Insurance in the maritime industry is an essential protection for vessels, cargo, crew, and passengers against potential risks during operations. Common types of marine insurance include:

• Hull & Machinery Insurance – Covers the vessel and its equipment against damage.
• Protection & Indemnity (P&I) Insurance – Provides liability coverage for shipowners, including third-party claims, passenger accidents, and marine pollution.
• Cargo Insurance – Protects goods against loss or damage during transport.
• Crew Insurance – Ensures safety and health coverage for seafarers.

Insurance enables shipping companies to operate with greater security, compliance, and confidence in managing maritime risks.