Whether you operate a large national fleet or are an owner-driver, and whether you store goods or only transport them, you should have a range of insurance covers to protect your workers, safety and commercial risks.
Transport and logistics businesses face a broad range of risks depending on the area of operations they specialise in, but a shortage of skilled workers and work health and safety concerns are among the long-standing risks facing all operators. Newer risks are also emerging driven by operational changes such as the emergence of new technologies in the form of tracking, automation and autonomous vehicles. Population growth and the associated rise in demand, congestion and infrastructure pressures, and environmental concerns linked to climate change, are also redefining the risk landscape for transport and logistics companies.
| Type of cover | Potential benefits |
|---|---|
| Commercial vehicle | Protects cars, trucks, buses, utes, and other vehicles that you use in the day-to-day operations of your business. |
| Property | Protects your buildings, such as office facilities, and other premises, such as vehicle yards, from damage caused by events like fires, storms, explosions, falling trees, or malicious damage. |
| Warehousing | Provides specialized coverage for businesses operating warehouse facilities (including cold storage), protecting against risks from property and stock damage to public liability. |
| Goods in transit | Protects your business against financial loss if goods are lost, damaged, or destroyed while off-premises and in transit. |
| Management liability | Protects your management team if you’re a larger business in case you need to defend, settle, or pay a compensation claim. |
| Cyber | Safeguards you and your business against expenses and legal costs if your website or other systems are hacked. |
| Business interruption | Covers the costs of operating your business, like paying staff and covering bills while you recover and rebuild. |
| Workers Compensation | Covers the cost of your employees’ wages, rehabilitation, and medication if they become injured or sick through their work. |
Simon, an owner-operator truck driver, has several delivery contracts, including a contract with a large Hunter Valley winery to deliver wine orders to customers across New South Wales. On one of his regular delivery runs transporting thousands of dollars of wine, he’s involved in an accident which results in damage to his truck and a complete loss of the wine on board, with the bottles shattering upon the impact. Fortunately, Simon has commercial vehicle insurance which covers the damage to his truck and provides him with access to another vehicle while his truck is being repaired so that he can continue to operate his business. His goods in transit insurance also covers the cost of the wine.
Important note
This general information does not take into account your specific objectives, financial situation or needs. It is also not financial advice, nor complete, so please discuss the full details with Axle Insurance Brokers whether this type of insurance is appropriate for you. Deductibles, exclusions and limits apply. This type of insurance is issued by various insurers and can differ.
Axle Insurance Brokers Pty Ltd
ABN 88 681 367 760
Corporate Authorised Representative (No: 1313968) of McLardy McShane Partners Pty Ltd
AFSL 232987 I ABN 14 064 465 309
Level 3, Building 7, Botanicca Corporate Park, 570-588 Swan Street, RICHMOND VIC 3121
Give us a call 1300 356 657