Marine cargo insurance is a type of insurance that protects goods transported over water. It covers losses or damages that may occur during shipping, whether due to accidents, weather conditions, or theft. This insurance is essential for businesses that rely on shipping goods internationally, as it helps mitigate financial risks. The coverage can vary based on the policy, but it typically includes protection against various perils, such as sinking, fire, or collision. By having marine cargo insurance, companies can ensure that they are financially safeguarded against unexpected events that could impact their shipments.