Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination.

It provides financial protection against a wide range of risks including natural disasters, piracy, and accidents at sea. Additionally, it often encompasses liability coverage for third-party damage, ensuring that shipowners and operators can manage and mitigate potential losses efficiently. This type of insurance is crucial for businesses that rely on maritime transport, as it helps safeguard their investments and ensures the continuity of their operations even in the face of unforeseen events.

Marine insurance policies can be tailored to meet the specific needs of different stakeholders in the shipping industry.