The economic risk is immense if a ship , due to a loss, is not able to generate revenue for weeks or even months.

This loss of profit is usually not insured via marine hull insurance, but can be insured via separate loss of hire or trade disruption insurance (TDI).

Loss of hire insurance compensates for the loss of revenue a shipowner suffers due to loss of the use of his ship in the event of a claim, , for example in a dry-dock period because of damage-related repairs.

This financial risk can be covered for the most part with a customized loss of hire insurance, which provides the agreed daily indemnification sum for the agreed period.