Businesses make money by selling products. If your business imports or exports its products, you’re investing in your company every time you ship cargo. It’s surprising how many businesses don’t protect that investment with cargo insurance and pay heavily for it in the end.
Whether importing or exporting, using air freight or ocean freight for your international shipping, marine/cargo insurance covers loss and/or damage of cargo while it is in transit.
This insurance is against the perils of the seas, fire, earthquakes, lightning, collision, capsize, explosion, deviation and all other like perils, losses or misfortunes that have or shall come to the hurt, detriment or damage of the property while it is in transit between the points of origin and final destination.