Stock Throughput

Stock throughput insurance may also be called cargo stock throughput insurance, since it typically offers coverage for cargo. However, it is important to recognize while stock throughput insurance may be considered to be a form of cargo shipping insurance, all cargo insurance policies are not stock throughput policies.

Stock throughput insurance is sometimes also called "STP Insurance," with "STP" as an abbreviation for stock throughput.

Stock throughput policies have three components: (1) Ocean Cargo Insurance, (2) Inland Transit Insurance, and (3) Property or Storage Insurance. STPs integrate transportation, inventory storage materials handling, and packaging. They are designed to cover the repositioning of Raw Materials, Works in Progress, and Finished Goods.

Stock Throughput vs Property Insurance

Stock throughput insurance focuses on goods in transit, or a combination of transit and storage, and typically includes both a property and liability element. Property insurance focuses on protecting the insured from covered property-related losses, but it does not include liability associated with ocean cargo or inland transit.

Stock Throughput Insurance vs Cargo Insurance

Stock throughput insurance is different than cargo shipping insurance. Cargo shipping insurance focuses on coverage of goods while being shipped or in transit from one destination to another. A stock throughput insurance policy offers coverage for goods in transit, but STP coverage can be written to include storage, multiple domestic and international locations, as well as ocean marine and inland marine shipping.

Stock Throughput Insurance Carriers

It can be difficult to find stock throughput insurance carriers. As a Coverholder at Lloyd's, WealthGuard Insurance Group has access to a unique Lloyd's backed program with options for US and international coverage.

Cargo Shipping Insurance

Cargo shipping insurance can include several different categories of insurance. Learn more about different types of cargo shipping insurance below.

• Marine stock throughput insurance or marine cargo stockthroughput insurance coverage is a type of cargo shipping insurance that covers goods from origin to destination.
• Marine cargo insurance coverage is often used to describe ocean marine cargo insurance; however, marine cargo insurance may also refer to inland marine cargo insurance, so it is important to specify the context of coverage as ocean marine or inland marine.
• Marine inland transit insurance focuses on movement of goods across land rather than across bodies of water.
• Domestic inland transit insurance focuses on inland marine insurance within a domestic geography, rather than across international boundaries. For example, domestic shippers in the United States would be shipping from origin to destination within the United States, rather than across international borders such as Canada, Mexico, or the Caribbean.
• Marine cargo and inland transit insurance may be combined in a stock throughput policy. The ability to combine coverages under one single policy is a benefit of stock throughput insurance.
• Inland transit property insurance focuses on coverage of the insured's property during land transit. It may or may not be combined with options for storage coverage or liability coverage.

Ocean Cargo Insurance

Ocean cargo insurance coverage offers coverage for cargo that is being transported across an oceanic body of water or open sea. Typically, ocean marine insurance coverage involves shipping specifically, rather than other modes of cargo transportation such as air, trucking, or train transport.

Ocean freight insurance is sometimes referred to as sea freight insurance or sea cargo insurance.

There are many ocean cargo insurance companies, but not all ocean cargo insurance companies provide stock throughput insurance as a coverage option.

Types of cargo coverage in ocean marine insurance can vary based on coverage requirements. Stock throughput insurance coverage typically offers coverage for a broad range of goods.

Inland Transit Insurance Coverage

Inland transit can be included as part of a stock throughput policy. A marine inland transit insurance policy (sometimes also called inland marine insurance), or an inland transit insurance policy, offers coverage for transport of goods over land.

While a stock throughput policy can be written to include inland transit insurance, a standalone inland transit insurance policy is different than stock throughput coverage.

FAQs

What is stock throughput insurance?

A broad stock throughput insurance definition might be that stock throughput is a form of cargo coverage that protects goods from origin to destination. Unlike standalone cargo policies, stock throughput can include storage, and offer coverage across multiple domestic and international geographical destinations. It can also include both ocean marine and inland marine cargo transport.

What is ocean cargo insurance?

Ocean cargo insurance covers goods while they are in transit across an ocean. A shipper or may purchase an ocean cargo insurance policy to cover risks that arise from shipping third party goods. A company may also purchase an ocean cargo insurance policy to protect itself from potential losses during transit. Ocean cargo insurance may include property and liability elements depending on the specific policy coverage.

What is inland transit insurance?

Inland transit insurance typically offers property-only coverage for the transport of goods across land. In many cases, the inland transit insurance definition covers domestic rather than international coverage.