A truck is off the road after an accident. A customer’s goods are damaged in transit. A storm closes your warehouse for days. For a transport or logistics business, the cost of an incident can reach beyond the vehicle, stock or building directly affected.

The right insurance depends on what you move, where you store it, who performs the work and what your contracts require. A cover review should start with those everyday operations, not just a list of policy names.

Start with your fleet and equipment

Commercial motor or fleet insurance can help protect vehicles used by your business, from utes and rigid trucks to prime movers and trailers. Check which vehicles and drivers are listed, how each vehicle is used and whether the insured values still reflect replacement costs.

Consider what happens if a vehicle is unavailable. Does your policy include any hire vehicle or downtime benefit, and would its limits be enough for your operation? The answer depends on the wording and options selected.

If your business also uses forklifts, loading equipment or mobile plant, review how those assets are insured. Our guide to plant and machinery insurance covers risks such as damage, theft and breakdown in more detail.

Check the goods you move and store

Goods in transit cover may respond when freight is lost or damaged during transport, subject to its terms and exclusions. It is important to check when responsibility for the goods begins and ends, the types of freight carried, per-load limits and whether subcontracted trips are covered.

Warehousing brings another set of questions. Property or industrial special risks cover may protect premises, equipment and stock against insured events. If you hold customers’ goods, make sure you understand your contractual responsibilities and whether the policy responds to those exposures. Cold storage operators should also discuss temperature-sensitive stock and refrigeration failure specifically.

Look beyond physical damage

An incident can disrupt deliveries and revenue even after the immediate damage is dealt with. Business interruption cover may help with lost income or ongoing expenses following an insured event, but its trigger, waiting period and indemnity period matter.

Public liability can help with certain claims involving injury or property damage to third parties. Management liability and cyber insurance may also be relevant depending on the size of your business and how you manage staff, customers, bookings, tracking and payments. Read our cyber security guide for practical steps to reduce digital risk alongside insurance.

Review the cover when your operation changes

Your insurance needs can shift when you add vehicles, change freight types, take on a new contract, use subcontractors, open a depot or expand into storage. These are good times to check limits, exclusions and contract requirements with your broker, rather than waiting until the next renewal.

At MKP Insurance, we take time to understand how your transport or logistics business works before reviewing suitable cover. If you would like a no cost, no obligation review, contact our insurance team or call 1300 000 657.

This article provides general information only and does not take your objectives, financial situation or needs into account. Cover depends on the insurer, policy wording, limits, exclusions and any options selected.