Professional Indemnity Insurance for Export Consultants
Export Consultants are experts in export laws and regulations. They help exporters to understand and manage the risks and processes associated with their export business.
Public Liability Insurance for Export Consultant
If you or any of your employees visit a customers premises your actions could cause an injury to another person. Similarly, if an accident happens whilst a member of the public comes to your place of business and they are injured you could be held liable. Public Liability Insurance protects you in the event that such accidents occur and a claim is subsequently made against you.
Public liability insurance also covers you if damage is caused to third party property while at the customers business. An example would be if an employee broke a valuable item while making a delivery at a customer's home. The claim to replace the item would be covered by public liability insurance.
Why does an Export Consultant need Professional Indemnity Insurance?
The main duties of an Export Consultant include:
- Understanding export regulations and managing process and/or system changes necessary to maintain compliance
- Optimizing, managing, and participating in the audit process for export documentation and processes
- Doing foreign market research
- Advising on making the choice of products
- Understanding export business terms and policies
- Suggesting business development techniques associated with exporting
- Managing the classification of export goods and ensuring classification files are properly maintained
An Export Consultant has to perform all of the above mentioned tasks with great care. Any sort of error or negligence may result in a law suit against them. Professional Indemnity insurance will provide an Export Consultant with financial Protection against all such claims by contributing to legal defence costs and damages awarded against them.
Key exposures for Export Consultant:
- Negligence in research.
- Suggest ineffective business development techniques.
- Failure to understand export regulations.
- Failure to provide adequate advice in relation to adequate insurance, taxes, legal requirements for the exporting of goods.
- Breach of regulations both in export origin country and destination country resulting in fines and penalties or goods not being able to be delivered to end customer.
- Delays in customers receiving goods, or not receiving at all, or too late and the resultant financial exposure (e.g. fresh produce which may have deteriorated beyond use).
Why purchase your Professional Indemnity Insurance through Express Insurance?
With Express Insurance, you can source a PI quote in seconds, and have the option of adding Public Liability Insurance. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.
And we save your details on Renewal of your insurance, making the process of renewing your PI Insurance even easier and quicker.
Throughout your experience with us our team of highly experienced PI specialists are a phone call away !
Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.