Covers loss or damage of ships, cargo, terminals, and any transport by which goods are transferred during shipments.

It depends on the nature of the operation, but certain types of marine insurance, like liability insurance, can be legally required.

Notify your insurer immediately after the incident, provide necessary documentation, and follow their guidelines for claims processing.

Yes, it’s possible to cover multiple vessels under a fleet policy, which can be more cost-effective than insuring each one separately.

Yes, piracy can be covered under the terms of a comprehensive marine insurance policy.

Factors include the type of vessel, age and condition of the ship, operating routes, and history of claims.

Common exclusions include willful misconduct, wear and tear, and war-related incidents, among others.

Yes, single-voyage policies are available and can be tailored to the specific risks of that trip.

The insured value is usually agreed upon based on the value of the ship or cargo and the potential risks involved.

If you have cargo insurance, you can claim for the damage or loss of the cargo specifically, regardless of any damage to the ship.