marine insurance policies

Marine insurance policies protect cargo and ships against loss or damage during transportation over waterways. These policies cover various risks, such as accidents, storms, theft, and damage during loading and unloading. Key components include hull insurance, which covers the ship itself, and cargo insurance, which protects goods being transported. Marine insurance helps businesses manage financial risks associated with shipping, ensuring that they can recover losses and maintain operations if something goes wrong during transit. It is essential for anyone involved in maritime commerce to safeguard their investments against unpredictable events at sea.