Insuring company’s inventory and the flow of goods.
A stock throughput policy (STP) is a type of marine insurance that covers a business’s inventory as well as the movement of goods from the point of production to their eventual destination, whether that be a retail location or a storage facility. There are three parts to a STP: insurance for ocean cargo. inland transportation insurance Storage or property insurance.
Provides global coverage for all raw material, work in progress, and finished stock during transit, manufacture, and storage.
More competitive prices when compared to insuring transit and inventory exposures separately.
Coverage for Inventory valued on a selling price basis, including the profit element, and can also include insurance and freight charges.