908-947-0867 info@axonu.com

Stock Throughput Property Wrap

Stock Throughput Property Wrap

One hurdle retailers face when placing Stock Throughput (STP), is negotiating with property carriers an equitable reduction in premium when stock is removed from their program. On many occasions the property writers are not willing to provide reductions commensurate with values being removed, thus making the STP option uncompetitive.

Additionally, brokers may not be able to provide options for the real and personal property to compliment STP proposals.

With this in mind, AXON developed a property wrap program providing coverage for real, personal and business interruption to complement our STAPLE program. As with STAPLE, we believe this is a first of its kind policy for this specific need.

Key Highlights include:

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Product is provided through AXON and can only be offered if we provide STP.

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Provides exclusive coverage extensions for Business Interruption over stock.

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Financial backed by an A+, AM Best rated carrier.

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Up to $60m non-cat and $25m cat per occurrence limits available.

Broad range of classes with the exception of:

Recycling

Mining

Mining

Chemicals

Power Generation

Piers and Wharves

Greenhouses/Grain Silos

Timber/Lodging

Fireworks, Ammunitions, Explosives

Submission requirements:

Insured FEIN Number

Statement of Values

Supplemental application

5 year loss history

Coverage specifications

Axon Property Wrap Flyer - Download

All Submissions should be forwarded to rhampton@axonu.com or dgahagan@axonu.com. Any questions can be directed to 908.947.0867.