Logistics insurance
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Tailored insurance for the logistics industry.
Whether you’re an international freight forwarder, or a home moving company, you’ll need insurance to protect your business. Insurance from Provide starts with property insurance, so that your premises and inventory are protected. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and employee theft. If you ship goods either domestically or overseas, you’ll need to cover them with shipping insurance.
It’s quick, tailored, and affordable cover with Provide.
What types of insurance do logistics firms need?
Explanation | Importance for logistics industry | |
Marine cargo insurance / goods in transit insurance | Covers loss/damage to goods you ship.
Marine cargo: for international shipments
Goods in transit: for domestic shipments | Critical |
Covers employee work-related injuries/sickness, including Covid-19 infections | Critical | |
Covers injuries, and third-party property damage (e.g. injuries to others while moving your goods) | Critical | |
Covers vehicle damage, fire, theft, third-party liability, and more | Critical if you have vehicles to deliver goods | |
Covers fire, water damage, burglary, etc. to your office | Good to have | |
Covers professional liability from negligence, errors and omissions that occur from your logistics services | Good to have | |
Covers employees stealing money from you, or committing fraud against the organisation | Good to have |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does logistics insurance cost?
Cover | Coverage amount (example) | Typical premium | Explanation | Importance for retailers |
$100,000 | From $100/year | Covers: – Store premises – Inventory – Equipment – All other store contents – Plate glass (e.g. shop windows) | Critical | |
$100,000 | From $100/year | Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). | Critical | |
Work injury compensation insurance
| $10 million annual limit (market standard, required by Singapore law) | Sales assistant/cashier: $10/month, per worker Office-based roles: $5/month, per worker
| Covers work-related injuries/sickness, including Covid-19 infections. | Critical |
$5,000 | From $100/year | Covers employee’s stealing money from you. | Good to have |
Why use Provide for logistics insurance?
– Save up to 25% on your premiums
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week
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