AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Peter Blanc is director of FMW which specialises in arranging insurance and risk management programmes for transport operators....

29th July 1999, Page 50
29th July 1999
Page 50
Page 50, 29th July 1999 — Peter Blanc is director of FMW which specialises in arranging insurance and risk management programmes for transport operators....
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

w If you would like to feature in Working Week please fax your details to features editor Patric Come or NI* Clarke on 0181 852 8012 or phone 0181 852 MTh.

MONDAY

Management meeting at Bam to agree the main operation decisions within the company and also to review the previous month's management accounts. All is well except the increase in our own motor fleet costs—quite how our hauliers are managing is a keen topic of conversation. lam out of the meeting by 10am for a "prerenewal" meeting with a 100-vehicle firm down in Dartford. They've not had a bad claims year but they're still having more than one claim per vehicle and the third party injury claims costs are going through the roof. We are going to have to agree to put all drivers through a driver training programme if we are going to have any chance of securing reasonable renewal terms.

TUESDAY

After dropping my car off for service, I pick up a courtesy car and go straight to my first appointment in Witham with a first class haulier that I have insured for 10 years or so—helping to complete a credit insurance proposal. These are quite lengthy forms but the peace of mind they bring against bad debts is well worth the effort. At midday I arrive at the golf club where we are holding this year's client golf day and an enjoyable hour is spent agreeing menus, prizes and the day's format and I try in vain to blag myself a few free rounds. By 3.30pm back at the office with an internet design team which promises to produce the most dynamic Internet site of any insurance broker in the UK. I remain sceptical as to how much business this will generate, but we give the go-ahead with a launch date at the end of September. Decide to agree the expenditure with the MD another day!

WEDNESDAY

Meet a freight forwarder who also has a small fleet. It is having difficulty with one of its clients. They managed to damage one pallet of tiles coming in from Italy out of a consignment of 15 pallets. !heir chent has rejected all 15 pallets on the grounds that they might not be able to get a decent colour match. This has escalated a £500 claim to potentially a £7,500 claim and clearly the goods-in-transit underwriters will want to argue that they shouldn't have to pay for undamaged goods. As a solution. I find another tile company to pay us 80% of the value requested for the remaining 14 pallets and persuade the goods-in-transit underwriters to pay the balance— another happy customer!

THURSDAY

Off to Harold Hill bra meeting with a large freight forwarder. They need Keyman Cover and shareholder protection for their board of directors. Straight afterwards I am off to Brentford in Middlesex to see another freight forwarder to try and find out why its marine cargo declarations keep shrinking each month. On the way back I call on another haulier in Dartford to collect some vehicle documents and keys following a theft. I spend the rest of the day discussing yard security and they agree that, given the value of their fleet that's locked in their compound could be as much as .22 million at any onetime, it's well worth spending £20,000 on decent CCTV and floodlights.

FRIDAY

I reach the office to find that a large client of mine in Barking has problems—his largest customer has just deducted £25,000 from his account in respect of a goods-in-transit claim that he hasn't even notified. It turns out that the loss is cut and dried and my client is liable but only up to CMR limits which reduce the value of the claim to £15,000.1 persuade my client's customer to pay the freight account in full provided I promise to obtain £15,000 from the underwriters within two weeks. Fortunately he agrees!

Tags

Organisations: FMW

comments powered by Disqus