Standard Insurance Scheme for
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Removers:. Transport Rates Up AFTER a year's 'work, the insurance committee of the National Association of Furniture Warehousemen and Removers has completed a new standardized scheme for the insurance of customer's' property against loss and
damage in transit and in store. . The" kkifoiPtion's executive has approved an iimnediate increase of at least 10 per cent. in the recommended 'rates for small lots.
The insurance scheme is based on a plan originally put forward in 1949 by Mr. E W. H. WinwoOd, who will describe it at the Association's annual conference at Cheltenham later this month (programme on page 419). It is based on a surcharge of 21 per cent. on removal and storage turnover figures. It is proposed that this sum he added separately to every bill.
The cover is exceptionally wide. There is no excess, and the only important exclusions are fire at the depository and damage by moth. Every consignment is insured up to a maximum of 0,000, and it is not necessary for the customer to declare value unless £5,000 is exceeded. Normally, the premium would be paid in advance and based on the estimated turnover. The contractor would receive a commission of 15 per cent. on the premium. A low-claim bonus of 25 per cent. is payable if claims do not exceed 25 per cent. of the premium. The insurance committee recommends that this rebate should be distributed among the remover's employees.
B-licence Conditions The Association's annual report, to be presented at the Cheltenham conference, states that many B-licensee removers have found that on applying for the renewal of licences, the Licensing Authority has suggested. that the definition, "ordinary furniture removal," in the Transport Act, 1947, should be substituted for the existing condition of a licence.
"If this definition became a condition of a B licence," says the report, "the result in the majority of cases , would undoubtedly be that a contractor's operations would be restricted to some extent."