Which coverage form provides insurance for all incoming and outgoing shipments?

The annual transit coverage form is designed to insure all incoming and outgoing shipments over a specified period, typically a year. This type of policy offers broader protection compared to other options because it does not require individual declarations for every shipment made during the coverage period.

It is particularly beneficial for businesses engaged in frequent shipping, as it simplifies the insurance process and allows for continuous coverage without the need to notify the insurer each time new goods are in transit. This continuous coverage mechanism helps businesses manage risk more efficiently and can be more economical than purchasing separate policies for each shipment.

By providing coverage for multiple shipments under one policy, the annual transit coverage ensures that businesses can operate smoothly without the administrative burden of individual policies, making it a popular choice among companies that deal with numerous shipments throughout the year.