Marine insurance implicates ship exploitation risks insurance and insurance of different objects, which are as follows:

Ship Hull insurance 
Possible damage or destruction of ship body may result in considerable financial losses for ship owners. Insurance is the only practical and easy solution to solving such kind of problems.
Object of insurance is the property interest, related to damage or destruction of ship body or it`s constructional elements.
Insurance covers following risks:
 Ship`s total loss (factual and constructional), caused by either natural calamity or by different accidental or unforeseen circumstances
 Loss, caused by handling damage of ship body, constructional elements and mechanism

 Loss, caused by damage or full destruction by third party`s illegal actions
 Inevitable expenses aimed at reducing losses or avoiding them in future

Ship owner`s civil liability insurance
Insurance cover implicates covering damage caused to the third party, according to the law in force.
Coverage implicates insurance of following liability risks:
 Damage, caused to life, health or property of the third party (passenger).
 Damage, caused to the third party`s own ships, in case if it is crashed by insured ship.
 Damage of movable or immovable, swimming or other kind of property, owned by the third party, in case if it is crashed by insured ship.
 Damage caused to environment, as a result of fuel spill from insured ship.