Industries / Transport and logistics
Transport and logistics: the covers businesses usually need
Couriers, removalists and freight operators carry goods for others by road. Their exposures are the vehicles, the goods carried and what happens on the road and at the customer’s door.
What can go wrong
The exposures that drive claims in transport and logistics.
Vehicles
The vehicles are the business. An accident or theft takes a vehicle off the road and leaves the business liable for damage to others.
Goods carried
Customer goods are damaged, lost or stolen in transit or in storage overnight.
Loading and delivery
A removalist damages a customer’s home, or a member of the public is injured while goods are loaded.
Fleet size
Ten or more vehicles can usually be insured as a fleet, priced partly on the fleet’s own claims record.
NoteGoods in transit covers the goods; commercial motor and fleet policies cover the vehicles. Contracts with customers often set the carrier’s liability for goods, so check them.
Covers the lookup lists
What the industry lookup lists for typical businesses in this industry.
These are the results of the Cuttleflow industry lookup (release exp-0.7.0) for the businesses below, before any questions are answered. Answers about staff, vehicles, premises, contracts and the state change the list. Covers the lookup lists only as “consider” are left out here. Every class on the Commons wordings is available on Cuttleflow Go; “On Cuttleflow Go” links to the class. A Marketplace class is also placed by brokers through the Cuttleflow Marketplace.
- Couriers · ANZSIC 5102 Courier Pick-up and Delivery Services
- Removalists · ANZSIC 4610 Road Freight Transport
- Road freight · ANZSIC 4610 Road Freight Transport
| Cover | Lookup tier | Where it is written | Listed for | Why it is listed |
|---|---|---|---|---|
| Workers compensation | Must have Compulsory where it applies | Statutory scheme (depends on state) | All of these businesses | Employers must hold workers compensation cover in every state and territory, apart from limited wage-based exemptions. Depends on: how many employees does the business have, not counting owners. |
| General liability | Recommended | On Cuttleflow Go | All of these businesses | Almost every business deals with customers, visitors or other people's property, so it can be held liable for injury or damage. |
| Commercial motor | Recommended | On Cuttleflow Go · Marketplace class | All of these businesses | Vehicles are the main tool of a transport business. |
| Goods in transit | Recommended | On Cuttleflow Go · Marketplace class | All of these businesses | Carriers are responsible for customers' goods while they carry them. |
| Business package | Recommended | On Cuttleflow Go · Marketplace class | All of these businesses | The business has premises, stock or equipment that fire, storm, theft or water damage could destroy, and it would lose income while it rebuilds. Depends on: does the business have premises, stock or equipment at a fixed site. |
| Motor fleet | Recommended | On Cuttleflow Go · Marketplace class | All of these businesses | Ten or more vehicles can be insured as a fleet, priced partly on the fleet's own claims record. Depends on: how many vehicles does the business own or lease for work. |
| Management liability | Recommended | On Cuttleflow Go · Marketplace class | All of these businesses | Claims against the company and its directors and managers, employment claims, some fines and penalties, and employee theft. |
Classes on the Commons wordings
Classes for this industry on Cuttleflow Go.
Brokers
Win clients in transport and logistics
Put the industry lookup and an indicative price on your own channels, and take leads from the public marketplace when it opens. Place every risk once, with every market in the class, on the same wording.
Underwriting agencies
Write this business on Cuttleflow Go
Your own rates and rules on the Commons wordings, quoted to your brokers from day one and to Marketplace brokers when the class opens.
General information. This page is not advice about any business and does not recommend any insurer or product. The lookup’s rules are a first draft and have not yet been reviewed by an underwriter or a lawyer. Check each cover against the circumstances and the policy wording, and check compulsory insurance with the regulator in the relevant state. Industry classes: Australian Bureau of Statistics, ANZSIC 2006 (cat. no. 1292.0), © Commonwealth of Australia. Professional occupations: APRA National Claims and Policies Database.
Other industries