'Fracas' cover offered in 1994
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
• International hauliers will be able to insure against lost business from next year in the event of their trucks getting held up in foreign road blockades and industrial action.
From February insurance broker Bain Clarkson plans to give protection to trucks which are held up in disputes overseas for more than three days. On the fourth day of a truck being trapped and each one after, it will give hauliers a daily £250 compensation for each truck insured. In return it will ask operators for a 35 annual fee per vehicle. However, Road Haulage Association and Freight Transport Association members will be given an improved deal.
Bain Clarkson director Glyn Edwards is in the final stages of agreeing a package with London-based insurance underwriter Strike Management. Edwards developed the scheme with the RHA after many of the association's members complained that they could not retrieve money they lost in the 1992 French farmers dispute.
"The RHA approached us after many of its members failed to get compensation from the French Government after some of their drivers were stuck in the dispute for nine days," says Edwards, who will run the scheme from Cardiff. "To my knowledge this will be the only scheme available which will give hauliers compensation after such action."