The surge in policy uptake is attributed to the growing complexities within the transport industry, including increased freight volumes and heightened regulatory scrutiny. Operators are increasingly seeking robust insurance coverage to safeguard against vehicle damage, third-party liabilities, and business interruptions. The 2024 National Truck Accident Research Centre (NTARC) Report underscores this need, revealing that over 85% of serious truck crashes involve multiple vehicles, emphasizing the importance of adequate insurance protection.
Stirling Sanderson, Managing Director of Insuregroup, emphasized the critical role of tailored insurance solutions in the current landscape. He stated, "Truck insurance isn't just a legal requirement-it's an essential layer of protection for drivers, business owners, and the broader supply chain. Our role is to simplify the process and help operators access insurance options suited to their needs, so they can stay focused on keeping their businesses moving."
Insuregroup's growth is also linked to the increasing number of freight contracts and government projects that require operators to maintain certain levels of insurance before work can commence. As a member of the Steadfast Group, Insuregroup offers clients access to a wide range of insurers and policy options, supporting businesses from single-vehicle operators to large national fleets.
Sanderson noted that the 25% increase in policy count signals ongoing changes and renewed activity within the transport industry. "We're seeing operators invest in more considered insurance approaches to help safeguard their livelihoods-and we're committed to supporting that shift," he added.
For transport operators, this trend underscores the importance of regularly reviewing insurance coverage to ensure it aligns with evolving operational risks and regulatory requirements. Engaging with experienced brokers like Insuregroup can provide valuable insights and access to tailored insurance solutions that meet the unique needs of the transport sector.
