The marine industry is one of the riskiest industries, and much thought is put into the insurance process. When you buy an insurance coverage, it moves all liability from you to the insurance providers. This means you will be acting as an intermediary with limited liability. Procuring an insurance policy as an exporter means the policy will protect you against any loss or damage to the cargo. One of the first obligations you must follow as an exporter is to have marine cover; this protects your customers’ interests. If a loss happens, you need to reach out to your underwriter, who will assign a surveyor to analyse the loss. In marine insurance, it is compulsory to issue agreed value policies. This agreed value is concluded between the insurer and policyholder except when an alleged fraud happens.