The insurances Transport Operators should have

Allsafe Transport Operators — Transport operators

The Transport and Logistics sector in Australia has an estimated annual revenue of $102.87 billion, with an operating profit of $10.14 billion in 2018. The sector employs more than half a million people across its major sub-sectors: Road Transport, Logistics, Warehousing and Stevedoring.

Road Freight Transport is already the largest employing sub-sector in the Transport and Logistics sector and transport industry jobs are expected to increase over the next four years as the demand for goods transport and postal services continue to grow.

The trucking industry is “keeping Australia moving” and behind every transport operator is an insurance policy that keeps them on the road!

According to NTI’s (National Transport Insurance) National Truck Accident Research Centre, one in 500 heavy vehicles insured will experience a large loss each year and there were more than 848 trucking incidents in 2019.

A transport operator insurance package should be tailored specifically to the individual business operations and needs to protect the business, its staff and customers.

Components of a transport operators insurance program can include the following;

Motor Vehicle
Public Liability
Cargo Liability
Contractual Liability
Management Liability
Property Insurance
Trade Credit

Transport operators and owner/drivers can reduce their risk and insurance costs by considering;

• Driver safety program and auditing
• Improve visibility of trucks with applying retroreflective tape
• Implement a strong risk management framework and safety-first approach for operations on the road and at your depot
• Take advantage of new tracking, scheduling and driver safety technology
• Secure your vehicles when not on the road (parking & storage)
• Secure your cargo and establishing a strong chain of reporting and tracking
• Insure your fleet in a business name rather than as a private individual
• Review your policy annually to adjust the sum insured, add or reduce cover as business operations change.

Allsafe Insurance Brokers knows the transport industry and can assist you with a free insurance review for your business.

Call us today.