Protection & Indemnity Insurance vs. Marine Transit Insurance: What’s the Difference?

Being insured can separate business owners from disastrous results in the fields of shipping, logistics and international trade. Marine insurance covers a lot, but P&I insurance and Marine Transit Insurance are some of the most misinterpreted policies. Although they look alike, these policies are meant for different reasons. Making the distinction between types of shipping is important for shipowners, cargo handlers, freight forwarders and logistics companies.

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Liability Insurance Coverage Explained: From Product Liability to Cyber Fraud Protection

Conventional product and liability insurance provides cover against claims caused by products defects, third party injuries or properties damaged. In the case of product liability, for manufacturers, retailers and distributors, the product liability insurance policy pays legal expenses and compensation in the event that a diseased product brings harm.

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Crime Insurance and Cyber Insurance: Protecting Businesses from Fraud and Cyber Threats

Businesses can shield themselves from criminal-caused financial losses through crime insurance which safeguards against employee theft and fraud and property robberies. The policy guards a business against internal criminal acts along with external criminal acts perpetrated by third parties. Most crime insurance policies protect businesses against the loss of funds and equipment together with physical property.

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A Complete Guide to Marine Insurance: Protection & Indemnity, Transit, and More

Global trade heavily relies on marine insurance to shield transported goods from unexpected perils that occur during sea and air and land transport. Understanding marine insurance becomes crucial for every person involved in business ownership as well as export-import operations because it protects their financial assets during transit.

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The Role of Marine Insurance in Global Supply Chain Management

Modern global supply chain management operates as a vital solution to maintain international trade flows through seamless international border crossings. Marine insurance acts as a vital element to ensure both stability and security of worldwide trade. Companies need marine insurance as their main financial protection which defends against unexpected losses that appear during goods transport.

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