tappioton

Tappioton was a pre-hoist insurance product that was marketed in the insurance industry, particularly in the United Kingdom. The product was a type of protection that covered losses incurred up to a certain point, including losses stemming from theft, glass breakage, and other risks typically associated with transportation costs.

The purpose of Tappioton was to mitigate costs associated with non-delivery of goods due to various unforeseen events. It offered employers prospects who would like to take control over losses stemming from transit cycling regarding certain types of cargo items. At launch, this type of policy product was only available for brokers in the United Kingdom.

The allowable risk conditions of Tappioton policies have varied widely by product sublevel, professional and employer circumstances as well as impacts over duration of the risk converted. Some featured packages initially chose higher insurance premiums however they are tied less directly.

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Unfortunately, Tappioton's impact and widespread use are difficult to measure, as the specific information and operational literature surrounding this specific risk management insurance product at the time is limited and often scattered and now dry.