Novo Insurance - Professional Insurance Services

Sales Turnover Policy (STOP)

Type: Corporate Insurance | Category: Marine Insurance

Policy Details

Learn more about the Sales Turnover Policy (STOP) policy.

Sales Turnover Policy (STOP)

Description

STOP is a marine-cum-storage insurance product that covers all movement and incidental storage of goods, based on a company's annual sales turnover instead of specific transits.

What is This Policy?

Sales Turnover Policy provides end-to-end cargo protection β€” from raw materials to finished goods β€” across transits and storage, based on your company’s turnover. It simplifies coverage for high-volume businesses.

What is Covered

STOP offers comprehensive protection for all goods in transit (inbound and outbound), inter-factory transfers, customer deliveries, and temporary storage at warehouses. It includes risks like fire, theft, loading/unloading damage, and natural perils. Custom clauses can be added to extend cover for overseas transits, storage, or terrorism as per requirement.

Who Should Buy

Large manufacturers, OEMs, and exporters, Multinational supply chains and group companies, Any business with complex and high-value logistics operations

Key Features

  • Covers domestic & international movement + incidental storage
  • Valuation based on annual turnover, not per shipment
  • Reduces underinsurance and administrative load
  • Warehouse-to-warehouse, inter-unit, customer delivery – all included
  • Theft and pilferage included in all-risk versions
  • Terrorism risks can be covered for storage, but usually excluded in marine legs unless specified

Get in Touch

Request a free consultation for the Sales Turnover Policy (STOP) policy.

Contact Information

123 Financial District, Hyderabad, Telangana 500032

+919100509675

info@novoinsure.com