Marine hull and liability insurance covers damage or loss to the vessel, including its machinery and equipment, as well as legal liability to any third party due to negligence related to the vessel's operations or the actions of masters or crew. If the goods are moving from one place to another, they are prone to several risks. Risks of fire, theft, rain water damage, riots, strikes, war, sinking of vessel, piracy etc. There is no way to avoid these risk, hence the most viable solution to avert the loss is to buy Marine Cargo Insurance. It compensates the cargo owner for the loss or damage to its cargo attributable to large number of risks.