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?

Cover

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

Work injury compensation insurance

Covers employee work-related injuries/sickness, including Covid-19 infections

Critical

Public liability insurance

Covers injuries, and third-party property damage (e.g. injuries to others while moving your goods)

Critical

Commercial vehicle insurance

Covers vehicle damage, fire, theft, third-party liability, and more

Critical if you have vehicles to deliver goods

Commercial property insurance

Covers fire, water damage, burglary, etc. to your office

Good to have

Professional indemnity insurance

Covers professional liability from negligence, errors and omissions that occur from your logistics services

Good to have

Fidelity guarantee

Covers employees stealing money from you, or committing fraud against the organisation

Good to have

Commercial property insurance

shop fire insurance

Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.

Public liability insurance

public liability insurance

Public liability insurance will protect you from liability for injuries/property damage to third-parties. 

Fidelity guarantee insurance

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

Commercial property insurance

$100,000

From $100/year

Covers:

          Store premises

          Inventory

          Equipment

          All other store contents

          Plate glass (e.g. shop windows)

Critical

Public liability insurance

$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

Fidelity guarantee insurance

$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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