Marine Insurance

Marine Insurance

Marine insurance is another variant of the general term ‘insurance’ and as the name suggests is provided to ships, boats and most importantly, the cargo that is carried in them.

Marine insurance is very important because through marine insurance, ship owners and transporters can be sure of claiming damages especially considering the mode of transportation used.

• Marine Hull
• Marine Cargo
• Protection and Indemnity

Description

Marine Hull – Insurance that covers against loss or damage to hull and machinery including equipment that generates the power to move the vessel and control the lighting and temperature system,
such as boiler, engine, cooler and electricity.

Marine Cargo – Marine Cargo Insurance Risk coverage for the delivering of goods via sea.

Protection And Indemnity – Protect a professional in respect of liability arising out of professional negligence committed by him, or his predecessors, or his employees.