Cargo and stock throughput (STP)
Cargo and STP insurance covers a company’s goods/inventory against physical loss or damage whilst at the insured’s risk anywhere in the supply chain, in transit and in storage.
The growing complexity of modern supply chains presents new risks; for cargo and stock throughput insurance to be effective it must be flexible, seamless and specialised. Just like your broking team.
Working both directly with insureds and through intermediaries, our team deliver smart, cost-effective cover for clients across the globe.
We arrange solutions for every stage of the supply chain, developing tailored coverage and wordings that protects against commercial loss.
Key industries
- Auto and aviation parts
- Commodities (soft and hard)
- Construction
- Consumer goods (clothing and electronics)
- Food & beverage (chilled and frozen)
- Manufacturing & distribution
- Oil & gas (servicing and products)
What we cover
Project cargo and delay in start-up (DSU)
Physical loss or damage to project-critical assets while in transit, from manufacturing to project site, can severely delay the scheduled commercial operation date of a project and turn a relatively small cargo loss into a much more significant financial loss due to delay-in-start-up. Cover included for expenses incurred for forwarding and expediting, following physical loss or damage to any goods.
Standalone stock
Many companies are unaware of the benefits of stand-alone stock insurance. We can arrange cover for an organisation’s inventory against all-risk physical loss or damage as a raw material, under process (subject to process clause) or as a finished product.
Trade disruption insurance (TDI)
TDI covers the financial consequences of disruption to the supply chain, even when there is no physical loss or damage to the policy holder’s assets.
We understand that every client’s requirements and exposures are unique and tailor policies accordingly.
Global capabilities
We can place cargo business from around the globe, with a specific focus on on North America and Europe.
Clients first
Working both directly with insureds and through intermediaries, our team deliver smart, cost-effective cover for clients across the globe.
Speed and ease
Our market-leading facilities and line slips help us place your business quickly and efficiently, whilst the strength of our underwriter relationships gets the best outcome for clients.
Leading team
Miller is one of the largest, most experienced and influential cargo brokers in London, with 18 dedicated specialists, including brokers, technicians and claims brokers.
