Annual Turn Over Policy – Transit Risk
This policy provides transit insurance coverage to-
- Imports + Customs Duty
- Domestic & Overseas purchase of raw materials, consumables.
- All inter-factory/ inter-depot/ to &fro job worker movements.
- Exports transits
- Domestic sales of finished goods
- Temporary storage cover at intermediate locations like at Port, Job workers/ C & F premises etc
- So all the requirements of a company's Marine policies can be met by an Annual Turnover Policy
Key features of ATOP are:-
- Sizeable saving in premium, which is charged only on your sales turnover.
- Seamless cover with all movement of goods automatically covered.
- No hassles of submitting periodical declaration of movements to the insurer. Only monthly/Quarterly sales figures needs to be submitted.
- Facility for payment of premium on half-yearly/ quarterly basis.
