Freight Cover
Stock Throughput Insurance Policy – 5 minute Quotes possible.
Zero hassle protection covering aviation goods at location or in transit.
Instant global A-Rated insurance solutions
Up to $10M per location and for goods in transit.
Annual policy for complete protection.
Designed for Manufacturers, distributors, retailers, wholesalers & more
Access a panel of Global Underwriters through our Regulated Insurance Partners
Bringing together global aviation supply chain expertise and specialist regulated insurance providers:
What is Stock Throughput Insurance?
Stock Troughput Insurance is an annual Ocean Marine policy that provides coverage for physical loss of and/or damage to insured goods throughout the entirety of the supply chain. Insured goods are covered while in transit from the time that they are sourced until delivered to their ultimate destination, as well as any scheduled storage location outside of the ordinary course of transit in between.
Safeguard all raw materials, other stocks, and finished products.
Covered in transit, storage, or otherwise.
Coverage tailored to the aviation unique supply chain needs and evolving risks
Get a simplified approach to supply chain risk management.
Export
The policy insures a company’s inventory and the flow of goods from the source of production to its final destination.
Transit
All-risk coverage for goods and merchandise while in transit or at a named storage facility
Warehouse
Up to $10M in international conveyance limits and $5M in domestic
Final destination
Door-to-door protection from physical loss or damage—including acts of god, loading damage, flooding, fire, roof collapse and theft
Who Can Benefit
So who is a Stock Throughput policy for?
Original Equipment Manufacturers (OEM) and well-established mid to large-sized aftermarket service providers worldwide
Companies that import, distribute, or export merchandise
Companies that have significant inventory risks throughout the entire supply chain
Manufacturers
Complex logistics that needs more than basic transit coverage
Companies that need to eleminate limited protection normally supplied by freight forwarders
Distributors
Why should I purchase Stock Throughput Insurance?
It is very common for a business to assemble a patchwork of policies, inadvertently creating gaps and exposing elements of the business and duplicating costs.
Our cutting-edge dynamic pricing model utilizes an algorithm fueled by industry and third-party data, including natural catastrophe modeling, to provide extremely accurate quotes. This enables us to generate affordable stock throughput insurance quotations nearly instantaneously.
Frequently Asked Questions about Flycovr Ltd
Does Flycovr advise on insurances?
No, flycovr Ltd, is an independent platform that is not regulated to advise on insurance by the Financial Conduct Authority. Flycovr acts as an introducer and connects customers with regulated advisers specific to your needs.
What does being “an introducer” mean and are Flycovr Ltd regulated by the Financial Conduct Authority?
Flycovr Ltd can obtain customer information and provide access to insurance products if the information is deemed suitable for that area of specialism for that regulated insurance adviser.
Under Chapter 5, of The Perimeter Guidance manual, within the FCA Handbook, Flycovr Ltd operates as an introducer or referrer, enabling the provision of information about a potential policyholder to a relevant insurer or an insurance intermediary. Our regulated and specialist broker partners will organise and underwrite all insurance policies. Flycovr Ltd does not provide or underwrite the insurance products purchased.
Who has access to my data?
flycovr Ltd will have to provide the information provided by our customers to insurance advisers to be able to get you the correct advice required for the desired insurance products. flycovr Ltd will not pass your information onto any other entities other than registered insurance providers within the flycovr network.
Frequently Asked Questions about Stock Throughput Insurance
What is Stock Throughput Insurance?
Stock Troughput Insurance is an annual Ocean Marine policy that provides coverage for physical loss of and/or damage to goods throughout the entire supply chain. Insured goods are covered while in transit from the moment they are sourced until delivered to their ultimate destination, as well as any scheduled storage location outside of the ordinary course of transit in between.
Why do I need Stock Throughput Insurance?
Stock Throughput Insurance is a really powerful and costs effective means of insuring your goods end-to-end within your supply chain, including any warehouse locations. It is a great solution for OEMs, who are manufacturing products and storing raw materials through to finished products at multiple warehouse locations. However, it can also be used as a cost effective means for parts stockists and distributors and any organisations storing and moving goods around the supply chain gloablly.
It sounds like a lot of administration, how quickly can I get a quote?
Traditonally Stock Throughput Insurance was time consuming and administratively onerous to purchase. However, thanks to flycovr you can now get digital quotes in 5 minutes or less. Simply fill in our one page digitial form describing the nature of your typical annual transit exposures and warehouse locations. You can then instantly send your details to underwriting, and receive a quote within the hour.
How many of warehouse locations can be covered in the policy?
10 locations can be covered for $10m per site. Further sites can be covered upon consultation.
What Is Stock Throughput Coverage?
Traditionally a marine policy, we have an exclusive partnership offering insurance for the aviation supply chain. The policy insures a company’s inventory and the flow of goods from the source of production to its final destination.
Our digital solution offers the following in minutes:
- All-risk coverage for goods and merchandise while in transit or at a named storage facility
- Up to $10M in international conveyance limits and $5M in domestic
- Up to $10M in limits for named storage locations, including coverage for catastrophic perils
- Worldwide territory offering
- No minimum premium
- Door-to-door protection from physical loss or damage—including Acts of God, loading damage, flooding, fire, roof collapse and theft
Higher value policies are very common and can be arranged through our regulated partners, however, please get in touch as the underwriters will require a little more information.
Risk Appetite
For any components across all ATA Chapters:
Preferred commodities and aircraft parts include containerized cargoes, manufactured products, and equipment
Coverage for select hard-to-place risks available
Risks typically outside the Loadsure appetite include inventory and storage, cash & financial instruments, bulk shipments, and luxury goods
We can arrange cover for any components across all ATA Chapters and commodity codes
Quotes in less than 5 minutes
Up to $10M per location and for goods in transit
Total annual supply chain protection
Automated claims handling
Flycovr Freight
Key Benefits
- Real-time visibility into account performance
- Competitive premiums are driven by a dynamic rating model
- Accelerated settlements through an end-to-end automated claims process
- Flexible payment terms—annual, quarterly, or monthly
- Loss control services available
- Extra capacity for the real property structure
- Better use of property market capacity.
- Providing additional capacity for catastrophe perils.
- Lower deductibles and minimal % of value deductible.
- Flexible product, utilised on a standalone basis, a dual cover basis, an excess basis or as reinsurance support.
- Eliminates the need to purchase a separate, standalone cargo policy.
Could You Partner with Flycovr?
Leveraging cutting-edge technology & unparalleled industry expertise, flycovr transforms aviation insurance, delivering specialised coverage in less than 60 seconds.
Creating a more sustainable supply chain by redefining how insurance is bought and sold in our industry.
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