Question

XYZ Shipping International is a major shipping company that transports goods both domestically and abroad. The company is looking for a new ocean marine insurer to cover the many shipments of cargo that XYZ ships up and down the west coast of the United States every year. What kind of coverage is XYZ Shipping looking for?

Answer 1

XYZ Shipping International is looking for ocean marine insurance coverage for their shipments of cargo. Ocean marine insurance provides protection against damage or loss of cargo during transit, as well as liability coverage for potential damages caused to third parties.

Step-by-step explanation:

XYZ Shipping International is looking for ocean marine insurance coverage for their shipments of cargo. Ocean marine insurance is a type of insurance that covers the risks involved in transporting goods by sea. It provides protection against damage or loss of cargo during transit, as well as liability coverage for potential damages caused to third parties.