A stock throughput policy (STP) is a marine policy that insures 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. The goods are covered at all times, whether in transit, undergoing process (although damage caused by the manufacturing process is excluded), or in storage at owned or third-party premises. The policy covers all moveable goods (including inventory), raw materials, semi-finished, and finished products.

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
  • Can provide any combination of the following coverages all under one policy:
    • Storage
    • Ocean Cargo
    • Inland transit
  • Coverage can include windstorm, flood, and earthquake with deductibles (No percentage deductibles for catastrophic exposures)
  • 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 companies
  • Importers/exporters
  • Chemical, oil, and gas
  • High tech, BioTech, and Pharma
  • Retail
  • Steel
  • 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