Export for Survival

Marine Insurance With all the problems in the EU and common currency, it is a fallacy that the EU does not want to deal with the UK.  We buy from them much more than they buy from us.  Consequently we have a very large, negative balance of payments from the EU.  So they are hardly likely to turn away from one of their best customers! The UK should be looking more and more at other markets through out the world who are quite willing to buy goods from us such as the USA and Canada, South America and even the Far East.   One of the major problems exporting to other countries is that they require confirmation that the seller has adequate products liability insurance, the USA in particular.  In some cases they require a vendors agreement and also demand declarations of liability cover on a Acord form.  For those holding stock in the USA, this can be achieved by a marine stock through put policy.  Transits can also be covered, USA to USA.  Bromwall can provide this service. Unfortunately over recent years everything has turned towards Europe, making it easy for European countries to buy and sell to one another but the UK has lost out because we buy more from the single market than they buy from us.  It should be noted we have a positive balance of payments with the rest of the world.  Those who say we cannot produce goods in the UK, think back to World War II when we outstripped Germany in production of aircraft and military hardware.  The production of aircraft was better than 70 a day at its peak.  This is during the time the Germans were raining bombs and thousands of flying bombs were aimed at the UK but the resilience of the British people won through and is something which is the envy of the world. The secret of our success was employing the right people in the right jobs and women played a major part in this. This is the only way the UK will be successful.  Employ more people in the private sector than the public sector and in simple terms, the private sector create the wealth and the public spend it.

To discuss liability or marine insurance please call us on 01707 883377 or email us on info@bromwall.com


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