Stock Throughput Coverage

To download an application please click here. Don’t be put off by the "ugly" name - we prefer the simple title "inventory insurance", which is why our coverage is called “Stock Throughput Insurance”.

Stock Throughput Insurance is a single policy that insures a company’s raw materials and its inventory from the source of production to its final destination, whether at a place of storage or a retail store, or in transit to an end user. Cover includes raw materials, work in progress during the manufacturing phase, and finished products - anywhere in the world. Stock Throughput Insurance combines traditional insurance policies - ocean cargo insurance; aviation cargo; inland transit; property/storage; business interruption - into a single policy. 
The benefits of Stock Throughput Insurance coverage are:

• Seamless asset protection throughout the insured's supply chain, from purchase of raw materials to finished product inventory
• Designed for companies that manufacture, import, distribute, or export merchandise
• Almost any type of business can benefit from Stock Throughput Insurance - we can cover almost everything that is shipped from raw materials, foods, produce, to finished products such as autos - even hazardous materials, unusually large loads and biotech material
• “All Risks” cover for all moveable goods (inventory) that are the subject of the insured’s trade, including raw materials, semi-finished, and finished products
• Removing stock and inventory values from traditional fixed Property insurance frees-up expensive “catastrophe” insurance capacity.
• Goods are covered at all times whether being manufactured or assembled, in transit, or in storage at owned or third party premises
• Stock Throughput Insurance combines the traditionally separately purchased insurance policies of marine cargo, inland transit and stock property insurance, providing seamless asset protection throughout the insured’s supply and distribution chain
• Stock Throughput Insurance is one global policy versus several policies = simple, easier risk and policy management.No potential 'gap' in insurance, no disputes as to which insurer is responsible, and a seamless claims settlement
• More efficient risk management, i.e. one policy versus several policies
• Better pricing is possible with a single policy
• Better deductible levels
• Stock Throughput Insurance provides capacity for catastrophe perils, such as windstorm, flood and earthquake shock, where little may otherwise be available
• Stock Throughput Insurance eliminates the need to purchase a separate, stand alone cargo policy, thus freeing up those dollars to be used to enhance the client's core property coverage
• Stock Throughput Insurance offers the option of a Selling Price valuation basis that includes the insured’s mark-up, thus reducing the need for Business Interruption insurance
• Stock Throughput Insurance can be extended to cover the deposit the Insured has paid for goods which are then damaged by an insured peril before they are received by the insured, e.g. when the goods are damaged by a fire at the manufacturer’s factory before the insured has title
• Contingent business interruption can be added, e.g. for the delay of a start-up business due to loss or damage to inventory
• The risk of increased costs incurred in obtaining alternative warehousing following loss or damage to inventory can be covered by means of Extra Expense coverage
• Coverage for goods detained by governments can be provided. Coverage for goods which cannot be accessed because of a governmental or civil authority denying the Insured access to the goods because of an insured peril can be covered, even though the goods themselves are not physically damaged
• Business Interruption exposure under non-marine property policies, and therefore less cover is required and overall premium costs are reduced
• Capacity to excess of CAD 500,000,000 any one loss any one location
• Stock Throughput Insurance offers flexibility of coverage, which can be on a stand-alone basis, a dual cover basis (with the use of joint loss and joint deductible clauses), an excess basis or as reinsurance, either for a commercial insurer, or for a captive insurer

Why should your client buy Stock Throughput Insurance insurance?

The benefits of Stock Throughput Insurance are many. When a business depends on raw materials, a manufacturing process, shipping and warehousing, it cannot afford to wait for insurers to battle out their legal disputes before it is reimbursed for damaged or stolen inventory. Stock Throughput Insurance provides one policy and one insurer for your clients’ needs, door to door over land and sea, so your clients’ goods are good to go!

To download an application please click here.