Marsh has revealed that transport and logistics firms across Europe are struggling to cope with new categories of liability and an increasingly complex regulatory landscape.

Marsh’s latest research, “Liability Insurance Buyers Report Europe 2007”, looks at the issues, trends and aspects of the transport and logistics industries that will influence insurance buying and risk management strategies of companies in this sector in 2008 and beyond. The report also examines the prices paid for, and the volume bought of general and product liability for 139 companies in the transport and logistics sector across Europe.

The report highlights that while most European transport and logistics firms take professional advice about risk management, much of it is not targeted at the areas companies know can damage them the most, such as contractual risk, regulatory risk and reputation/brand risk. Together, these three categories were cited by about two-thirds of all survey respondents.