Marine Insurance is a specialized policy that protects ships, cargo, and related maritime interests against risks during transit by sea, air, or land. It covers losses or damages caused by perils such as storms, collisions, fire, theft, or accidents while goods are being transported.
The insurance can extend to hull (ship), cargo, freight, and liability, ensuring financial security for shipowners, exporters, and importers. By safeguarding against unpredictable maritime hazards, marine insurance supports global trade, minimizes financial exposure, and ensures smooth business continuity for those engaged in shipping and logistics.
