One of the costs of doing business is having the right insurance in place. As companies start exporting to bigger markets, having appropriate insurance often becomes a necessity before deals can be done and contracts signed.
Any firm exporting is exposed to business risk and should probably have product liability insurance in place. Many bigger distributors and resellers will stipulate it as a requirement of their suppliers. It’s part of the cost of entry to export markets, even when exporting with ExportX.
I’m often asked where firms can get advice on international product liability insurance. ExportX uses the Auckland insurance broking firm ICIB.
Senior broker at ICIB Brindley Wood is expert in product liability insurance and he understands the ExportX exporting model. If you’re considering exporting and don’t yet have international liability cover, I recommend you give Brindley a call. His contact details:
Telephone: 09 306 1936
Mobile: 027 681 4450
Email: [email protected]