Marine Insurance: Sales Turn Over Policy

The policy is designed to insure a company's sales. This includes export/import / indigenous sales, stock transfer, procurement, etc. during the financial year. The policy is usually issued to companies that have a production unit and are registered under the Companies Act of 1956.

Read more
marine

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from top insurers

Get ₹10 lakh cover
starting at ₹591/transit+

Step 1/2
Instant policy copy
Covers transit losses, damages and risks
Single transit and annual covers

Get ₹10 lakh cover starting at ₹591/transit+

Instant policy copy
Covers transit losses, damages and risks
Single transit and annual covers
secure-icon We don't spam
Get Updates on WhatsApp
Check Your Premium Now
By clicking on "" you agree to our Privacy Policy and Terms Of Use

Get ₹10 lakh cover
starting at ₹591/transit+

Step 2/2
Get Updates on WhatsApp
Fast-track your search with instant quotes from top insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

Learn more about Marine Insurance
Transit Insurance
Read More
Marine Insurance
Read More
Cargo Insurance
Read More
Single Transit Policy
Read More
Marine open Policy
Read More
Marine open Cover
Read More
Increased value Policy
Read More

Highlights of Marine STOP Policy

Here are some of the highlights of the Marine STOP Policy:

  • The STOP insurance policy covers different aspects of the transit of the Assured, like exports, imports, indigenous production, stock transfers, purchase and sales returns, etc.
  • The sum insured under the policy is based on the annual turnover of the Assured and is not obligatory to be declared unless required by the Insured for the purpose of negotiating export documents.
  • The sum insured is determined according to the average sales turnover made in the last 3 years, excluding the expired years, as obtained from the Balance Sheet or estimated for the current year, or the actual turnover of the Assured in the preceding year, whichever is higher.
  • The policy does not cover Capital Goods, Project Materials, Spares or Machinery unless related to the trade of the Assured; timber logs, coal, cement, jewellery, household goods.

Marine STOP Policy Coverage

This policy provides coverage for the following:

  • The STOP policy in marine insurance provides all risks cover issued with War & SRCC.
  • The cover is for Basic Damage and Fire during the course of the journey.
  • The premium rate depends on the proposed Terms of Cover.
  • SRCC (Inland Transit)
  • War & SRCC (Import & Export)
  • Non-delivery, pilferage & theft in case of Basic Cover only
  • The policy provides coverage for any additional storage prior to the delivery of cargo at the final destination

Marine STOP Policy Does Not Cover

This policy does not provide coverage for the following:

  • Inherent vice
  • Wilful misconduct of the assured
  • Nuclear weapons
  • Rats and vermin
  • Improper packing
  • Deliberate damages
  • Ordinary leakage in case of liquid cargo
  • Ordinary loss in weight
  • Insolvency of carrier
  • Ordinary wear & tear
Written By: PolicyBazaar - Updated: 30 October 2023
ghi rhs banner
Commercial Insurance Products
Group Health Insurance
Marine Insurance
Workmen Compensation Insurance
Professional Indemnity
Fire And Buglary Insurance
Shop Insurance
Comprehensive Liability Insurance
Cyber Insurance
Group Personal Accident Insurance
Group Life Term Insurance
Drone Insurance
Marine Insurance Articles
  • Popular Articles
  • Recent Articles
What are the Different Types of Marine Losses?
What are the Different Types of Marine Losses?
Transit of goods through waterways involves high risks. Marine insurance plays a significant role in safeguarding...Read more
23 Nov 2022 by Policybazaar 5267 Views
Warranties in Marine Insurance
Warranties in Marine Insurance
Warranties in marine insurance are referred to as assurances or promises by the policyholder about a certain act...Read more
20 Jul 2023 by Policybazaar 1504 Views
Difference Between Total Loss and Partial Loss in Marine Insurance
Difference Between Total Loss and Partial Loss in Marine Insurance
Traders who export or import their goods across distant lands are aware of the risks during transit. While there...Read more
23 Feb 2022 by Policybazaar 6529 Views
6 Not to Forget Principles of Marine Insurance
6 Not to Forget Principles of Marine Insurance
Marine insurance is not of recent times and is one of the oldest forms of insurance. Besides, with time, it has...Read more
10 Feb 2020 by Policybazaar 9636 Views
International Cargo Clauses & Inland Transit Clauses in Marine...
International Cargo Clauses & Inland Transit Clauses in Marine...
Marine insurance coverage is divided into two types. One is International Cargo Clause (ICC) and the second is the...Read more
13 Aug 2022 by Policybazaar 5069 Views
Transit Insurance Step by Step Claim Process
Transit Insurance Step by Step Claim Process
Navigating the complex landscape of transit insurance claims...Read more
24 Nov 2023 by Policybazaar 31 Views
Importance of Logistics in Global Trade & Role of Marine Insurance
Importance of Logistics in Global Trade & Role of Marine Insurance
Effective logistics, relying on enhanced trade infrastructure...Read more
22 Nov 2023 by Policybazaar 30 Views
Impact of Technology in Goods Transportation
Impact of Technology in Goods Transportation
Logistics is a pivotal force driving industrial innovation in...Read more
22 Nov 2023 by Policybazaar 24 Views
Risk Management in Goods Transportation
Risk Management in Goods Transportation
Transportation companies in India have a substantial impact on...Read more
22 Nov 2023 by Policybazaar 30 Views
Different Modes of Goods Transportation
Different Modes of Goods Transportation
The movement of goods across the globe is the lifeblood of our...Read more
14 Nov 2023 by Policybazaar 21 Views
Policybazaar for Business - Marine Insurance - Customer Reviews
View all 114 reviews
View all
4.3/5
Based on 114 reviews
4.3
out of 5
Based on 114 reviews
14 users
87 users
13 users
0 users
0 users
3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
Jamshedpur
3.8 January 31, 2023
Arvind
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore
114 Review Item
Write a Review