Throughout history, the boundless oceans have presented an ultimate barrier to courageous men seeking new lands to colonize or new commerce routes to build.
Despite technical advancements, the ocean remains a deadly environment. 26,000 events were recorded over the last decade, according to Allianz Global Corporate and Specialty.
Hull & Machinery Insurance covers physical damage to an insured vessel caused by a peril of the sea while the vessel is in transit.