Working with a US broker, Miller has placed a stock only policy for a frozen meat importer.
This is a new business venture which imports frozen meat products from New Zealand, Australia and Uruguay and then sells the final product (hamburgers, ground beef etc.) to its end buyer, which is a large American multi-national.
The insured required a USD50m limit and being in California their main location had a high risk of earthquake. Miller also extended the coverage to include losses arising from temperature variation.
Miller's Cargo and stock throughput expertise