The convenience of e-commerce transactions during and following the upheavals of Covid has catalysed South Africa’s embrace of online retail and fuelled a substantial contribution to heightened activity within the nation’s freight and logistics sector. As reported by Mordor Intelligence, the industry’s 2023 value of R402 billion has a projected […]
Tag: truck insurance
Top 10 risks facing the transportation and logistics sector
The transportation and logistics industry has been battling the operational and commercial fallout of multiple global crises, including the COVID-19 pandemic and geopolitical conflicts. Because of the industry’s significance for the global economy, risks and challenges facing the industry will continue to receive scrutiny. Aon’s latest Global Risk Management Survey […]
Truck collision on the N1 between Hanover and Colesburg
Road users are cautioned to be on alert on the N1 between Hanover and Colesburg. A truck veered off the road and caused a collision. Police, Traffic officers and EMS were activated to the scene of the collision. Truck collision on the N1 between Hanover and Colesburg https://t.co/r5xDaKJ7fc#ArriveAlive #TruckCollision @NC_drpw […]
Goods-In-Transit: Know more and protect your movable assets
• Do you have the right insurance product? The majority of GIT policies in the market are for carriers of TP goods, whilst in their care/custody/control. For these policies to perform, there has to be clear contractual transfer of “risk” or “liability” from the cargo owner, down the line through […]
Semigrating? This is why you need goods in transit insurance
The South African coastal property market is booming, and the driving force behind this is semigration – a trend that has resulted in an influx of families relocating to the coast, and the Western Cape in particular. While moving is often an exciting adventure, it can also be a risky […]
Business under-insurance is on the rise, especially among SMEs
In Aon’s latest 2023 Weather, Climate and Catastrophe Insight report, flooding was identified as the second largest peril across the globe and the most prevalent peril on the African Continent, with a devastating economic loss of $66bn (R1,185bn). While the KZN floods of April 2022 were noted as the largest […]
SME business owners in trucking and logistics share their experiences on starting and running a fleet business
Setting up and running a fleet of trucks means you must be on top of your game – this is a cutthroat industry and, with so many balls in the air, it’s easy to drop one. There’s no doubt that logistics is booming, driven at least in part by the […]
Dunlop becomes first tyre manufacturer in South Africa to launch truck tyre insurance
Truck owners and operators demand the most from their tyres, which are an essential aspect of keeping fleets moving and getting drivers and cargo safely to their destinations. With the high mileage requirements of heavy vehicles in this sector, there is enormous pressure to maximise cost per kilometre (CPK), reduce breakdown […]
Truck hijacker to appear in court
Swift action by police officers on patrol led to the arrest of a hijacker in Nyanga this morning. The 35-year-old man and his accomplices attempted to hijack a commercial truck at an intersection at the corners of Govan Mbeki and Link Roads whilst the truck was stationary by directing it […]
Fleet insurance: start the new year by making sure you have the right insurance cover
By Jason Mellow, Head of MiWay Business Insurance The past few years have been difficult for most businesses, and has proven that now more than ever before, insurance cover is a must-have to provide a buffer against uncertainty and unforseen risks. What has changed? The pandemic, with its associated lockdowns […]