If you know a manufacturer, please forward this important information related to “stock” insurance!
A manufacturer’s stock is much more than business personal property (BPP). Stock includes raw materials, semi-finished and finished products. Coverage is needed at the raw materials origin, in transit (including loading and unloading), in process, in storage, and through final delivery.
A new global report, analyzing over 470,000 corporate insurance claims over the period July 1, 2013 to July 1, 2018, has identified the top 10 causes of loss and other trends across a number of different business sectors. The top 10 list is below.
Here are a few big takeaways...
When it comes to our physical health, the immune system is the body's defense against infectious organisms and other invaders. Through a series of steps called the immune response, the immune system attacks organisms and substances that invade body systems and cause disease.
Protecting ourselves and our families from personal risk works very much the same way. We have to go through a series of steps to boost our personal defense against unexpected, uninsured loss.