Square Insurance

Marine trade has been the backbone of India’s import–export industry for decades. Every day, goods worth thousands of crores move across oceans, rivers, and roads as part of the marine transit ecosystem. With such large-scale movement of cargo comes the risk of loss, damage, theft, and unforeseen maritime accidents. This is where a Marine Insurance Policy becomes not just important but essential for businesses, exporters, importers, transporters, and logistics companies. In this complete 2025 guide, we explain what marine insurance is, how it works, its types, coverage, benefits, and why every business involved in cargo movement should invest in it. What Is Marine Insurance? A Marine Insurance Policy protects goods, vessels, and cargo from risks and damages occurring during transit—whether by sea, air, rail, road, or inland waterways. It also provides coverage for liabilities arising from unexpected events such as accidents, piracy, natural calamities, and cargo handling issues....