What is Marine Insurance?
Marine insurance provides coverage for businesses that are involved in service to or the construction of waterborne vessels, or the transportation of goods by land or sea. This particular form of insurance provides for direct property loss, as well as defense and indemnity for third party claims that allege negligence during the execution of the business’s activities. marine insurance refers to waterborne activities as ocean marine and land based activities as inland marine.
Marine insurance is right for your business if:
Your business transports goods via ocean or land freight, or both
Your business involves the construction of ocean vessels
Your business involves transportation logistics
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If you have questions about marine insurance, please contact our experts today.
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