What type of coverage is provided for loss of income under ocean marine?

Freight coverage is specifically designed to protect against the loss of income that a shipper might incur due to the loss or damage of cargo while it is being transported over the ocean. In marine insurance, this type of coverage ensures that if goods are lost or damaged, the insured party can recover a portion of the income that they would have earned from those goods.

Different types of coverage are necessary for marine insurance, where liability pertains to legal responsibilities, property damage often refers to the physical assets, and insurance varies in scope and purpose. However, freight focuses directly on the income aspect related to cargo transport, making it the correct answer when discussing coverage for loss of income under ocean marine insurance.