subject: Car Export And Import Insurance [print this page] Road risks, vehicles and cargo storage and all forms for liability insurance are covered in car import and export insurance.
For most people working in the motor trade, shifting cars around in a showroom or down the road to a mechanic is a part of their daily work. There can be an element of risk involved, but nothing in comparison with moving motor vehicles across borders and through some volatile regions of this world we live in. Getting a car from A to B carries a good deal more risk when A and B are hundreds, if not thousands, of miles apart. For anybody transporting vehicles across long distances, car importers and exporters, the correct cover is really a must. No matter whether you bring foreign vehicles into the country, sending cars overseas, forwarding freight or importing and exporting equipment and spare parts, having the proper safeguards in place is vital.
Taking into account the truth is many vehicles will be required to travel long journeys, usually onboard ships, the chance for damage or theft is high. If you make a living out of this type of trade, costly damage to your stock or stolen vehicles will severely eat into your profits.
Liability insurance to safeguard employees and customers:
Exporting and importing can be a tricky process to pull off on your own. You will need personnel and if this is the case, you are legally obliged to possess employers liability insurance. This is going to cover you for any claims brought against you if one of the workers are injured or fall ill while working for you, wherever that may be. Public liability will help with claims brought by customers or members of the public who suffer injury, illness or damage to their property as a consequence of your operations.
Despite the fact that a great deal of the work may be done in transit, you are likely to operate at a central locality. That is why it is also an excellent idea to possess building and contents cover as part of your car import insurance policy in case your central premises are affected by flood, fire or any other natural disaster. Contents cover will protect you for theft of stock or damage to fittings and fixtures. However, if any of these mishaps befalls your day-to-day operations, youll also hold the safety of business interruption insurance which will safeguard your income when you have to stop business for any period of time.
Reducing the risk on the road:
Moving vehicles over large distances means there will almost certainly be plenty of drivers involved. With road risk insurance, all of the drivers can be covered by one policy which saves on time and red tape. Road risk comes in various kinds of cover - third party, third party fire and theft and comprehensive. Third party will be the minimum amount of cover allowed by law, and is the cheapest. However, if you are moving vast quantities of vehicles every year, you might consider protecting your goods with the best possible cover.
MotorTradesInsurance.com deals with specialist motor trades insurance brokers, meaning they are allowed to find the best car import insurance deals on offer. With so many different features available, many car importers and exporters may opt for a combined policy which brings together all the different strands of cover into one plan. Make sure that your vehicles are covered, whether they are coming or going, with a car importers and exporters insurance plan.
by: Stephen Drummonsy
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