Risk Management and Insurance Solutions for Transport and Logistics
Businesses operating in the transport and logistics sector are grappling with a myriad of changes from a technological, legislative and economic perspective. To continue to operate profitably in an industry where margins are thin, executives are under pressure to identify, evaluate and adapt to these changes as quickly and efficiently as possible while continuing to win and retain more contracts.
In addition to external factors, a constant concern for businesses in this sector is its people. Facing an acute skills shortage, employers in this sector are concerned with providing their current employees with the best experiences, lift engagement, improve the mental and physical wellbeing of staff, and in turn improve productivity and customer experiences.
Unidentified risks can prove to be a constraint to revenue growth and profitability. We know from our work with this sector that Transport and logistics businesses with a robust risk management, safety and business continuity strategy enjoy improve efficiencies, and better employee engagement. Through investing in innovative insurance solutions and people strategies, businesses often see improved cost management and increases in staff productivity.
Solutions for the transport and logistics sector
We understand that a robust risk management strategy can help transport companies secure and grow their business. People, safety, and commercial insurances form our core solutions for this sector. From traditional risk issues such as people (managing an ageing workforce, attracting & retain talent or simply the cost of labour), occupational health & safety, or regulatory issues or newer emerging risk issues such as technological disruptors (automated processes, telematics, or blockchain) or newer legislative landscapes noting NHVR and the chain of responsibility. Through our presence in the global and local insurance markets clients can benefit from various risk consulting frameworks and specific commercial insurances that respond to the changing needs of the transport and logistics sector.
Our transport and logistics segments:
- Freight transportation
- Courier delivery
- Warehousing and storage
- Port and/or rail operations
- Freight forwarding
- Bus operators
- Truck and trailer rental & leasing
We also have the capability and expertise to assist those who may not be directly transport and logistics operators but those who have similarities, such as:
- Operations with large fleets of vehicles (sedans or heavy vehicles)
- Storage facilities
- Organisations who directly service the transport and logistics sector such as leasing companies or manufacturers.
For a discussion on how Aon can help, please contact our transport and logistics team today.