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Stock Throughput
This type of policy is suited to virtually all industry types ranging from manufacturing, distributing and retailing to wholesaling. Cover is available for all stock and materials in trade whilst goods are anywhere in the world and can be arranged for both goods in transit and goods in storage. The main benefits of this programme can be summarised as follows:
Cost
- Competitive pricing as a result of bulk purchasing power
- Premium is determined by an analysis of exposures
- Premiums can be deferred to assist cash flow
- The effect of large losses are spread across the overall policy and therefore reduced
Cover
- Gaps in cover are significantly reduced or eliminated
- Broad cover is available
- Full value or first loss limits can be arranged
- Limits apply separately to transit and storage
- A flexible basis of loss settlement
Administration
- The need for declarations is eliminated
- Premium adjustable on turnover minimises client administration
One policy covers all worldwide transit and stock exposures
