Sales Turnover Policy

Sales Turnover Marine Insurance (STOP) is a flexible policy covering a business's entire estimated annual sales for goods in transit, protecting against loss or damage during all legs of movement (imports, exports, local sales/purchases) under one single, streamlined policy, unlike traditional ones requiring declarations for each shipment, offering significant admin ease and cost savings by basing premiums on total projected sales.

What’s It cover?

Domestic Purchase of raw material, consumable & stores
Imports
Inter-Factory, Inter-Warehouse or Inter-Depot transfer
To & Fro job work movements “TO Movements-The principal sends the goods to the job worker, either from their own premises or directly from a supplier's premises”. “Fro Movements-After the job work is complete, the goods can be: A-Returned to the principal's place of business. B-Sent to another job worker for further processing C-Supplied directly from the job worker's premise to the end customer.”
Domestic sales & Returns
Export Sales

Key Exclusion-

Unsuitable And Insufficient packaging -(Loss or damage to the goods/cargo due to improper packaging.)
Unfitness of container- (Loss or damage to the goods/cargo due to the carrying container being unfit for safe carrying of the goods/cargo.)
Willfull Misconduct-(Loss or damage to the goods/cargo due to intentional action of the policyholder.)
Mishandling of goods in transit - (Loss or damage to goods/cargo due to careless or rough handling.)
Damage due to inherent vice -(Loss or damage to goods/cargo due to its natural characteristic.)
War Risk - (Loss or damage to goods/cargo due to any war or war risk.)
Over dimensional cargo -(Loss or damage to goods/cargo due to over size of the goods/cargo beyond the carrying capacity. Dimension: 12m L * 2.5m W * 2.5m H. Weight 50 MT.)
Bulk Cargo - (Loss or damage to goods/cargo due to cargo being bulk (free flowing, liquid or dry form) and are being shipped loosely or without packaging.)
Temperature sensitive Goods/Cargo - (Loss or damage to goods/cargo which are temperature sensitive.)
Weapon, Radioactive Or nuclear fission -(Loss or damage to goods/cargo due to weapon, radioactive or  nuclear fission)
Ordinary wear and Tear - (Loss or damage to goods/cargo due to normal wear and tear of the goods is not covered)
Delay - (Loss or damage to goods/cargo due to delay except expenses payable)

Your Details

Who Should Buy This Policy?

Importers & Exporters: Regularly moving goods across borders.
Manufacturers: Sending finished products to distributors or customers.
Retailers: Distributing inventory to various stores.
Logistics & Freight Forwarders: Handling multiple shipments for clients.
Contractors: Transporting materials and equipment.
Banks & Buying Agents: Involved in financing or managing trade

Documents required buying Sales Turnover policy?

Financial Statements
Income Tax Returns
KYC Documents-PAN Card Aadhaar Card or other Valid address proof (Voter Id Passport, Driving License)
Previous details of policy, if any.
Vessel registration documents

Who Should Buy this Policy?

Manufacturers & Producers Covering raw material imports, inter-factory movements, and finished goods exports/sales.
Importers & Exporters: Getting blanket coverage for all inbound and outbound shipments.
Distributors & Retailers:Insuring goods from warehouse to dealership to customer.
FMCG, Auto, Food Industries: Companies moving large volumes of diverse products.
Project Owners:Covering movement of materials for large construction projects.

Why Choose Us?

A Marine Sales Turnover Policy (STOP) is highly advantageous for businesses with frequent and high-volume shipments because it offers comprehensive, seamless coverage under a single policy, significant premium savings, and simplified administration compared to traditional marine insurance.

Frequently Asked Questions (FAQs)

What is a Sales Turnover Policy?▼

A Sales Turnover Policy (STOP) is a type of marine cargo insurance designed for businesses with high-volume, frequent shipments. Instead of insuring each consignment separately, coverage is based on the total annual sales turnover.

Who should opt for a Sales Turnover Policy?▼

This policy is ideal for: Manufacturers with regular dispatches , FMCG and retail distributors , Importers and exporters and Companies with continuous movement of goods

How does a Sales Turnover Policy work?▼

The insured declares the estimated annual sales turnover at the beginning of the policy. Premium is charged on this estimate, and adjustments are made at the end of the policy period based on actual turnover.

What risks are covered under a Sales Turnover Policy?▼

Coverage generally includes: Fire and explosion, Accidents to carrying vehicle/vessel , Natural calamities (flood, storm, earthquake) , Theft, pilferage, and non-delivery ,Loading and unloading risks ,Coverage depends on the selected Institute Cargo Clauses (A, B, or C).

Is a Sales Turnover Policy mandatory?▼

No, it is not mandatory, but highly recommended for businesses with continuous sales and logistics exposure.

Why buy a sales turnover policy through Acuvisor?▼

With Acuvisor, you benefit from: Expert policy structuring, Competitive premium negotiation, Compliance & declaration support and End-to-end claim assistance