Navigating Marine Insurance: From Transit Risks to Protection and Indemnity Coverage

Marine insurance is a crucial element of the overall supply chain risk management that protects various perils related to shipment on water. Marine insurance is therefore security sought and obtained in order to overcome the uncertainties that are sometimes encountered in the course of operation of vessels, transportation of raw materials, finished products or even running of business. Among the many types of insurance, whether marine transit insurance or protection and indemnity insurance, businesses can use the breakdown of this line of insurance to help shield their interests.

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