Modern-day insurance began at Lloyd's Coffee House in the 1700s, where merchants would negotiate terms to manage their products' risk of being shipped. At the time, piracy was an issue, along with weather conditions and the uncertainty of foreign ports. In some respects, not much has changed, though we have gotten much more sophisticated in causing disruptions. Stock Throughput insurance is a modern-day version of original cargo insurance.
Coverage is available to all customers. However, we've found those that gain the highest benefit are listed below. Coverage is provided SALES VALUATION. Thus your profit is included should any physical harm befall inventory. Traditional coverage ensures at book value. We prefer to make you whole. Target industries are as follows:
- Oil & Gas
- Perishable Goods