A firm wishing to insure a single shipment of merchandise sent by a common carrier would purchase a(n)

Question

Quizplus · Accepted Answer

A trip transit policy specifically covers a single shipment of merchandise sent by a common carrier. An annual transit policy is for multiple shipments during a specified period of time, a bailee's liability policy covers the legal liability of a bailee (such as a warehouse operator) for loss or damage to the property of others in their care, and an equipment floater covers movable equipment or tools.

A Firm Wishing to Insure a Single Shipment of Merchandise