Companies that are importing goods to sell in the UK and Europe could potentially save on their insurance premiums by arranging their stock cover on a stock throughput policy.
This type of marine insurance policy covers the goods in transit to the UK, whilst in storage pending sales and the onward transit to the end purchaser. The premiums charged for stock by marine insurers are often less than those charged under a conventional business combined insurance policy.
The arrangement works particularly well if the importer is using a fulfilment warehouse to service orders.
For more information on marine throughput insurance, please contact Tony Gibbs on 0118 9452944 or complete one of our enquiry forms.