{"id":11261,"date":"2019-11-21T09:35:40","date_gmt":"2019-11-21T09:35:40","guid":{"rendered":"https:\/\/securenow.in\/blog\/?p=11261"},"modified":"2025-07-15T07:58:52","modified_gmt":"2025-07-15T07:58:52","slug":"running-an-export-import-business-in-india-heres-why-you-need-marine-insurance","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/running-an-export-import-business-in-india-heres-why-you-need-marine-insurance\/","title":{"rendered":"Running an export\/import business in India? Here\u2019s why you need marine insurance"},"content":{"rendered":"
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In this era of globalization, domestic borders no longer limit how far you can expand your business. With liberalization opening out our economy for almost thirty years, our export and import businesses have grown exponentially. While exclusive products and services that India is known for are being exported to different countries, businesses also import products and materials from faraway shores to provide them to Indian users and consumers. Hence it’s not surprising that the risk of damage or loss of goods due to physical transits has become quite significant. Thus, export and import insurance<\/a> play a vital role.<\/span><\/p>\n

When you are involved in exporting or importing goods using marine or water transport modes, there is always a relatively high risk of damage. Any unforeseen situation during the transit could prevent the goods from delivering in good shape to the recipient, thereby causing significant financial loss to your business. There is one solution to help you avoid bearing such a loss, however \u2013 <\/span>Marine Insurance<\/span><\/a> for the export and import of goods or cargo.<\/span><\/p>\n

Let\u2019s discuss some significant advantages of buying export and import cargo insurance<\/a>:<\/p>\n