All Systems Nominal
Last updated: 06:14 UTC // Feb 26 2026Underwrite // Risk Command
Specialty insurance programs for apparel brands, DTC labels, and luxury sourcing operations — structured with the precision of the supply chains we protect.
UNDERWRITE — LIVE EXPOSURE MAP
FEED LIVE
02.26.2026 // 06:14:32 UTC
6 ACTIVE ROUTES // PACIFIC LANES
Policy Stack — Current
Cargo MarineActive
Open Cargo Policy$18.4M
Stock ThroughputRenewal 34d
Warehouse + Transit$22.1M
Product LiabilityBound
Recall + Defense$7.7M
Key Metrics // Live
$48.2M
Total Insured Value
TIV across all programs
14
Active Policies
Multi-line programs
0
Open Claims
Zero unresolved exposure
312
CPSC Recalls YTD
2025 // 24M+ units affected
Market Alert
De minimis exemption ended Sept 2025. Parcel traffic down 80%. Containerized cargo facing customs delays at US ports — review your delay exclusion.
Cargo Marine // Open Policy◆Stock Throughput // Warehouse + Transit◆Product Recall // CPSC Trigger◆Business Interruption // Supply Chain◆Soft Market Conditions 2026◆Pacific Trade Lanes — Monitored◆Cargo Marine // Open Policy◆Stock Throughput // Warehouse + Transit◆Product Recall // CPSC Trigger◆Business Interruption // Supply Chain◆Soft Market Conditions 2026◆Pacific Trade Lanes — Monitored◆
What standard policies miss
Garment-specific sublimits, at-cost vs. at-selling-price valuation gaps, 3PL liability vs. inventory coverage, and the sistership exclusion that voids your recall claim.
How Underwrite structures it
Manuscript policy forms, open cargo programs, stock throughput replacing fragmented coverage, and recall riders that actually trigger — benchmarked against garment-industry loss data.
The cost of getting it wrong
$13M CPSIA penalty. $50M recall event. Q4 inventory uninsured at 3PL. One blocked canal erasing a collection. These are not hypotheticals — they are claims we have seen.
01 // Cargo MarineMarine Cargo
Cargo in Transit
Physical loss or damage to goods moving through the global supply chain — from factory floor in Guangzhou to distribution center in New Jersey.
$18.4Mavg. per-client TIV on open cargo programs
“Your freight forwarder has a policy. It covers their liability, not your inventory. That is not the same thing.”
Coverage Triggers & Limits
| Trigger | Limit | Deductible |
|---|---|---|
| All-risk (A) — Physical Loss | Up to $25M/vessel | $2,500 |
| General Average Contribution | Full value | Nil |
| Strikes, Riots, Civil Commotion | Per policy | $5,000 |
| War / SRCC Extension | Per voyage | $10,000 |
| Delay — Port Congestion | Endorsement req. | Varies |
| Samples & Sales Reps Floater | $500K | $500 |
Exclusion Watch-outs
Inherent Vice
Mold, mildew, and dye bleed in humid containers are excluded by default. Garment-specific humid-condition riders required.
Delay Exclusion
Standard ICC-A does not cover financial loss from delay — promotional windows missed, markdown risk, and carrying costs excluded.
Packing Deficiency
Damage caused by inadequate packing voids the claim. 3PL-packed garments require documented packing standards in policy.
De Minimis Tariff Exposure
Post-Sept 2025 end of $800 exemption: duty + tariff uplift on seized shipments is uninsured under standard forms.
How We Structure It Differently
At-Selling-Price Valuation
We bind at retail/wholesale selling price, not landed cost — recovering margin, not just invoice value.
Open Cargo Policy (Annual)
Single blanket declaration covers all shipments automatically. No per-voyage certificates to forget.
Manuscript Humid Conditions Rider
Custom endorsement for silk, lace, and natural fiber shipments from high-humidity origins (Hangzhou, Dhaka).
Garment-on-Hanger (GOH) Coverage
GOH containers have unique damage profiles — wrinkle, crush, and hanger marks covered under our bespoke form.
02 // Stock ThroughputStock Throughput
Inventory & Warehouse
One policy covering all stock, everywhere — in transit globally, at third-party warehouses, in bonded storage, and at fulfillment centers.
$22.1Mavg. inventory TIV on STP programs
“Your 3PL's warehouse legal liability pays out at $0.50 per pound. Your cashmere sweater weighs 12 oz. Do the math.”
Coverage Triggers & Limits
| Trigger | Limit | Deductible |
|---|---|---|
| Stock in Transit (All Modes) | Up to $50M | $5,000 |
| 3PL / Contract Warehouse | Full TIV | $10,000 |
| Bonded & CFS Warehouses | Per location | $7,500 |
| Work-in-Progress (WIP) | At cost | $2,500 |
| Finished Goods — Retail Value | At SP | $5,000 |
| Q4 Peak Season Auto-Increase | +50% TIV | Per base |
Exclusion Watch-outs
3PL Warehouse Legal Liability
WLL only pays when the 3PL is negligent AND at fault. Flood, fire from adjacent tenant, or theft by unknown party? Not covered.
Property Policy Exclusions
Standard commercial property policies apply sublimits ($250K–$500K) to goods held in third-party locations. STP has no such sublimit.
Peak Season Underinsurance
Annual average TIV understates Q4 exposure by 2–3x. Brands holding $8M inventory in October were insured for $2.8M average.
Claims Record Contamination
A stock claim under property policy raises your property premium. STP is standalone — stock claims stay off your property record.
How We Structure It Differently
Full Custody Chain Coverage
From factory to final-mile delivery. No coverage gaps when goods transfer between forwarder, port, 3PL, and last-mile carrier.
Automatic Peak Season Uplift
Policy automatically increases TIV by 50% from October 1 through January 15 — no endorsement required, no underinsurance.
Standalone Policy = Clean Claims Record
STP claims don't touch your property program. CFOs see lower property premiums long-term.
Supply Chain Risk Advisory
Marine insurers provide logistics partner vetting, packaging guidance, and environmental control specs — free with program.
03 // Product RecallProduct Recall
Product Recall
CPSC-triggered recall coverage: shipping, storage, disposal, PR crisis management, and lost profits when a product must be pulled from market.
$13MCPSIA penalty — single apparel chain, 1,200 units sold
“312 CPSC recalls in the first seven months of 2025 alone. 24 million consumer units affected. The sistership exclusion means your GL policy covers none of it.”
Coverage Triggers & Limits
| Trigger | Limit | Deductible |
|---|---|---|
| Recall Expense (Shipping + Disposal) | $5M–$25M | $50,000 |
| Lost Profits During Recall Period | Per policy | 30-day waiting |
| PR & Crisis Communications | $500K–$2M | None |
| Third-Party Recall (Retailer-Initiated) | Per event | $25,000 |
| Government-Mandated Recall (CPSC) | Full limit | $50,000 |
| Contamination / Mislabeling | Endorsement | Varies |
Exclusion Watch-outs
Sistership Exclusion (GL Policy)
All standard GL / Product Liability policies exclude recall expenses via the sistership clause. Your $5M GL limit pays $0 of recall costs.
CPSIA Retailer Liability
Since 2022 enforcement expansion, retailers selling recalled products face direct penalties. Your retailer's insurance won't cover your recall.
Voluntary vs. Mandatory Recalls
Many policies only trigger on government-mandated recalls. Voluntary recalls (the majority) require specific endorsement.
Fastener and Trim Hazards
Drawstring strangulation, button ingestion, and zipper laceration are the most common garment recall triggers — often sublimited or excluded.
How We Structure It Differently
CPSC Alert Monitoring Integration
We monitor CPSC alert feeds and notify clients when similar products are recalled — enabling proactive response before mandatory action.
Voluntary Recall Coverage by Default
Our form covers voluntary recalls from day one. No endorsement required — because most brands recall before the CPSC mandates it.
Full Garment Trigger Schedule
Policy schedule explicitly names drawstrings, buttons, snaps, zippers, dye content, and flame retardant compliance as covered triggers.
Retailer Defense Coverage
Downstream retailer claims covered under our form — protecting distribution relationships when a recall hits the shelf.
04 // Business InterruptionBusiness Interruption
Supply Chain Interruption
When a blocked canal, port strike, or key supplier failure erases a season — contingent business interruption coverage structured for fashion's unforgiving calendar.
80%drop in de minimis parcel traffic since Sept 2025 exemption closure
“Fast fashion runs on windows, not warehouses. Miss the back-to-school window by 30 days and the markdown is the loss — not the freight.”
Coverage Triggers & Limits
| Trigger | Limit | Deductible |
|---|---|---|
| Named Port Congestion (Named Ports) | $2M–$10M | 14-day wait |
| Canal / Chokepoint Closure | Per event | 30-day wait |
| Key Supplier Failure (Contingent BI) | $5M | 7-day wait |
| Port Strike / Labor Action | Per policy | 21-day wait |
| Customs / Regulatory Hold | Endorsement | Varies |
| Promotional Window Loss | Per schedule | 30-day wait |
Exclusion Watch-outs
Standard BI — Physical Damage Trigger
Commercial BI only pays after physical damage to your property. Port congestion, canal blockage, and supplier insolvency don't trigger it.
Contingent BI Sublimits
Most policies cap contingent BI (supplier/customer failure) at $250K–$500K. A single blocked canal event can cost $2M–$8M in missed revenue.
Promotional Window Exposure
Lost profit from missing a back-to-school, holiday, or fashion-week window is not covered under standard BI without specific endorsement.
Single-Source Supplier Concentration
If 40%+ of production comes from one factory or region, standard BI has no mechanism to cover that concentration risk.
How We Structure It Differently
Non-Damage BI Trigger
Our form triggers on port congestion, customs holds, and canal closures — no physical damage to your property required.
Fashion Calendar Alignment
Waiting periods calibrated to seasonal windows: 7-day for holiday, 14-day for back-to-school, 30-day for general disruption.
Contingent BI at Full Limits
Supplier and customer contingent BI written at full program limits — not sublimited to $250K like standard commercial forms.
Supply Chain Mapping Service
Risk engineers map your supplier concentration, single-source dependencies, and chokepoint exposures before binding — enabling accurate limit selection.
05 // Risk Audit
The audit is free.
The gap it reveals is not.
A senior risk analyst reviews your current program against garment-industry benchmarks and delivers a gap analysis within one business day. No obligation. No boilerplate report.
What the audit covers
Cargo & Transit Gap Analysis
Open cargo vs. per-shipment, valuation basis, humid-condition exposure
Inventory Concentration Review
3PL WLL vs. STP, peak season underinsurance, Q4 TIV modeling
Recall Coverage Mapping
Sistership exclusion check, CPSC trigger alignment, voluntary recall gap
BI Trigger Assessment
Physical damage trigger limitations, contingent BI sublimit exposure
Program Benchmark Report
Your coverage vs. peer mid-market apparel brands — anonymized
$48.2M
Total Insured Value
Under management
14
Active Programs
Multi-line structures
40%
Recall Surge
Past 5 years CPSC data
34d
Avg. Bind Time
From submission to bound