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The Benefits of a Freight Forwarders Liability Insurance

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Transporting cargo across national and international borders is now easier than ever. Many shipping companies even operate across continents with ease. However, everyone involved in the delivery of these products always experiences worries on whether the cargo will arrive on time and whether it will get damaged in transit. In case the goods get damaged, everyone involved will have to pay huge sums of money in legal settlements, and that can be very bad for business. To reduce the stress involved in the transport of cargo, you should consider taking out an insurance plan for freight forwarder.

Benefits of a Freight Forwarder Liability Insurance

Here are some of the reasons why you should take a freights forwarder liability insurance policy:

  1. It Protects You from Legal Liability

Your company could stand to lose a lot of money if a client takes legal action on the loss or damage of their cargo. Since you are not in direct control of the goods, you can reduce the potential losses from such cases by taking out an insurance plan. With such a policy, the insurance company will be responsible for the payments resulting from the loss or damage of the goods. In fact, they will also cover business interruptions arising from the events. In other words, a freights forwarders liability insurance plan will transfer the legal risks to the insurance company.

2. It Protects Your Property and Contents

Natural calamities may strike at any time, and there’s no telling whether they will affect your business. The only sure way to make sure you don’t suffer losses when these events occur is by taking out a freights forwarders liability insurance plan. These insurance policies typically cover all services offered by the distribution, storage, and transport of cargo. Your property is used to performs some of these functions, and that means it is automatically covered in the plan.

3. It Protects You From Employer Liability

Very few things can stress an employer more than the threat of getting sued by an injured or sick worker. These compensation claims are usually very high, and they can easily cause financial stress in your company. With a freights forwarders liability insurance plan, you will be covered from this liability. That means any employee who gets injured because of their work will be compensated by the insurance company.

4. It is Affordable

Unlike many other forms of insurance, freights forwarders liability insurance is able to cover many things under a single umbrella. As mentioned earlier, the insurers endeavour to cover all the services offered on the cargo, and this includes its transport and storage. The result of this is that you will not have to pay multiple fees for different types of covers. You will eventually eliminate the duplication of services, and that will keep the pricing as low as possible.

Conclusion

Freights forwarders liability insurance is essential to all parties involved in the delivery of goods, particularly if the transaction is made across international borders. With this insurance, you will be protected from legal issues that may arise from the damage of loss of the goods. You will also protect your property and will receive coverage for any injuries on your workers. You can visit insurance brokers to get the best deals on the market.

Featured Photo © Pixabay

About The Author:

Caroline Bird is a creative writer and digital marketer. She loves sharing her perspective, tips and how-tos related to home improvement, productivity, business, technology, and SEO through her writing. Connect with Caroline via @bCarolinebird12

Plan of action in case of an accident

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No matter how much of a responsible driver a person is, road accidents are sometimes unavoidable. Road accidents, even minor ones, can be overwhelming to your mind, if not to your body. While being a vigilant and responsible driver is a great way to avoid accidents, it is better to be prepared.

Having a contingency plan for such emergencies will help you keep yourself and others safe. Knowing what you have to do will help you reduce your reaction time to the situation, and when it comes to road accidents, a few seconds can make all the difference. If you ever find yourself in an accident, take the following steps to ensure a safe outcome:

Do not panic

As mentioned earlier, accidents can be overwhelming. It is commonly noticed that people experience a range of emotions right after they have been in an accident. If you experience something similar, make sure you remain calm. Staying calm will help you assess and handle the situation better.

Some people tend to panic and flee from the scene of accident. This is not advisable at all. If you are ever in an accident, never leave the accident scene before it is appropriate to do so. Running away from the scene of accident can have serious legal implications.

Make sure everyone is safe

If it is not possible or safe to get out of the car, make sure you, and everyone else inside the car is properly buckled in. If possible, contact emergency services immediately.

On the other hand, even if the accident is minor, it is your responsibility to first make sure everyone involved in the accident is unharmed.

Contact emergency services

Once you have made sure everyone is safe, contact the emergency services. If nobody requires medical attention, contact law enforcement and your preferred towing company in Perth. If possible, make notes of what happened at the scene. This will help you better illustrate it to the police and to your insurance company.

Bonus tip: Choosing a towing company in advance is a great idea to save yourself from hassle in an already difficult situation. Moreover, doing so would give you time to research and find the most feasible option.

Exchange information

This is crucial. Once you have made sure the emergency services are on their way, start collecting names, numbers, addresses, license plate numbers and insurance information of all the drivers involved. To be on the safe side, exchange the same information with other passengers involved in the accident. Keep in mind that the accident scene is an intense environment for everyone, and try to be cordial and cooperative while exchanging information.

However, being cordial does not mean you need to unnecessarily apologise to anyone. Never ever, intentionally or unintentionally, apologise or accept any mistakes that you think you may have done. Accepting mistakes may later translate into accepting the legal liability of the accident. Moreover, it might create problems with your insurance provider.

Get a medical check-up done

Even if the accident is a minor one and there are no visible injuries or pain in your body, it is advisable to see a doctor. Sometimes, internal injuries remain ignored, and turn into serious problems later on. It is best to be safe and get a doctor’s opinion.

Conclusion

A little preparation goes a long way, especially in case of emergency situations like road accidents. Keeping calm and being able to handle these situations responsibly will ensure your safety, along with the safety of those you care.

Can Seniors Benefit From Insurance In Australia?

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Life has never been predictable. It does not matter if you are 20 or 65 years old, you will still be clueless about what is around the corner for you. The last thing anyone wants to do is have their loved ones drown in bills because they got terminally ill, leave the world by being a burden on their family which has to bear the funeral expenses, and become financially unstable because they were dependent on you.

However, the good news is that older people are eligible for life insurance; in fact, 2 in 5 Australians get life insurance because they are getting older. Even when you build up a nest egg over time, life insurance makes sure that your family does not have to deal with such sudden costs.

 

What is the Eligibility Criteria for Seniors?

Life insurance for seniors is available to most Australians as long as they do not suffer from any serious medical condition. In many cases, you may be required to take a medical exam or have blood tests when filling out the insurance application. But this is not different from the process that you would have had to go through had you decided to get life insurance earlier in your life.

 

The Perks of Getting Insured as a Senior

You probably get to hear a lot about how premium costs are low when you apply for insurance in your 20s and 30s, but there are some advantages to applying as a senior as well. According to Australian statistics, you have a 1 in 3 chance of developing a serious medical condition before you reach 75 years of age; if you are a woman, there is a 1 in 4 chance of that. You also have the same odds of developing a disability.

However, many people who get ill realize that they opted for the wrong insurance plan, the one that does not suit them at all. People who opt for life insurance earlier in life opt for a plan that seems good enough when they have no idea how their life would turn around, and whether they would need medical insurance more than life insurance or a mortgage protection plan.

When you are old enough, you start figuring out the things that could provide you with a bit of security and would give you immense peace of mind. This is exactly why applying for insurance plans in your old age is highly favoured and is a smart move. There is always convenient funeral insurance product to help you safeguard your family’s future.

It is possible that you are leaving behind kids who are too young, or a spouse that you don’t want to go through any financial hardship. In this case, you should go for life insurance if you feel you do not want to burden your family with the cost and expenses associated with arranging a funeral.

Small Businesses Insurance Policies with Combined Coverage

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Running a small business require the owner to know a few things related to it. They will need to know about their products, market and a few other things like insuring their business cost effectively. Keeping the costs down is very important to stay afloat. Otherwise, businesses may struggle to make the ends meet even though they are successful in sales.

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Insuring Your Business

Insurance is a great tool to control the unknown risks by passing them over to insurers. Businesses can buy policies to get protected against theft, fire, flood, other weather related damages, accidents, employee injuries and injuries and damages to public. Most insurance companies offer well thought combined policies to handle most of those risks.

Commercial combined coverage packages are suitable for most small and medium businesses. They can be bought for shops, warehouses, manufacturers, caterers and many other enterprises. They may come under different names like shop, restaurant or manufacturer packages. Whatever they may be called they serve the same purpose and consist of similar covers.

Combined Business Insurance Policies

Most insurers offer commercial insurance policies that cover most risks associated with running a business under one policy. Entrepreneurs can save money, time and get peace of mind with these packages. Here is what they would usually include:

Property

Rebuilding cost of the premises can be included in the coverage if it is owned. This will eliminate the need to insure it separately that can offer substantial savings. Some combined policies that include the building coverage too can be cheaper than buying standalone building insurance.

Stock

One of the first thing people want to insure is their stock. Generally, estimated value of the stock would be enough to cover them against the listed perils.

Goods in Transit

Most manufacturers and suppliers would have goods in transit and their commercial policy would cover it outside of their warehouses while they are on the way to customers. If the vehicle carrying them has an accident business insurers will step in to pay for the spoiled goods. The Auto insurer pays the damages to the vehicle separately.

Loss of Profit

When the premises suffer damages that prevent the business from operating the owner suffers losses and still has to pay for overheads. Overheads like wages, rent, local taxes, and leases will be covered by the insurers including reasonable loss of profits so that owners can pay their living expenses. This portion of the policy will look at historical accounts to judge the loss.

Glass

When there is shop-front it can be included to get compensation just in case glass gets smashed.

Employers Liabilities

Most countries legally require employers’ liabilities coverage. Generally a good combined policy will have more than legally required amount of liabilities coverage. It is essential in any business to make sure that employees are insured against work related injuries. Small business owners are not equipped to deal with lengthy injury claims on their own and they would be very pleased that their insurers will deal with them. Also, they wouldn’t want to run into legal problems.

Public Liability

Another essential part of business insurance policies is public liabilities coverage. When there are customers, delivery drivers and other people regularly visiting the premises it is essential to buy public liabilities coverage just in case they suffer an injury inside your shop, warehouse or factory. They may also suffer after consuming/using the products or have other problems with it.

When the property is included in the coverage this will come with property owners liability as well. It is important to point out that public liability is different from professional indemnity. Advice based businesses like accountants, solicitors and financial advisors would normally need professional indemnity policy separately.

Combined policies are comprehensive as discussed above and yet they can be very economical. It would be confusing and very expensive to insure all the above risks separately. That is why small business owners should look for them.

This article is contributed by Joe Moore of http://cheapautoinsurance.net. Joe has spent considerable time in the insurance industry before moving onto provision of auto insurance information and quotes on his blog.

Join Joe Moore @ Google+ https://plus.google.com/117528847130879120685/

Getting a insurance quote for your car

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Insurance for your car is one of the things that people don’t plan for when they plan to buy a car Buying a car can be a difficult task with heaps of research to be done and lots of different factors to be taken into account , like the mileage the car will give , the space inside the car and the what kind of car are you seeking sedan , 4 door , 5 door, small car , Hatch and many other factors. Often people don’t realise but just buying a car is not the only thing that you need to plan for when you decide to get a car, but there are things like Insurance for your car, servicing contract for your car also that needs to be planned and researched. Insurance for your car can be one of the major things you will need to research even more as this ensures the safety of your car in case of accident theft and incidents out of your control.

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Insurance for your car often comes as an afterthought after the car is bought and often ignored, however if proper research is done regarding what sort of insurance you want you can save money over the long term with proper planning. Nowadays getting a car insurance quote has been made easy by many online websites that just allow you to just input details of the car you are buying and get a approximate quote for insurance instantly, rather than doing the old fashioned way of visiting or calling insurance company.

With a car insurance you are protected in the event of unforeseen events and you can hit the road secure in the knowledge you have reliable and cost-effective comprehensive car insurance

Things to keep in mind while getting car insurance

You can vary your excess or simply adjust your excess on the online quote form or with insurance company, and see the change in price on your premium.

Some companies give you discount or provide cheaper quotes when your policy is bought online as they tend to save on processing and manpower costs.

Some insurance companies offer a new car discount if you get a policy before your car turns two years old

How are Insurance Premiums for cars worked out?

The “insurance company” gather large amounts of historical data so that the patterns of insurance payouts can be calculated accurately in case of a payout is needed. When you enter your individual details into the insurance company automated system, the computer databases compare this with other people who match your profile and the also the risks that are associated with them.

Factors that re taken into account when your quote is given

· Your age

· The make and model of vehicle

· Annual mileage

· Whether the driver is male or female

Getting a car insurance quote online is simple if you do a little preparation for the questions you’ll need to answer.  Refer questions above. To obtain your instant car insurance quote online and purchase a policy, you’ll need to provide information for each driver on the policy you are taking including address, driving record, and driver’s license number. You will also need to provide the Vehicle Identification Numbers for the cars you want to insure, if not available automatically based on your address and vehicle records. Get a online car insurance quote here

How to qualify for affordable life insurance quote

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Mortality rate has greatly reduced in the whole world due to lots of factors that have not only been declared national disasters but because they even take a lot of lives. You would expect that only few people would be dying nowadays due to the advancements made in both the technological and the field of medicine but in the contrary a lot of people continue to die. Unlike back in the day when diseases and war were the major cause of deaths, in these days human negligence and ignorance is one of the major causes of death and this leads to terminal illnesses due to contamination of the environment, accidents and also obesity. With nobody being certain of tomorrow, most of the people have resorted to life insurance so as to be able to provide their families a lump sum of cash when they die.

Precaution

How life insurance works

With the intensive campaigns and penetration of lots of insurance carriers offering life insurance quotes it has become easier to access and get affordable life insurance coverage. Unlike back in the day a lot of people nowadays understand the dynamics ad how life insurance works hence the increase in the number of individuals that have purchased life insurance quotes.

Legibility

Unlike back in the day when there were only few insurance carriers offering life insurance coverage and few people covered, today there are a lot of companies that have lessened their terms and conditions so as to attract a lot of people. For you to qualify for affordable life insurance offered by most carriers you must be over 18 years but not older than 66 years, however, you will be covered until you reach 70 years old and after this your coverage expires.

Factors that enable one to get affordable life insurance coverage

Below are some of the factors that will enable you to get life insurance quote with low monthly premiums.

· You are not smoking.

· You do not take alcohol.

· You have a good medical history.

· Your work is not considered risky or you do not take part in risky sporting activities like mountain climbing.

Best place to get cheap life insurance

The internet is the best place to get affordable life insurance quote, this is because there are lots of carriers online fighting for the same customers and with this stiff competition most of them have lowered their price so as to attract more customers. Also, most of the carriers offer discounts for customers purchasing life insurance quotes online plus it is very fast and easy to purchase life insurance online.

Exclusions

Even though you can file a claim and be compensated while under your affordable life insurance quote there are events that you will not be compensated for and they include:

· You are suffering from a terminal illness like cancer, HIV/Aids, heart illness, obesity that your life insurance carrier has not accepted to cover.

· If the insurance carrier has accepted to cover for your terminal illness it cannot compensate you in the event of death in the last 18 months of your policy.

This article is a guest post by salbi99 in life insurance,for more please click here.

Australian Insurance under scrutiny due to floods

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With massive floods  damaging large parts of Queensland and  currently in Victoria ,  the insurance companies   are surely going to come  under more scrutiny  than any other corporate sector  due  wide damage done to houses and businesses in Australia due to the floods.

The floods  will not only  leave many of the people with nothing much to hang on too ( specially those who are not covered) , but will also deliver a massive  blowout to the insurance companies  and their profits as well.

So, Are you covered for  floods  ? what are the different type of food Insurance  covers ?

Irrespective of the damage that has wrecked many households , the insurance companies are here to run a business , and run it profitably, so they are not going to pay out claims if it is not covered out of good generosity. In fact many will be willing to argue that  they will not cover  floods even if   the insurance cover is a sort of a grey area ( like different type  of floods  Insurance covers).

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Riverine or inland floods

Consumer group Choice examined 45 insurance policies available nationwide and found only 13 – about 30 per cent – cover riverine or inland floods, or the swelling of river and creek banks, problems commonly seen as rains battered Queensland. Riverine flooding is caused by rivers and creeks swelling “due to long duration rainfall over large catchment area.

What is my flood cover with insurance company ?

Because flood cover is not offered in most house and contents insurance policies, people may find out too late that they are not covered for the losses caused by a flood. Floods occur when rivers; creeks; lakes; dams; reservoirs; and other natural watercourses (even if modified by humans) burst their banks or overflow.

However your policy will probably cover you for stormwater and possibly rainwater damage. Insurance companies generally define these events differently.

Different type of flood covers

  • storm water damage occurs when the storm makes an opening in the roof or walls and lets water in; and
  • rain water damage occurs when the rain gets into your building because it cannot drain off the land any other way; and
  • flood damage occurs when rivers, dams, lakes and natural watercourses (even if they are often dry) overflow.

You should check with your insurance company if you are unsure whether your existing policy covers damage caused by storm and/or flood. Ask them to clearly explain that part of your policy where flood cover, or flood exclusion, is contained. This will allow you to work out whether to change your policy if you need insurance for flood damage.

 

Of the three types of flooding, the type most commonly covered is flash flooding or storm water flooding, according to the Insurance Council.

It has become common for some insurers to provide cover against ‘ flash flooding’ which is a more popular insurance that the insurance companies have sold recently. This occurs  when the damage to your property occurs within 24 hours of the rain that caused the flood. This cover may be optional (you have to pay more, and it may only cover you for a smaller amount eg 20% of the sum insured).

Deciding whether you need flood cover ?

Flooding may occur only rarely, say once ever 50 or 100 years, and reliable facts can be hard to come by. Here are some likely sources of information:

  • your Council may be able to tell you straight away if you live in a flood prone area. (Even if the Council cannot answer this question directly, Council staff or elected members of the Council may at least be able to tell you if flooding has occurred in the area.);
  • the local water authority
  • local newspapers;
  • local solicitors or conveyancers who handle property matters;
  • insurance companies who do business in the area;
  • local insurance brokers; and

Insist on getting the policy in writing before you buy, because you need time to understand and compare the wording of different policies to make sure you get the right protection. Its is best not  to  buy flood insurance over the phone without reading the policy first.

The Queensland floods may cost insurers and reinsurers worldwide as much as $6 billion in what might be Australia’s costliest disaster in history, Bloomberg has reported  and it is still growing.

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