WhyYouNeedGoodsInTransitInsurance
When goods are lost or damaged in transit, businesses may face replacement costs, delayed revenue, disrupted operations, and pressure on cash flow. Customer commitments can also be affected when deliveries do not arrive as expected.
NEM Goods in Transit Insurance helps reduce these risks by providing protection while goods are being transported from one location to another.
Goods in Transit Insurance can be arranged on:
Single Journey Basis
Suitable for businesses transporting goods occasionally or for specific projects.
Annual Cover
Suitable for businesses that move goods regularly throughout the year.
Fleet or Vehicle Basis
Suitable for businesses operating multiple vehicles involved in transportation activities.
Manufacturers
Distributors
Retail businesses
Transport and logistics companies
Construction companies
Manufacturers
Distributors
Retail businesses
Transport and logistics companies
Construction companies
WhatDoesGoodsinTransitInsuranceCover
Covercanbearrangedforawiderangeofgoods,including:
Raw materials
Finished products
Machinery and equipment
Consumer goods
Agricultural produce
Business inventory
Why Businesses Choose NEM Insurance
Protection for goods while in transit
Cover during loading and unloading
Flexible policy structures
Reliable claims support
Nationwide service network
Trusted insurance expertise
Protection for goods while in transit
Cover during loading and unloading
Flexible policy structures
Reliable claims support
Nationwide service network
Trusted insurance expertise
Frequently asked questions
Goods in Transit Insurance protects goods against loss or damage while being transported from one location to another within Nigeria.
Yes. Cover may extend to loss or damage occurring during loading and unloading activities, subject to policy terms and conditions.
Cover can be arranged for raw materials, finished products, machinery, equipment, agricultural produce, and other business goods.
No. Goods in Transit Insurance applies to the movement of goods within Nigeria. Marine Insurance is generally used for international cargo transported by sea or air.