Why do Transportation and Storage businesses need insurance?
While you deliver and store goods for customers, let us deliver the best business insurance offerings to you. With just a few clicks or a single phone call, you’ll get multiple competitive quotes from some of South Africa’s leading insurers and get covered instantly.
What should I consider before purchasing insurance for my Transportation and Storage business?
Protecting your business from unexpected events and challenges is where business insurance comes into play, providing cover for when you need it most for things like your vehicles, goods in transit, theft and public liability claims.
Fundamental Insurance for Transportation and Storage
Regularly selected Insurance for Transportation and Storage
Insurance for Transportation and Storage
Goods in Transit
Goods in Transit covers the transporting of goods which is an essential part of transport businesses. Getting cover for the stock that you’re responsible for while it is in transit will protect your business from the risk of theft and collision on South Africa’s dangerous roads.
Motor
Motor is usually always taken within the transportation and storage businesses as they have motor vehicles such as trucks and delivery vehicles. Getting protection for motor is essential, especially in South Africa.
Public Liability Insurance
Public Liability cover the many possible accidents that could happen in a transportation and storage environment.
The cover is designed to provide protection for you and your business in the event that a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Theft
Theft is one of the most common insurance claims transportation and storage business owners have. Your business might be the victim of theft or fraud from outside of your business or sometimes one of your employees may steal from you and you’ll need Employee Dishonesty cover.
The right business insurance will cover you against acts of theft and fraud, whether these come from your own employees or from outside of your business.
Accidental Damage
Accidental damage covers loss from unexpected and unforeseen physical loss of, or damage to, business property at your premises. It can also include damage caused by discharge or leakage of chemicals, oils, liquids, fluids, gases or fumes which can cause severe damage to your business.
Protection against fire, storm and other natural events can be found in the Buildings and Contents sections.
Buildings
Buildings are usually one of the most important assets for a transportation and storage business. This insurance can protect your business when your buildings are damaged due to fire, storm, earthquake, wind and more. You may also want to cover the Contents of your buildings (office equipment, machines and stock).
Business Interruption
Business Interruption is important for the continuity in transportation and storage businesses. What happens if there are fires and floods that stop you from successfully running your business?
This type of insurance covers you for financial loss as a result of an interruption to your business caused by an insured event (such as fire). This can also cover you if you are being prevented from accessing your premises.
Getting the Right Insurance for Transportation and Storage businesses
Your transportation and storage business is unique, having its own risks and insurance needs. Bi-me gives you access to multiple quotes to compare with some of South Africa’s top insurers, so you can choose the right cover to suit your business.
Our friendly team is only a phone call or a few clicks away to assist with getting your business covered in minutes.
Did you know?
Commercial leases often require tenants to maintain Public Liability and Glass insurance. There may also be a requirement that your landlord is noted as an interested party on the insurance policy.
Could this happen to your business?
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Overnight storage
The location where a logistics business stored goods overnight had a fire. The buildings were severely damaged and many clients items were destroyed.
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Stolen items on the road
A van filled with goods was involved in a collision. The vehicle was damaged and the goods were looted while the vehicle was stranded.
Frequently asked questions
The obvious factors are your selected sections and amount of cover – more protection means higher premiums. Other major factors include occupation, address and claims history. If other businesses in your occupation or area have had lots of losses in the past, premiums will generally be higher.
If your business has had lots of losses in the past, your premiums will usually be higher. It is very important to be honest when disclosing all of your information – if an insurer finds that you were dishonest, you may not be covered when you have a claim.
All goods that are typical to your business would be covered, however if you choose to transport items outside of your business scope then you may not have cover on those items.
Yes, you can cancel your policy with immediate effect 24/7 on your Bi-me portal. We will then process your pro-rata refund (if applicable) – the money should be back in your account within 7working days.