Choosing the Optimal Stock Throughput Insurance Policy for Your Enterprise

Are you getting the best value on your cargo & freight insurance?

Stock throughput insurance may be the answer.

Stock throughput insurance is about Insuring stock and transit exposures from raw materials to final product within a single policy (better known as stock throughput) will ensure seamless coverage on a global basis, also helping to save you money by simplify administration.

Midas is a specialist broker that understands that each industry has a unique set of issues and associated risk. We will work closely with clients to develop and provide cost effective solutions tailored around these needs.

Stock Throughput insurance includes coverage for all transit and stock exposures in a single program:

  • Local Purchases of supplies, raw materials and/or finished products
  • Import of purchases of raw materials or finished products, and their transport to Factory or Distribution Warehouse
  • Pre-manufacture of stocks
  • Transport to Factory or Distribution Warehouse
  • Factory, including during manufacturing, but not losses resulting from the manufacturing process
  • Storage of finished products from the factory(s)
  • Local distribution to final destination
  • Overseas storage
  • Transport to the final customer overseas

See the diagram below for a visual representation of the potential components of this comprehensive enterprise wide policy offering.

Stock Throughput Insurance is a complex subject. It is difficult to choose the right policy that meets your needs. Working with a specialist Marine and Cargo Insurance Broker like Midas Insurance can make that process much smoother, as we will work with you as part of your team to tailor the right policy for your industry, commodity, factories, voyages and conditions.

No One Policy Fits All Getting the Stock Throughput Insurance For Your Needs

The reality is that with this type of insurance offering you need a policy custom "Tailor Made" for your business. An excellent Stock Throughput insurance policy will give you the following benefits:

  • Provide you cover for all of your businesses transit and static stock requirements
  • Complete end-to-end voyage cover from imports, right through to delivery to final customer all under one insurance policy
  • A single policy and simplified premium basis. This reduces administration requirements with no time consuming declarations to submit
  • Significant reduction in risk as gaps in cover are significantly reduced or eliminated
  • Stock can be valued on a selling price basis, thereby including the profit element and potentially reducing the need for business interruption coverage
  • Can include coverage at third party locations
  • Applies to any type of cargo/stock
  • Earthquake, Flood and Windstorm locations possible
  • Eliminates the need to have a separate marine cargo insurance policy
  • Ultimately reduce your risk and provide you peace of mind

5 Reasons to Choose Midas Insurance as Your Stock Throughput Insurance Broker

It makes good business sense to use a specialist broker such as Midas Insurance when choosing Stock Throughput Insurance. Listed below are 5 main reasons to choose Midas Insurance as your Stock Throughput Insurance Broker:

  1. Midas Insurance is a specialist in the Marine and Cargo areas, with over 35 years of experience
  2. Midas is a broker not an insurance company. Most people use brokers for Stock Throughput Insurance because we are more experienced with the dreaded 'fine print', ie policy exclusions, terms & conditions.
  3. With Stock Throughput it's not one product fits all. That's why we work with you as your partner to tailor the policy to suit your industry, commodity, factories, voyages and conditions
  4. We work for you the client NOT the insurance company
  5. In the unlikely event that you do need to make a claim we are on your side and will assist you to liaise with the insurer to process your claim in an efficient manner

What this all equates to is reducing your risk and tailoring the best value for money policy for you and your business.

Getting You the best Underwriters at Highly Competitive Rates

Our staff apart from having a wide knowledge of General Insurance also includes experience in the London Marine Cargo & Hull Insurance Market. Therefore not only have we access to all the leading Australian Insurance Companies but can also facilitate International Insurance Markets, such as Lloyd's of London and the International Underwriting Association of London.

We are thus in a position to obtain the most favourable rates and coverage's for you our clients.

Next Steps

Contact Midas Insurance on 1300 664 272 today to have a member of our expert team assist you to tailor make the right Stock Throughput Insurance policy that meets your needs.

Alternatively complete the form below and we will contact you to discuss your insurance requirements.