Marine Insurance
Marine Insurance is a type of insurance that protects ships, cargo, and other maritime interests against losses or damages that may occur at sea. It covers various risks, including accidents, theft, and natural disasters, ensuring that shipowners and cargo owners can recover financially from unexpected events.
This insurance can be tailored to different needs, such as hull insurance for the vessel itself or cargo insurance for the goods being transported. By providing financial security, marine insurance plays a crucial role in international trade and shipping, helping businesses manage the inherent risks of maritime operations.