By Gina Ekstam for AssuredPartners
As the property insurance market continues to put pricing pressure on renewals, some agribusiness operations have benefited from specialty insurance programs, such as stock throughput coverage, to help them navigate the challenging marketplace.
A form of inland marine insurance, a stock throughput program insures a product throughout the supply chain and accounts for any potential gaps in coverage. From the time the product is shipped, stored, and delivered to its final destination, there is a lot at stake. A stock throughput policy provides continuous coverage against all risks not explicitly excluded in the contract as long as the insured has ownership or responsibility for the product.
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