Insurance for Logistics & Transport

Insurance for Logistics & Transport Companies

Singapore's position as a regional logistics hub means the industry operates at scale and at speed. Freight forwarders, warehouse operators, last-mile delivery companies, and transport firms all handle high volumes of goods and face risks at every stage of the supply chain — from warehousing and handling to transit and delivery.

The financial exposure is significant. A warehouse fire can destroy millions of dollars in stock — both your own and your clients'. A delivery truck accident can trigger third-party injury claims, vehicle damage, and cargo loss simultaneously. Worker injuries from manual handling and forklift operations are among the most frequent WICA claims in Singapore. The right insurance programme protects your business across all these risk points.

Common Risks

Cargo liability. When goods are in your care — in your warehouse, on your truck, or at your handling facility — you're responsible if they're damaged, lost, or stolen. A single shipment of electronics or pharmaceuticals can be worth hundreds of thousands of dollars. Cargo and goods-in-transit insurance protects your liability exposure.

Warehouse fire and flood. Warehouses in Singapore store enormous concentrations of value in relatively confined spaces. A fire that starts in one section can spread rapidly, destroying inventory across multiple clients' stock. Property insurance needs to reflect the full value of goods held — which can fluctuate significantly.

Fleet risk. Delivery vehicles and trucks spend hours on the road every day. Accidents happen, and the consequences — third-party injury, property damage, vehicle repair, goods damage, and business interruption — can be severe. Motor fleet insurance, combined with goods-in-transit cover, addresses this exposure.

Manual handling injuries. Loading, unloading, stacking, and packing are physically demanding activities. Warehouse workers and drivers are at constant risk of musculoskeletal injuries, forklift accidents, and falls. WICA insurance is mandatory, but ensuring adequate coverage limits and fast claims response is critical for employee welfare and operational continuity.