Businesses transporting goods, equipment, or valuable assets need insurance that protects against loss or damage. Inland and ocean marine insurance are two options designed to safeguard property in transit. While both types of policies cover moving goods, they apply to different transportation methods and risks. What Ocean Marine Insurance Covers Ocean marine insurance protects cargo, ships, and related equipment while
Ocean marine insurance protects goods and merchandise transported on shipping vessels. It covers both foreign and domestic waters and incorporates inland and aviation transport depending on its necessity for a specific shipment. This blog discusses various aspects of ocean marine insurance coverage, including who must buy this insurance, the different types of coverage offered, and the policy types and variants.
Does part of your business or personal experience involves shipping materials or goods overseas? Since it’s important to protect valuable assets during the shipping process, consider ocean marine insurance for items transported by sea. Here’s a deeper look at ocean marine insurance, who needs it, and what it covers. Who Needs Ocean Marine Insurance Coverage? A wide range of international