International specialty re/insurance managing general agent (MGA) Rokstone has launched a new freight-only inventory program with a capacity of $25 million, designed to provide customers with smarter, more flexible coverage and competitive premiums.
Only a few MGAs have the interest, capabilities and capacity relationships to provide pure inventory coverage.
The program is highly flexible and built on Rokstone’s technology capabilities, including its proprietary underwriting and distribution platform ATOMX. It also offers competitive pricing, broader wording, and lower deductibles.
MGA explains that the move is in line with demand for more tailored inventory solutions.
By separating inventory from property or inventory throughput plans, brokers can meet the needs of clients facing increased supply chain volatility, warehousing risks and dynamic storage environments, Rokstone said.
With a flat deductible as low as $10,000, the program includes catastrophic coverage and protection for the entire value of your inventory, delivering real value in cost savings, clarity and results customized to the way businesses operate today.
Mike Nukk, Head of Maritime at Rokstone, commented: “Demand for responsive and innovative cargo insurance is accelerating. There is growing recognition that insureds can benefit from individually insured inventory and we offer this in a way that truly reflects the nature of operational risks faced in today’s environment. This is a smarter way to think about inventory risk and a differentiator for brokers looking to structure cover to achieve better outcomes.”