Moving goods/stock worldwide can be a tricky business and entrepreneurs can undergo a huge loss if their goods are not insured thus it is necessary for companies to insure their cargo whilst remain in business.
This policy protects against damage or loss or goods in while in transit from the manufacture’s warehouse to the importers warehouse by sea, road, air or rail. The cover is in respect to war and strike perils, civil commotion perils, Marine perils
Marine Hull Insurance
This policy covers against loss and/or damage to vessels/ships,hull,engines and accessories caused by perils of the sea,lake,rivers.It covers explosion,piracy,fire,theft,defects in hull or machinery and third party liabilities on injuries and property damage.