$In order to reduce the high premium costs of marine insurance, used to insure shipments of goods exported or imported overseas, more than 20 members of our business trade association have banded together to obtain a single policy through an insurance broker. Because the premium rates vary with the volume that an individual company ships per year, the group is able to act as a single larger exporter, reducing the rates through spread risk. On one shipment of flight simulators to India, we saved approximately $2,500 by using the group premium rate.