Maritime Insurance is a specialized type of insurance that protects ships, cargo, and other maritime interests against losses or damages that may occur at sea. This insurance covers various risks, including accidents, theft, and natural disasters, ensuring that shipowners and cargo owners can recover financially from unexpected events. There are different types of Maritime Insurance, such as hull insurance, which covers the ship itself, and cargo insurance, which protects the goods being transported. This insurance is essential for businesses involved in international trade, as it helps mitigate the financial risks associated with maritime operations.