Which type of insurance covers the shipping profit?

Freight Insurance is designed specifically to cover the financial interests of the shipper, including the profit associated with the goods being transported. When cargo is shipped, there is an inherent risk of loss or damage during transit. Freight Insurance provides coverage for these potential losses, ensuring that if the shipment is lost or damaged, the shipper can recover the value of the shipment, including the profit they would have made from selling that cargo.

Marine Cargo Insurance focuses on the physical aspects of the cargo and the risks associated with transportation over water. While this insurance is critical for protecting the actual goods being shipped, it does not specifically encompass the loss of profits that may occur as a result of a shipment failing to arrive as expected.

General Average Insurance involves a maritime principle where all parties share the loss resulting from a voluntary sacrifice of cargo to save the voyage. This type of insurance helps distribute losses among interested parties but does not specifically cover shipping profit.

Protection Insurance typically refers to insurance for vessels or liability associated with shipping rather than covering financial aspects like profit from the sale of cargo. Therefore, Freight Insurance is the most suitable choice for covering shipping profit due to its specific focus on the financial implications of shipping operations.