SkyCell to offer product loss insurance on all of its shipments

posted on 9th April 2019 by Justin Burns
SkyCell to offer product loss insurance on all of its shipments

SkyCell is introducing a comprehensive insurance against product loss called ‘Peace of Mind Insurance’ to eliminate the risk of product loss for its clients.

The Swiss-based manufacturer of temperature-controlled containers for pharmaceuticals is providing a hassle-free insurance add-on with coverage of up to US$4 million per container.

Backed by a multinational commercial insurance company, SkyCell is the only provider of pharma containers to offer such a defacto temperature performance guarantee for the transport of temperature-sensitive pharmaceuticals.

The cool chain company said common practice today is that all players in the pharma supply chain – freight forwarders, airlines and packaging companies exclude any financial responsibility in case of temperature excursion. This leaves all the risk with the pharma manufacturer. SkyCell’s new ‘Peace of Mind Insurance’ add-on closes this gap.

SkyCell chief executive officer, Richard Ettl said: “We want to give all our clients a peace of mind when shipping their sensitive pharmaceuticals and to stop worrying about temperature excursions.

“On top of providing them with the safest pharma containers in the market, our “Peace of Mind Insurance” systematically eliminates the financial impact of product loss.”

For every shipment, uses the SkyCell Transport Planner’s risk assessment to define lane SOPs together with the shipper, freight forwarder and airlines, producing a comprehensive lane risk analysis even for shipments to remote destinations.

“Our SkyCell Transport Planner helps us to identify the risks, mitigate them and insure them. With our new insurance offering, we want our clients not to have the slightest doubt about the safe transport of their valuable cargo anymore. This is an absolute novelty in our business” said chief commercial officer, Marrie Groeneveld..

SkyCell is a leading manufacturer of temperature-controlled containers for pharmaceuticals. 14 of the 20 largest pharmaceutical manufacturers globally have independently validated the service offering of SkyCell and implemented its usage into their supply chain.

In only six years, SkyCell became the fourth largest container company and has the largest fleet of Internet of Things plugged-in containers in the world for the shipment of temperature controlled pharmaceutical products by air.