7 Must-Have Features in Your Logistics Insurance Policy for 2025
Modern logistics operations face increasingly complex risks that require comprehensive insurance protection. When evaluating logistics insurance in Australia, ensure your policy includes these essential features to protect your operation effectively.
1. Comprehensive Cargo Protection
The foundation of any logistics insurance policy should include:
- Coverage for multiple transport modes
- Protection during storage and handling
- Temperature-controlled cargo coverage
- High-value goods protection
- Cross-border transportation coverage
2. Fleet and Equipment Coverage
Your logistics insurance should protect your operational assets:
- Commercial vehicle fleet coverage
- Loading/unloading equipment protection
- Mobile technology systems
- Breakdown assistance
- Replacement vehicle costs
3. Supply Chain Interruption Coverage
Modern logistics insurance must address supply chain vulnerabilities:
- Delivery delays and failures
- Supplier bankruptcy protection
- Port congestion issues
- Alternative transport costs
- Emergency storage solutions
4. Cyber Risk Protection
Today’s logistics operations require digital security:
- System breach coverage
- Data loss protection
- Ransomware attack coverage
- Business interruption from cyber events
- Third-party liability protection
5. Environmental Liability Coverage
Essential environmental protection features:
- Pollution incident coverage
- Cleanup cost protection
- Environmental damage liability
- Compliance violation coverage
- Waste transport protection
6. Global Operations Coverage
For international logistics operations:
- Multi-jurisdiction coverage
- International liability protection
- Cross-border documentation
- Foreign currency coverage
- International claims support
7. Business Continuity Protection
Comprehensive business protection including:
- Revenue loss coverage
- Employee liability protection
- Property damage protection
- Professional indemnity coverage
- Legal defense costs
Ensuring Complete Logistics Protection
When reviewing your logistics insurance coverage, assess each of these features against your operational needs. Remember, the right coverage combination depends on your specific operations, routes, and cargo types.
Speak with our logistics insurance specialists to ensure your policy includes these essential protections for 2025.
What insurance do I need for a logistics company in Australia?
A comprehensive logistics insurance policy should cover cargo, fleet vehicles, equipment, cyber risks, and business interruption. The specific coverage depends on your operations, transport modes, and cargo types.
Does logistics insurance cover international shipments?
Yes, logistics insurance can include international coverage for multi-jurisdiction operations, cross-border transportation, and foreign currency protection. Coverage varies by policy and provider.
How does logistics insurance protect against supply chain disruptions?
Logistics insurance covers supply chain interruptions including delivery delays, supplier failures, port congestion, and emergency storage costs. It helps maintain business continuity during operational disruptions.