H&M Insurance Policy

H&M Insurance, or Hull and Machinery Insurance, covers maritime vessels against physical loss or damage. It protects shipowners from risks like accidents, theft, or natural disasters that could harm their ships and machinery. This insurance typically includes coverage for repairs, replacements, and sometimes the cargo being transported. H&M Insurance is essential for ensuring that shipowners can manage the financial risks associated with operating a vessel, thus safeguarding their investment and ensuring business continuity in the maritime industry.