Marine Sales Turnover Insurance Policy popularly called STOP is a distinguished product. It is an Open Policy in the real sense of the term. STOP covers transit of raw material, semi-finished & finished products pertains to insured's a trade which encompasses Export, Import, Inter Depot movement from originating point to a destination on a seamless basis.
Advantage of STOP
- 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 a periodical declaration of movements to the insurer. Only monthly sales figures need to be submitted
- Intermediate storage cover is a built-in cover under the policy
- The policy is adjusted on expiry on basis of audited sales turnover the figure of the insured and refund of premium is allowed if any