Marine Insurance Meaning
Provides a safeguard against the perils of the sea, covering the loss or damage of ships, cargo, and the myriad transport mechanisms that facilitate the global exchange of goods. This form of insurance is a cornerstone of maritime commerce, offering financial protection and peace of mind to operators within the vast and unpredictable realm of ocean freight. Marine insurance underscores the inherent risks of maritime transport, reinforcing the resilience of supply chains through risk management strategies that have been refined over centuries.