World Trade Consult, LLC - Stock Throughput Insurance
Friday, July 30, 2010
 
What is Stock Throughput Insurance ?
   
Stock Throughput Insurance covers your company's goods (assets) against physical loss or damage while in your control anywhere in the global supply chain, in transit and in storage as company owned inventory. It covers goods in a manufacturing process (but does not cover for damage to your goods 'caused' directly by the manufacturing process).

Stock Throughput Insurance combines the traditional marine cargo, inland transit and inventory insurance policies purchased individually in the marine and property markets.

Benefits

•  Seamless asset protection throughout your company's supply chain, from purchase of raw materials to finished products inventoried for sale.

•  One set of underwriters insuring cargo and stock means no potential 'gap' in insurance and more seamless claims settlement.

•  Simple, easier administration of risk management - one policy versus several policies.

•  Less capacity is required from property insurers - means fewer insurers are needed on the policy.

•  Better pricing is possible - one policy versus several policies.

Stock Throughput Insurance is ideal for manufacturers who source raw materials or semi finished goods for additional value added manufacturing, then store and distribute the finished goods through multiple warehouses worldwide.