Marine liability insurance, a specialized form of insurance, offers protection to ocean freight companies against legal liabilities and financial losses arising from incidents occurring during the transportation of goods via sea.
This insurance is of paramount importance as it safeguards companies from a wide range of risks, including cargo damage, loss, or theft; pollution or environmental damage caused by the vessel; and personal injury or illness sustained by crew members or passengers. Marine liability insurance ensures that ocean freight companies can operate with confidence, knowing that they have financial protection in the event of unforeseen circumstances.