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This policy provides cover for all stocks against loss or damage by fire & Allied perils and theft whilst stored in the client’s own or leased premises or in transit anywhere within the declared geographical area.

This policy is ideal for wholesalers, warehouse operators, manufacturers with high stock turnover, supermarkets and merchandisers/distributors with diverse outlets.

In order to place a Stock Floater insurance Policy, the client will need to provide the following details:-

  • Full Name of the client /proposer for insurance, Postal Address, Telephone Contact, PIN Number, Occupation (Business from which client derives his income)
  • Total stock turnover any one year
  • Average stocks held at any one time
  • Maximum stock held across all outlets combined at any one time
  • Outlet with the highest stock and maximum value of stock held there at any one time

Already covered under product description

Clients who handle huge amounts of stock may find it difficult to declare separately all outlets of operations and the stock levels at each of these outlets.

This policy offers blanket coverage for all client’s stocks held in all their outlets make it logistically easier to manage insurance programme and avoid gaps.

Its scope is All Risks providing cover for a wide range of risks that stocks of a business may be exposed to.

In the event of a claim, KCB Insurance claims team will support you through the process to ensure the claims are processed effectively and efficiently. You can conveniently report the claim at the nearest KCB Branch.


In the event of any loss or damage to stocks occurring, we shall require the following documents in order to process the claim:-

  • Claim notification to the KCB Insurance Agency immediately.
  • Take necessary steps to protect undamaged stock and minimise the losses.
  • A Duly completed Claim form and statement on the circumstances of the loss.
  • Notify the police and obtain a Police abstract in case of ire, theft or malicious damage.
  • Witness(es) statements.
  • Furnish the loss adjustor with all documents requested such as audited financial reports for the most recent financial period.
  • Proof of cost/ Books of accounts such as purchase invoices and receipts.
  • Stock records.

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