Stock throughput is comprehensive marine insurance providing coverage for a company’s inventory and the flow of goods through its entire supply chain. The policy insures all stock, including raw materials, semi-finished and finished products, whether in transit or storage at owned or third-party premises.

Stock throughput coverage begins from the moment the company assumes responsibility for the goods and continues until their interest ceases. This eliminates potential gaps in coverage between multiple policies and provides seamless protection for the insured’s entire supply chain. It helps businesses mitigate risks associated with the transportation and storage of goods and provides them with financial protection in case of loss or damage to their inventory.

Key Features

  • Full ‘all risks’ conditions for global storage and transit exposures
  • Continuous coverage is provided for raw materials, work-in-progress and finished products on a domestic and global basis
  • Coverage can include windstorm, floods, and earthquake with deductibles (no percentage deductibles for catastrophic exposures)
  • Can provide any combination of the following coverages all under one policy:
    • Storage
    • Ocean cargo
    • Inland transit
  • Selling price basis of valuation provides an element of business interruption coverage
  • Ease of administration through premium rating against sales turnover, eliminating the need for time-consuming declarations
  • $250,000,000 of available capacity with top-rated insurance carriers
  • Policy application on a primary and excess basis
  • Manuscript wording tailored for each risk

Target Classes

  • Manufacturers
  • Distributors/logistics
  • Importers/exporters
  • Chemical, oil, and gas
  • High tech, bio tech, and pharma
  • Agricultural
  • Temperature sensitive
  • Dangerous goods/explosives
  • Spirits
  • Wine

Submission Requirements

  • Stock throughput application
  • Statement of values with COPE
  • 5-year loss history
  • Minimum premium: $5,000