Global Trade Risks Eased by Marine Insurance Coverage
Marine insurance is a vital risk management tool in international trade, effectively addressing natural disasters, accidents, and human-caused risks during sea transport. By providing financial compensation, stabilizing operating costs, and enhancing corporate reputation, marine insurance safeguards businesses' global trading activities. It offers economic protection against cargo loss or damage, ensuring business continuity and mitigating potential financial losses from unforeseen events. It is an essential guarantee for the sound development of enterprises involved in international trade.
