can help reduce the financial impact of covered loss or damage to goods
  • Support Importers and Exporters: Businesses involved in international trade can manage risks associated with transporting cargo
  • Protect Supply Chains: Transit-related losses can affect inventory and business operations. Appropriate insurance can help manage these exposures

Get Goods in Transit Insurance

Whether you transport goods locally or internationally, Recolte Limited can help you understand your transit risks and explore appropriate insurance options.

FAQs

  • What is goods in transit insurance? It is insurance designed to protect goods against specified risks while they are being transported.
  • Does marine insurance only cover goods transported by sea? Not necessarily. Marine insurance can provide wider cargo and transit protection depending on the policy.

Who needs goods in transit insurance

Importers, exporters, manufacturers, distributors, retailers, traders, and logistics businesses may need this type of cover

Request Quote

accidentsairand other unexpected events can affect businesses financiallyGoods can face multiple risks while being transported by roadlossor other approved means of transit. Damageseatheft

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