Marine

Marine insurance in the Philippines is essential for businesses engaged in trade. It covers loss or damage to ships, cargo, and other transport modes, ensuring goods reach their destination safely. Without it, businesses face risks like **heavy weather, fire, lightning, explosion**, and **piracy**, which can lead to significant financial losses. The country's archipelagic nature makes marine insurance crucial for protecting against maritime perils. Businesses should not underestimate the importance of marine insurance. it's a strategic investment that secures trade and mitigates financial risks in the unpredictable marine environment. 🚢💼

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