marine insurance

marine insurance definition - business

marine insurance

Coverage for commercial transportation vehicles and the cargo they transport over land, sea, and air. Marine insurance is often divided into ocean marine insurance, which covers ocean and inland waterway transportation exposures, and inland marine insurance, which provides coverage of property in transit over land.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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