Stock Throughput Cover Insurance

This policy is specially designed to provide comprehensive insurance coverage to products in storage or in transit. Once the goods are manufactured they either reach directly to the customer or are stored in warehouses before onward distribution. If they are sent to storage before onward distribution, then stock throughput policy is the right solution.

The important benefits of stock throughput insurance cover are :

  • Potential gaps between multiple policies are eliminated.
  • Combining number of under one policy provides significant price savings.
  • Specialist coverage for industry sectors and complex businesses.
  • Cover for primary and contingent interests,
  • High limits and low deductibles.
  • Premium can be rated against sales turnover.
  • Reduces the need for time consuming declarations.
  • Competitive rates for CAT Capacity.

KR Insurance Stock throughput insurance solutions are suited for retailers, manufacturers and traders, which can include:-

  1. International and domestic transits by any mode of transportation.
  2. Stock (inventory), including raw materials, work in progress as well as finished goods.
  3. Ancillary extensions, such as travellers’ samples, exhibitions and trade shows.

KR Insurance Services offers unique products with the sole intention of safeguarding your end to end stocks, whether in the process of manufacturing, storage or in transit.

KR Insurance Services has a unique risk management services which provides consultancy for stock keeping in warehouses, vessel selection, warehousing and packaging. We are also providing route surveys on case to case basis. We have emergency helplines operating 24x7, assuring best claim settlement services to our clients.

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Why KR Insurance Services ?

  • Lowest Quotation
  • Prompt Claim Services
  • Wide Quote Comparisons
  • Best Insurance Industry Practices

Main Cover / Stock Throughput Cover Insurance

  1. Fire or explosion, stranding, sinking etc. - can’t predict these situations in advance. Fire or explosion, sinking, stranding are common issues faced during a cargo journey. A marine insurance plan is formulated to take care of such dire situations.
  2. Collision, overturning or derailment of land conveyance - Sometimes, no matter how hard the captain tries, he can’t take control of unfavorable damage causing situations. Having a marine insurance plan neutralizes the risk of damages caused by collision, overturning or derailment of land conveyance.
  3. Discharge of cargo at port of distress - a cargo is a discharged from a port of disturbance or distress, it threatens the safety of the cargo. This is the reason why it is included in the basic insurance coverage.
  4. General average sacrifice salvage charges - marine insurance plan provides coverage for general average sacrifice salvage charges.
  5. Expenses such as survey fees, forwarding expenses, reconditioning costs and sue charges - These expenses are unexpected at times which leaves you with little time to pay for these expenses. This is why having a marine insurance plan is of great help.
  6. Jettison or washing overboard - Situations of jettison and washing overboard are included in a marine insurance plan.
  7. Earthquake or lightning - marine insurance plan provides you coverage from natural calamities such as earthquake or lightning.
  8. Total loss of package lost overboard or dropped in loading or unloading - No matter how irksome a package loss can be, every time you can’t create a foolproof plan to prevent this situation when your package is being transported in a cargo. This is why it is included in a basic marine insurance plan.

Key Benefits

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