Marine Hull insurance is a specialised type of insurance requiring in-depth analysis of your company’s own particular needs. But just like life insurance or accident and sickness insurance for humans, it’s a must have for any vessel leaving or even residing in port. Hull insurance typically covers damage caused by a variety of perils, including collisions, grounding, fire, and piracy. It may also cover losses related to theft, malicious damage, and other causes of damage or loss. Arranging it requires knowledge, experience, and the right connections.