Stock Throughput
For U.S.-based insureds and brokers, Axon Marine offers retailers and wholesalers Stock Throughput insurance solutions.
With up to USD 20 million in capacity, this comprehensive solution can protect inventory and goods moving domestically or internationally by ocean, air, rail, or road. Coverage can combine raw materials, work in process, finished goods, storage, and transit exposures under one coordinated policy, helping importers, exporters, manufacturers, and distributors reduce gaps and simplify program administration.
KEY FEATURES
- Full ‘All Risks’ coverage for global storage and transit exposures.
- Continuous coverage is provided for raw materials, work-in-progress and finished products on a global basis.
- Can provide any combination of the following coverages under one policy:
- Storage
- Ocean Cargo
- Inland transit
- Coverage includes Windstorm, Flood and Earthquake with flat deductibles (No percentage deductibles for catastrophic exposures.)
- Available 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.
- $20,0000,000 per location in-house capacity with additional $250,000,000 of excess capacity available
- Specialized wording for each risk
- Competitive Commissions Offered
KEY BENEFACTORS
- Distributors
- Logistics Companies
- Importers/Exporters
- Manufacturers
- Chemical, Oil and Gas Industries
- Retail
SUBMISSION REQUIREMENTS
- Stock Throughput Application
- Statement of Values with COPE
- 5 Year Property and Cargo Loss History
- Minimum Premium $5,000