News & Insights

Transport Industry Risk Update: COVID-19 considerations

Published 09 June 2020

Transport businesses have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

The Transport Industry Risk Update: COVID-19 considerations guide provides information on the scope and limitations of commercial insurance policies for transport businesses and perspectives specific to COVID-19, including planning for post-lockdown trading conditions, with key information on covers including:

  • Public Liability insurance
  • Cyber risk and data security
  • Workplace Health & Safety
  • Management Liability insurance
  • Employer Practices Liability (EPL)
  • Crime
This report also looks at changes stimulated by COVID-19 across the transport sector, highlighting considerations in these key areas:
  • Inter-state biosecurity and quarantinable acts legislations will likely see stricter controls and consequences in rise to COVID-19 in relation to movement of goods and produce in Australia and internationally
  • Supply chain impacts and distribution delays and changes creating fluctuating demand for transport services
  • Warehousing and distribution: impacts range from managing surges in demand on stocks, to changes in shipments and distributions from Asia to the available resources/ labour pool.
  • Road freight/trucking: pressures to backfill and support deliveries amidst highly fluctuating fuel prices
  • Shipping, marine and cargo industry impacts due to COVID-19 shipping restrictions and international and port terminal challenges
  • and more...

Read more detail to the above summary by downloading the full report. 2714-Transport insurance guide mockup

It is important to maintain adequate insurance cover and have the ability to resolve emerging risk exposures which would otherwise be either underinsured or not insured at all.

Working closely with a Gallagher transport insurance specialist can help you to manage complexity and ensure you’re equipped to lead your business through a period of change and uncertainty.

Connect with an expertchevron-right


Further reading

Middle Market Business Insurance Update: COVID-19 considerations

Tried and trusted: 40 years protecting fuel carriers and distributors

Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient’s industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers’ control.
Gallagher publications may contain links to non-Gallagher websites that are created and controlled by other organisations. We claim no responsibility for the content of any linked website, or any link contained therein. The inclusion of any link does not imply endorsement by Gallagher, as we have no responsibility for information referenced in material owned and controlled by other parties. Gallagher strongly encourages you to review any separate terms of use and privacy policies governing use of these third party websites and resources.
Insurance brokerage and related services to be provided by Arthur J. Gallagher & Co (Aus) Limited (ABN 34 005 543 920). Australian Financial Services License (AFSL) No. 238312
Construction contract works insurance ‒Victorian COVID-19 stop work orders
Construction | Article

Construction contract works insurance ‒Victorian COVID-19 stop work orders

22 September 2021
Critical steps for keeping your business workplace COVID safe
Pandemic | Article

Critical steps for keeping your business workplace COVID safe

29 July 2021
A guide to protecting your business premises during COVID-19 temporary closures
Business Risks | Article

A guide to protecting your business premises during COVID-19 temporary closures

22 July 2021