Asses Your Freight Liability Risk

these checks are a condition of the policy and failure to do so can result in claims not be met – see our Information Guide

The loss and damage limit should represent your maximum liability under applicable trading conditions or International Conventions. For example, what is the maximum tonnage exposure you would have either in transit or at a single warehouse location? Take this tonnage exposure and calculate the compensation based on the conditions applicable, BIFA Liability 2 SDR’s per kilo, CMR Liability 8.33 SDR’s per kilo, UKWA GBP100 per tonne or RHA GBP1,300 per tonne. You may wish to consider higher limits to cover the possibility of trading conditions being set aside or in the case of wilful misconduct or gross negligence where limitations would not apply. Do you need higher Errors & Omissions limits dependant on your company exposures? Give us a call if you need assistance calculating your required levels.

2) Errors & Omissions?

I/We declare that to the best of my/our knowledge and belief:-

1. The sums represent the full values.
2. The premises are and will be kept in a good state of repair.
3. Neither I nor any person whose property is to be insured hereunder have been:-
   1. convicted of arson or any offence involving dishonesty of any kind (e.g. fraud, robbery, theft or handling stolen goods)
   2. prosecuted under the Factories Act or the Health and Safety at Work Act or any similar legislation.
   3. ever been declared bankrupt or the subject of bankruptcy proceedings or made any arrangement with creditors either in a personal capacity or in connection with any company, business or firm with which any of you have been involved.
   4. been involved in any legal disputes during the past 5 years in connection with any company, business or firm with which any of you have been involved.

The information you have provided in this form contains statements upon which Underwriters will rely when deciding whether to accept this insurance and the terms on which it may be offered, including the amount of premium payable.

If you are in any doubt at all regarding any of the answers you have given, you should ask your broker.

You must tell us within 14 days of you becoming aware if any of the information provided by you changes after you purchase your policy and during the period of your policy.

You are required to provide a fair presentation of the risk to Underwriters. This should include all relevant knowledge and information of the senior management (including key individuals who decide how business is run), the risk and insurance team (or individual responsible for purchase or insurance) and/or your insurance brokers. You should also conduct sufficient enquiries with external third parties (such as facilities management companies/alarm providers/accountants/ brokers). An audit trail should be maintained to evidence who was consulted, what information was requested and how information was collated and checked.

If you breach your duty to provide a fair presentation and such breach was deliberate or reckless, Underwriters may regard the policy as void and are not required to return any paid premium back to you. If the breach was not deliberate or reckless, Underwriters remedy shall depend upon what Underwriters would have done if you had complied with the duty of fair presentation:-

1. Underwriters may regard the policy as void if they would not have entered into the policy on any terms in the absence of the breach. In this case, the Underwriters must return the premium paid.
2. If the Underwriters would have entered into the policy, but on different terms (other than terms relating to premium) the policy is to be treated as if those different terms applied from the outset, if the Underwriter so requires.
3. If the Underwriters would have entered into the policy but would have charged a higher premium the Underwriters may reduce proportionately the amount to be paid on a claim (and, if applicable, the amount already paid on prior claims).

DECLARATION To the best of my knowledge and belief the information provided in connection with this proposal, whether in my own hand or not, is true.

Data Protection Act 1998 – Proposer’s Consent Clause By signing this Proposal Form I/We hereby consent to any information you may have about me/us being processed by you for the purpose of providing insurance and claims handling which may necessitate you providing such information to third parties.