aba Group Talks to Local Businesses About the Importance of Cargo Insurance Coverage in the Coming Cold Snap
With many economists and analysts worrying about the current state of the European economy, many business owners continue to fear for their trade over the coming year.
For those businesses that trade goods inland or overseas, they ought to be looking to safeguard their stock and assets to prevent any additional hardship through cargo loss or the loss of assets.
Aba Group’s Managing Director, Graham Webster says:
“The economic climate in Europe is still uncertain, and many are still looking for people to blame as seen recently, where the former RBS boss Fred Goodwin was stripped of his knighthood. In times like these, one of the best things a company can do, is to look at its risk management practices to minimise the extent of any damage should something unexpected occur”.
The likelihood of something ‘unexpected happening’ are about to increase dramatically. The cold snap that has seen dozens dead across Europe is set to hit the UK later this week, the Army is now on standby for a level 4 ‘Major Cold Weather Incident’.
“For those businesses involved in trading or transporting goods inland or overseas, it is vital that they examine the true extent of their Cargo Insurance Coverage. With temperatures forecasted to be below -10c, the chances that cargo carrying Lorries and transport might be involved in accidents likely to grow. The same is true of cargo carried by sea or by air. Where the weather might disrupt or damage supply chains, business owners need to ensure they’re covered. If the late delivery or loss of goods en route to a customer means that they cannot function properly, the sender needs to ensure that they are covered against any liability” says Mr Webster
Already in some areas of Wales, roads are becoming impassable where snows and ice have caused vehicles to become trapped in drifts or unable to climb rises in the road. A warning issued by health chiefs says that more than 1,500 people could die each week as a result of the weather, should the UK experience the full force of the cold predicted.
“When economic times are difficult, it’s sensible to consider all of your businesses’ insurance needs so that you can spread the costs of losses and avoid business interruption until conditions improve. With weather warnings like these however, it’s not only sensible, it is critical, that businesses examine the risk management practices that they have in place so that they can deal with such a disastrous cold weather situation where required” states Mr Webster
The aba Group is currently advising local businesses across Bolton and Manchester on how they can manage the risks associated with the coming cold weather as well as ensuring that they have the Cargo Insurance Coverage that they need. If you need help or advice on your own Cargo Insurance Coverage, you can speak to the aba Group or any other specialist business insurance brokers.
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About aba Group:
aba Group has been operating in Bolton for years, headed by Managing Director Graham Webster and fellow Director Lynne Eckersley, they have 70 years’ experience in the industry between them. Their specialist coverage spans Academy School Insurance, directors, officers, contractors, engineers, landlords and a whole host of other professional roles and activities; which has seen them become the go-to business insurance brokers locally.
- Contact Information
- Graham Webster
- Managing Director
- aba Group
- Contact via E-mail
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