Description
This intermediate level course is for those who wish to have a better understanding of the risks faced by both freight forwarders and road carriers. It will consider how they do business, risk analysis including loss prevention and typical coverage/exclusions.
What you will learn
- Goods in Transit
- What is the client’s underlying business and what risks do they face?
- What law applies to the movement of goods – both domestically and internationally?
- What will the insurers be thinking about in considering the risk – what questions does a typical proposal form ask and why are the insurers interested in that information?
- How can the client mitigate their risk – what loss prevention steps can they take?
- What is accumulation and how can it arise in a GIT risk?
- Who are the buyers and sellers of GIT insurance?
- Review of a typical policy form – what are the main areas of coverage, exclusion and specific requirements by insurers.
- GIT claims – what claims are typically made on GIT policy – will they always be subrogated claims from cargo insurers?
- GIT claims handling – how best to manage liability related claims
- Freight forwarding
- What is meant by the term freight forwarder
- Combined transport operations and through transport operations
- Should they FF just organise or should they perform any part of the carriage
- Actual carrier
- Contractual carrier
- What are the risks when either just organising or performing carriage as well
- Other services and the risks they pose
- Storage
- Packing
- Manufacturing
- Why might a FF offer their clients a normal cargo policy – what business might it provide
- What are the insurers going to be interested in – closer look at a proposal form
- What claims might arise, will a FF be the only target?
- What loss prevention/ risk management steps might insurers expect?
01525 850086
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