The essential resource for hauliers and logistics providers
Transporting goods brings its own unique sets of risks, making specialised insurance a vital piece of paperwork for hauliers. From road accidents to theft, weather-related damage, or even human error during handling, the potential financial losses for logistics providers can be significant.
Haulage insurance not only protects the business and cargo in transit but also safeguards reputations, making sure clients receive compensation in unforeseen circumstances. For logistics companies, securing fleet insurance, goods in transit insurance (GIT insurance), and logistics liability insurance is a necessity. These policies protect businesses, inspire customer trust, and demonstrate professional accountability to clients and stakeholders.
Moreover, having comprehensive insurance coverage helps businesses meet regulatory compliance and contractual obligations, which can often be a prerequisite when working with larger clients or government contracts.
X2 (UK) is covered by a full suite of insurance policies that minimise any financial risk to us and to our clients.
Gain complete peace of mind with X2 (UK)’s fully insured logistics services
X2 (UK): Dependable logistics services with any worries
As one of the country’s leading transportation and 4PL (fourth-party logistics) providers, X2 (UK) delivers more than adjust highly flexible haulage solutions – we provide our clients with security of knowing their goods are covered against any eventuality.
From goods in transit insurance to logistics liability insurance, we offer clients a dependable and fully insured range of services.
Understanding the key types of haulage Insurance
Responsibility for cargo insurance generally falls on the shipper, though specific terms may vary. Some contracts may assign responsibility to the carrier or freight forwarder, so it’s essential to clarify this before transit.
While freight insurance is not legally required in the UK, it provides financial protection against theft or damage. Many clients require freight insurance in transport contracts, and members of the UK’s Road Haulage Association (RHA) must maintain adequate coverage.
What does haulage insurance cover?
Typical haulage policies will cover you against:
Damage: Protection for goods from accidents, handling issues or environmental exposure.
Theft: Compensation for stolen goods during transit.
Accidents: Coverage for vehicle damage and liabilities in third-party accidents.
Other common forms of logistics insurance include:
Cargo transit insurance
This protects goods transported by land, air, sea, or rail – and includes cover against natural disasters, theft and human error, making it a vital safeguard for lengthy or valuable shipments.
Logistics liability insurance
This policy type protects hauliers from third-party claims, including bodily injury or property damage. For example, if goods are accidentally damaged while being stored in a warehouse, this insurance protects the haulier from having to absorb the costs.
Courier insurance
While haulage insurance covers longer distance tri[ps with a limited number of tops, courier insurance is designed for more local deliveries with frequent stops, covering the specific risks associated with multi-stop, unplanned routes, such as package loss or theft.
Fleet insurance
A wise choice for businesses that operate multiple vehicles, fleet insurance covers them under a single policy, often with bulk discounts. This not only reduces administrative overhead but also provides consistent coverage across the fleet, regardless of the type or size of the vehicles.
Goods in transit insurance (GIT insurance)
As the name suggests, GIT insurance protects goods while they’re being transported. This is particularly important when working with valuable or hazardous items, where even minor incidents could result in significant financial losses.
Sidestep the costs and complications of logistics insurance with X2 (UK)
Get in touch with the X2 (UK) team today and find out how our fully covered services can remove the insurance burden from your logistics operations.