In particular, our expertise in Stock Throughput has enabled us to develop tailored products with our exclusive insurance partners.
Stock Throughput policies insure a company’s inventory and the flow of goods from the source of production to its final destination, whether at a place of storage or a retail store.
There are three main components to cover; ocean cargo insurance; inland transit; and property/storage. They cover transportation, inventory storage, material handling, and packaging as they are designed to cover the repositioning of raw materials, works in progress and finished goods.
Regardless of the terms of sale or purchase
Cover is continuous on the goods in transit and storage
Simplifying claims settlements
The profits can be protected as well as the physical goods
Unnamed third party locations are covered, resulting in cover for the entire supply chain which reduces administration and the need for constant reporting
‘A’ clauses on stock rather than a named peril basis
Providing cover for loss or damage occurring during the manufacturing process
We review current and emerging claim trends, allowing us to keep our clients up to date with changing exposures to ensure their business is sufficiently protected.
