The surge in policy uptake is attributed to the rising freight volumes and heightened regulatory scrutiny within the transport industry. Operators are increasingly recognising the importance of robust insurance coverage to protect against vehicle damage, third-party liability, and business interruptions. The 2024 National Truck Accident Research Centre (NTARC) Report highlights that over 85% of serious truck crashes involve multiple vehicles, emphasising the necessity for comprehensive insurance to maintain operational continuity.
Stirling Sanderson, Managing Director of Insuregroup, emphasised the critical 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."
Furthermore, many freight contracts and government projects now mandate specific insurance coverage levels before work can commence. Insuregroup, as a member of the Steadfast Group, offers 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 also noted that the 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," he added.
For transport operators, this trend underscores the importance of regularly reviewing and updating insurance policies to ensure they align with current operational risks and regulatory requirements. Engaging with specialised brokers like Insuregroup can provide tailored solutions that offer both protection and peace of mind in an increasingly complex industry landscape.
