Running an Export/Import Business in India? Here's Why You Need Marine Insurance

Why do you need marine insurance in the business of import and export? This is a relevant question for individuals who highly rely on marine transit for the business of import and export. With liberalization, the Indian economy has witnessed an incredible growth rate. Import/export is one of the prominent causes of such evolution. It helps the economy of developing nations to grow rapidly. However, the individuals running their import/export business in India must consider the safety of goods to be imported and exported across the globe. They must purchase a marine insurance policy in order to protect the goods against loss and damages.