Which property in transit policy protects both the shipper and receiver from loss during transit?

The annual transit policy is specifically designed to cover goods that are shipped multiple times over the course of a year. This type of policy effectively protects both the shipper and the receiver against loss or damage to property while it is in transit. It eliminates the need to obtain a separate policy for each individual shipment, which can be more efficient and cost-effective for businesses that regularly ship goods.

In contrast, the trip transit policy is tailored for a single shipment, which does not provide the same ongoing protection for multiple shipments throughout the year. The open cargo policy typically covers goods that are shipped without specifying the exact nature of the shipments. Lastly, fixed transportation does not refer specifically to insurance coverage but rather to a method of transporting goods. Therefore, the annual transit policy stands out as the best option for providing comprehensive coverage for both parties involved in multiple shipping transactions.