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Deterioration of Stock Insurance
© sarpmurat@yahoo.com+90 532 637 84 56Murat Sen

Deterioration of Stock Insurance

Comprehensive cover for temperature-controlled goods risks

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    Coverage and limits
    Why work with us?
    Contact us
    Making a claim
    Alan Scholes
    Alan Scholes
    Construction & Engineering Underwriting Manager

    We understand the risks your clients face, and we know how to help

    Our team of underwriters work closely with insurance brokers to offer robust deterioration of stock insurance solutions which are tailored to suit policyholders’ specific requirements.

    Coverage and limits

    We can provide coverage for the deterioration of temperature-controlled stock, as a result of equipment breakdown, accidental damage, refrigerant contamination or failure of utilities.
    GBP 20m
    Capacity (any one location)

    Target risks

    Wide ranging appetite for UK domiciled companies of all sizes from small/micro to large/corporate, involved in the storage of their own or third party owned temperature sensitive commodities.

    • Stock in own locations and third party locations
    • Wide variety of temperature controlled commodities considered

    Limited risk appetite

    • Single cold chambers excess of GBP 2,500,000
    • Single location excess of GBP 5,000,000
    • Locations outside the UK

    Outside of risk appetite

    • Pharmaceutical risks with a single location exposure greater than GBP 2,500,000
    • Retail locations including Cash and Carry’s
    • Non-permanent cold stores and vehicles in isolation
    • Refrigeration equipment that is excess of 15 years old
    • Businesses with no contingency plans in place for failures or power outages
    • Businesses with no maintenance and servicing regimes
    • Businesses with no temperature logging
    • Excess of loss or first loss basis
    • Stock that is being processed
    Download
    Deterioration of Stock Insurance IPID
    PDF, 140 KB

    Why work with us?

    Expertise
    We connect you with expert-driven solutions and services for all your specialty insurance needs.
    Financial strength and stability
    Our robust financial backing, 140-year legacy, and extensive global resources give us the reach and scale to help you navigate the shifting insurance landscape.
    Dedicated partnership
    As trusted advisors, we work to understand your needs and tailor solutions to help you grow your business with confidence.

    Get in touch with us

    Insurance brokers looking for more information about our deterioration of stock insurance solution for their clients can contact their local development underwriter.
    Contact us

    Making a claim

    If you are looking to make a claim, you should contact us as soon as possible. Details on how to make deterioration of stock insurance claims can be found on our claims homepage.
    Claims

    The information provided in this content is intended for UK insurance brokers acting on behalf of their prospective or existing clients.

    Any description is for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product. Policyholders who have questions or wish to arrange or amend cover should contact their insurance broker. Insurance brokers can find details of how to contact us here.

    Any descriptions of coverage contained are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. The terms of any specific policy will instead govern that policy. Any guidance for UK insurance brokers is intended to provide general information only, and should not be used as a substitute for legal advice.