Sales Turnover Policy has many usefulness and advantages for manufacturers and sellers of goods and tangible products.
These advantages are as follows:
- This policy offers coverage for purchases, sales and also returns of goods/ products in a single policy.
- The premium charged in Sales Turnover Policy (STOP) is affordable and competitive.
- The STOP policy offers flexibility in payment of premium on quarterly, half yearly or yearly basis.
- The policy does not require you to declare each and every shipment. The insured can do a monthly or quarterly declaration of shipments to the insurance company.
- The policy covers unloading, loading and intermittent storage of good and products under the coverage of the policy.
- Export and import of goods are also covered under this policy.
- Value of goods, shipment cost etc. are covered in the policy.