Given today’s situation of volatility around the world, companies conducting business throughout international trade have to be preemptive in their approach towards the protection of their shipments at the risk of unknown perils. Cargo is protected by the nature of losses resulting from natural disasters as well as global conflicts through marine insurance. For shipping goods across oceans or managing any type of supply chain, it is important to know about the significance of cargo insurance to reduce the financial risk, as well as continue the business activities.