Marine Insurance

 What is Marine Insurance?

Marine insurance is a type of insurance designed to protect against the risks associated with the transportation of goods or the operation of vessels on water.

Benefits of Marine Insurance:

Protection Against Loss or Damage: Marine insurance safeguards the owner of the vessel, cargo, or other assets against the financial impact of loss or damage caused by accidents, weather conditions, piracy, or natural disasters.

Risk Mitigation: Shipping and maritime activities are inherently risky due to unpredictable factors like storms, rough seas, and collisions.

Business Continuity: For businesses involved in international trade or maritime transport, marine insurance ensures continuity in operations.