Managing risk is important to all businesses. ITIC provides expert advice on loss prevention and legal issues, together with local help and support from a worldwide network of correspondents. ITIC’s team of knowledgeable industry professionals offer practical and realistic advice. They also provide information for assureds and their brokers with the aim of controlling risk and reducing exposure to potential claims.
The support provided by ITIC includes:
- Providing examples of claims, through the biannual Claims Review. This allows you to check your systems and controls to ensure that a similar incident does not happen in your business.
- Alerting ITIC’s assureds to issues that are happening through ITIC’s Circulars.
- Suggesting contractual wordings and standard trading conditions to be incorporated in your terms of business
ITIC works closely with a number of international associations which act for various sectors of the transport industry. These include BIMCO, Institute of Chartered Shipbrokers and FONASBA.