Goods-in-transit insurance is a business insurance that protects company assets against damage or loss while in transit, with coverage options available whether transported by land, air or sea. This insurance coverage can help companies limit the financial risks associated with property loss and damage that may occur during transport, such as road accidents, fire, flood, or theft. 

In the event of a claim, the insurance covers the costs associated with loss or damage to goods, which can help companies continue to operate without incurring significant financial losses.