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  Types of Marine Insurance: A Complete Guide for Global Shippers Whether you’re sending electronics to Europe, importing raw materials from Asia, or operating a global shipping company, protecting your cargo and assets is essential. That’s where types of marine insurance come in. With international logistics involving multiple risks—weather events, theft, damage, and delays—it’s critical to know which types of marine insurance will best cover your operations. In this blog, we’ll explore all major types of marine insurance , how they work, who they’re for, and why choosing the right type can save you from enormous financial losses . Why Understanding the Types of Marine Insurance Matters Over 80% of global merchandise trade is transported by sea, according to UNCTAD. With this vast volume, the risk of loss is ever-present. In 2022 alone, there were over 1,500 maritime incidents reported worldwide, from container losses to grounding and fires (Source: Allianz Shipping Review). T...

  Kinds of Marine Insurance: Securing Every Leg of Global Trade When transporting goods over long distances, especially internationally, the risks are numerous—storms, theft, cargo damage, and even piracy. That’s why understanding the different kinds of marine insurance is essential for exporters, importers, freight forwarders, and vessel owners alike. There isn’t just one blanket policy for all maritime risks. The variety of policies available reflects the diversity in shipping operations. In this blog, we’ll explore the major kinds of marine insurance , what each type covers, and why choosing the right one can protect your business from major financial loss. Why You Need to Know the Kinds of Marine Insurance Every shipment is different. A container of frozen food traveling by sea from India to Europe needs different coverage than heavy machinery flown to North America. That's why multiple kinds of marine insurance exist—to match the specific needs of various types of cargo, ves...