Insuregroup, a brokerage focused on the transport and logistics industry, has reported processing more than 10,000 insurance policies since its founding, with a 25% increase in policy volume over the past year.
The company attributes this growth to heightened demand for truck insurance as freight activity and regulatory expectations continue to rise across Australia.
The Australian transport sector is experiencing increased freight movements and closer regulatory scrutiny, prompting many operators to reassess their insurance needs.
The 2024 National Truck Accident Research Centre (NTARC) Report indicates that over 85% of serious truck accidents involve more than one vehicle, reinforcing the necessity for comprehensive insurance arrangements to address vehicle damage, third-party liability, and business interruption.
The latest NTARC Major Incident Investigation Report – released as part of Safe Work Month – identifies inattention, distraction, and inappropriate speed as the most frequent human-related factors in major truck crashes.
The 2025 report shows a slight decline in these factors compared to the previous year. Inattention or distraction was linked to 17.9% of major truck crashes in 2024, down 1.6% from 2023.
Dr Jasmine Proud from Monash University’s Accident Research Centre said: “Inattention/distraction accounted for 17.9% of all major incidents in 2024, a fall of 1.6% on the previous year. These are most commonly single-vehicle incidents, indicating this issue is one the transport industry is best placed to address.”
Stirling Sanderson, managing director at Insuregroup, said truck insurance goes beyond meeting legal obligations; it provides crucial protection for drivers, business operators, and the entire 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,” he said.
Insuregroup’s growth is also linked to the increasing number of freight contracts and government projects that require operators to maintain certain levels of insurance before work can begin.
The brokerage, as part of the Steadfast Group, offers clients access to a wide range of insurers and policy options, supporting businesses from single-vehicle operators to large national fleets.
Sanderson noted that the 25% increase in our policy count signals ongoing changes and renewed activity within the transport industry.
“We’re seeing operators invest in more considered insurance approaches to help safeguard their livelihoods – and we’re committed to supporting that shift,” he said.
