Freight Forwarding & GIT/Haulage Liability

About the course

This intermediate level insurance webinar 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.

Course Content

• • 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?