International trade moves largely by sea. Today, nearly 80% of global goods are transported via maritime routes, making this mode of transport a strategic pillar for importers, exporters, logistics operators, and shipping companies.

In this context, marine insurance is not only part of the historical foundation of the insurance market, but also a critical tool for business continuity and risk management.

What Is Marine Insurance and Why Should You Consider It?

Marine insurance is designed to protect vessels, cargo, and liabilities against the multiple risks that may arise during navigation and port operations.

A single event—such as a fire, mechanical breakdown, theft, or a port-related incident—can result in significant financial losses if adequate coverage is not in place.

Main Marine Insurance Coverages

🔹 Hull and Machinery Insurance
Protects the vessel, its machinery, and onboard equipment against damage arising from navigation, collisions, or operational accidents.

🔹 Cargo Insurance (Marine Cargo)
Covers loss of or damage to goods throughout the entire maritime journey, from the point of origin to final destination, under the agreed terms and conditions.

🔹 Marine Liability Insurance
Provides coverage for damage caused to third parties, including other vessels, port facilities, or property affected by a maritime accident.

🔹 P&I Insurance (Protection and Indemnity)
Complements hull coverage by protecting against broader risks such as cargo damage, crew injuries, and third-party liabilities.

Why Is Marine Insurance So Important for Your Company?

✔ Protects your investment against unexpected losses
✔ Ensures operational continuity, even in the event of major incidents
✔ Builds trust among buyers, sellers, and commercial partners
✔ Supports compliance with contractual requirements and Incoterms®
✔ Reduces financial and legal risks in international operations

A Strategic Decision, Not Just an Operational One

Having a well-structured marine insurance program is more than a contractual requirement—it is a strategic risk management decision. Proper advisory support helps identify the right coverages, avoid protection gaps, and respond efficiently when a claim occurs.