An STP is a marine policy that insures a company’s inventory and the flow of goods from the source of production to its final destination, whether at a place of storage or a retail store. An STP policy has three components;
a. ocean cargo insurance;
b. inland transit; and
The goods are covered at all times whether in transit, undergoing process (although damage caused by the manufacturing process is excluded), or in storage at owned or third party premises.
Purchasing a separate stock throughput policy rather than basic transit coverage in a property “all risk” insurance policy can provide seamless coverage of goods and more control of inventory risks throughout the entire supply chain, from the supplier or point of origin through the goods’ final destination.
We have a wealth of experience and can tailor a policy to cover your needs
Stephan Fast (firstname.lastname@example.org) heads up our Marine Division ably assisted by Denvar Louw (Denvar@intasure.co.za). They will be happy to provide you with their very best service and advice.