Hull and cargo insurance

Hull and cargo insurance are types of protection for ships and their goods. Hull insurance covers the vessel itself—its structure and machinery—against damage or loss from events like accidents or storms. Cargo insurance, on the other hand, safeguards the goods being transported, protecting against risks like theft, damage, or loss during transit. Both ensure that ship owners and traders are financially protected, allowing them to recover costs and continue operations if unforeseen incidents occur at sea or during transportation.