Cargo Insurance is a type of insurance that protects goods while they are being transported. It covers loss or damage to cargo due to various risks, such as accidents, theft, or natural disasters. This insurance is essential for businesses that ship products, ensuring they can recover financially if something goes wrong during transit. There are different types of Cargo Insurance, including marine insurance for sea transport and air cargo insurance for air shipments. Policies can vary in coverage, so it's important for shippers to choose the right plan based on their specific needs and the nature of the goods being transported.