Do you insure your import shipments? Some importers choose not to (in effect, they self-insure) while others are happy to leave that task to their suppliers overseas.
We recommend that importers should look after their own insurance, preferably by getting an open policy with a local company. There are only a handful of specialists in this area, so it is relatively easy to compare their products.
One that caught our eye recently is a product called Cargo Plus, from QBE Insurance. They have a plain English policy that, unlike many others, gives cover for loss of profits. They have also decided to forego that perennial excuse for not paying out on claims: "insufficient packaging".
For more information, contact Neil Cousins at QBE, Tel (09) 308 8612, email@example.com.