What are the benefits of Marine Insurance?

Marine insurance offers numerous benefits to ship owners and businesses involved in maritime trade. Firstly, it provides financial protection against potential risks such as damage or loss of cargo, equipment, or the vessel itself. This ensures that businesses can recover their losses and continue operations without facing significant financial setbacks. Additionally, marine insurance helps increase the overall stability of the maritime industry by encouraging investment and promoting safe and reliable practices.

What are the benefits of Marine Insurance?