The surge in policy uptake is attributed to several factors impacting the transport industry. Notably, there has been a marked increase in freight volumes, coupled with heightened regulatory scrutiny. These developments have prompted truck operators to seek robust insurance coverage that addresses potential financial and compliance risks associated with vehicle damage, third-party liability, and business interruptions.
According to the 2024 National Truck Accident Research Centre (NTARC) Report, over 85% of serious truck crashes involve multiple vehicles, highlighting the critical need for comprehensive insurance to safeguard fleets and ensure operational continuity. This statistic underscores the importance of tailored insurance solutions that cater to the specific challenges faced by the transport sector.
Stirling Sanderson, Managing Director of Insuregroup, emphasised the essential role of truck insurance beyond mere legal compliance. 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."
In addition to the intrinsic need for protection, many freight contracts and government projects now mandate specific insurance coverage levels before work can commence. Insuregroup facilitates this process by offering clients access to a broad network of insurers and competitive policy options, catering to a diverse range of operators from single-vehicle owner-drivers to large national fleets.
Sanderson further noted, "Our 25% growth reflects the broader transport sector's recovery and evolution. We're seeing operators invest in more considered insurance approaches to help safeguard their livelihoods—and we're committed to supporting that shift."
As the transport industry continues to navigate a complex landscape marked by increasing freight demands and regulatory requirements, the role of specialised insurance brokers like Insuregroup becomes increasingly vital. Their expertise and tailored solutions provide operators with the necessary tools to manage risks effectively and maintain the resilience of their businesses.
