Cargo Insurance

Stock throughput insurance provides coverage for goods which go into a storage warehouse before onward distribution to the end customer. For a business involved in import, storage and distribution or which has a continuous flow of goods, a stock throughput insurance policy can offer:

• Insurance coverage for inbound transits to the storage premises, whilst there, and subsequent delivery to the final customer.
• Coverage at own or third party storage premises.
• Cover for multiple transits between premises and to or from customers can be included.
• Cover for the goods on site or at customer’s premises. We may be able to provide cover for stock at retail locations.

Cargo insurance is generally available to or from ports or places worldwide; however

• terms and conditions may vary for countries where there are higher than normal risks of war or terrorism;
• cover may not be available where trade is subject to international sanctions;
• cover may not be available for the inland leg to or from the port in countries where the infrastructure is poor or where there is an unacceptable theft risk;
• some countries require insurance to be placed locally or restrict the terms of sale or purchase (Incoterm) that can be used.

General Average is a long-established principle of Maritime Law which requires contribution from all whose goods were saved to the losses of those whose goods were sacrificed at time of common peril.

Learn more here.