What does an Annual Transit Policy cover?

An Annual Transit Policy provides comprehensive coverage for all shipments made or received throughout a one-year period. This type of insurance is designed to simplify the management of multiple shipments, allowing businesses that regularly engage in shipping goods to have a single policy that covers these transactions over the course of a year.

This policy is particularly beneficial for businesses with frequent shipments, as it reduces the administrative burden of obtaining separate coverage for each individual shipment. It ensures that both incoming and outgoing shipments are covered, providing protection against loss or damage during transit over the entire year. The annual nature of the policy allows for consistency and reliability in shipping operations, as the business can rest assured that it is adequately insured against potential risks for all its shipments during this time frame.

Other options, such as limitations to specific seasons or individual projects, would not provide the broad coverage intended by an Annual Transit Policy. Instead, this coverage is structured to encompass the ongoing shipping activities within the scope of a calendar year, reflecting typical business needs for continuous and reliable protection in their logistics operations.