i3 Inventory is one global policy versus several policies = simple, easier risk and policy management.No potential 'gap' in insurance, no disputes as to which insurer is responsible, and a seamless claims settlement.
i3 Inventory combines the traditionally separately purchased insurance policies of marine cargo, inland transit and stock property insurance, providing seamless asset protection throughout the insured’s supply and distribution chain.
Goods are covered at all times whether being manufactured or assembled, in transit, or in storage at owned or third party premises.
Removing stock and inventory values from traditional fixed Property insurance frees-up expensive “catastrophe” insurance capacity.
“All Risks” cover for all moveable goods (inventory) that are the subject of the insured’s trade, including raw materials, semi-finished, and finished products.
Almost any type of business can benefit from i3 Inventory - we can cover almost everything that is shipped from raw materials, foods, produce, to finished products such as autos - even hazardous materials, unusually large loads and biotech material.
Designed for companies that manufacture, import, distribute, or export merchandise.
Seamless asset protection throughout the insured's supply chain, from purchase of raw materials to finished product inventory.
The benefits of i3 Inventory coverage are: i3 Inventory combines traditional insurance policies - ocean cargo insurance aviation cargo inland transit property/storage business interruption - into a single policy. Cover includes raw materials, work in progress during the manufacturing phase, and finished products - anywhere in the world. I3 Inventory is a single policy that insures a company’s raw materials and its inventory from the source of production to its final destination, whether at a place of storage or a retail store, or in transit to an end user. "Stock Throughput Insurance - An ugly name but beautiful coverage.”ĭon’t be put off by the “ugly” name - we prefer the simple title “inventory insurance”, which is why our coverage is called “ i3 Inventory”.