GET THE BEST INSURANCE POSSIBLE
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--211 US 'rig is I ramount to any
haulier worth their salt.
While continuity planning is important, business interruption insurance might also be worth considering.
Such cover would usually be with your property insurer, which is a much wider market with more participants, and your broker would need to ensure you apply it to the premises you occupy.
"You may also want to consider environmental impairment liability insurance, if the fire brigade deals with a fire at your premises, could toxins from the vehicle or load get into the local waterways?" says Cooke & Mason's Grantham. "Standard insurance would not cover your liability."
Ultimately, tight margins mean hauliers can't always afford the insurance they would like, seeing it as another cost to be managed downwards.