{"id":845,"date":"2011-05-22T10:03:25","date_gmt":"2011-05-22T08:03:25","guid":{"rendered":"http:\/\/ourblog.greenwoods.org\/?p=845"},"modified":"2011-05-22T10:03:25","modified_gmt":"2011-05-22T08:03:25","slug":"excess-stock-insurance","status":"publish","type":"post","link":"https:\/\/greenwoods.org\/excess-stock-insurance\/","title":{"rendered":"Excess Stock Insurance"},"content":{"rendered":"
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\"\"<\/a>Do you have a large commercial client with high stock values?<\/em><\/strong> <\/em><\/strong><\/p>\n

<\/em><\/strong><\/p>\n

Do you have limited capacity in your local insurance markets?<\/em><\/strong> <\/em><\/strong><\/p>\n

The answer is an Excess Stock<\/em><\/strong> insurance policy which incorporates a method of structuring the risk so that each policy provides a ‘layer’<\/em><\/strong> of coverage.In essence, a primary layer of coverage may be purchased with the Client’s Property<\/em> or Stock Throughput policy<\/em>. The Excess Stock <\/em>insurance then provides a layer of coverage above the primary layer and does not respond to losses until the primary layer has exhausted its applicable limit. In practice, the primary layer has a first loss limit designed to cover most losses and the Excess Stock<\/em> insurance comes into play for catastrophic losses.<\/p>\n

The Excess Stock<\/em> insurance is written under exactly the same terms and conditions as the primary layer although, if requested, it can also be restricted to any ‘named perils’<\/em><\/strong>.<\/p>\n

Where higher limits are required, this layering process can continue to provide limits in the hundreds of millions of capacity.<\/p>\n

For example:<\/strong> <\/strong><\/p>\n

A Client operates a warehouse where stock\/inventory limits may reach a maximum of \u20ac 25.000.000,00<\/p>\n

A stock insurance limit of \u20ac 5.000.000,00 is included in the Client’s property or Stock Throughput<\/em> policy and an Excess Stock<\/em> insurance policy is placed for \u20ac 20.000.000,00 excess of the primary policy’s \u20ac 5.000.000,00<\/p>\n

Advantages of layering in this way include the following:<\/p>\n<\/div>\n

London Underwriters have consistently rated Excess Stock<\/em> risks competitively<\/p>\n

There are no restrictions for Earthquake, Flood <\/em>and Windstorm<\/em><\/p>\n

The additional risk is spread among various Insurers<\/p>\n

For more information please visit our web site: www.greenwoods.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Do you have a large commercial client with high stock values? Do you have limited capacity in your local insurance markets? The answer is an Excess Stock insurance policy which incorporates a method of structuring the risk so that each policy provides a ‘layer’ of coverage.In essence, a primary layer of coverage may be purchased […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/posts\/845"}],"collection":[{"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/comments?post=845"}],"version-history":[{"count":0,"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/posts\/845\/revisions"}],"wp:attachment":[{"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/media?parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/categories?post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greenwoods.org\/wp-json\/wp\/v2\/tags?post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}