Cargo Insurance
This covers the goods being transported against loss or damage from a wide range of perils, including fire, theft, collision, and seawater damage. Different clauses, such as Institute Cargo Clauses.
Hull Insurance
This covers the vessel itself, including its machinery and equipment, against physical damage or loss. It typically covers perils like fire, collision, grounding, and heavy weather.
Liability Insurance
This covers the shipowner’s liability for damages caused to third parties, such as other vessels, cargo, or port infrastructure. It also covers liabilities for crew injuries and certain other risks.
