Make sure you’re protected, with the right coverage, so you can relax on and off the water.

Find the right insurance

The maritime industry is a global industry that involves operators transporting passengers and cargo over long distances. It cuts across national legislation and being a 24 hours a day business, it operates across international time zones. The following products are available to mitigate the risks associated with maritime operations. 

 

Marine Cargo

Marine Cargo Insurance is primarily concerned with international trade, which involves the import or export of goods or commodities. It is essentially the transfer of goods from one country to another. This insurance covers the risks of loss or damage to the insured item during the shipping process. Air or sea freight (and inland transit) is usually initiated from the warehouse or seaport of the supplying country to the warehouse or seaport of the buyer in the destination country. A marine insurance contract is one in which the insurer agrees to indemnify the assured against marine losses, that is, losses incurred as a result of a maritime adventure, in the manner and to the extent agreed upon.

MARINE HULL & MACHINERY:

The Hull and Machinery (H&M) cover is the most essential class of marine insurance as it provides for the total loss of the ship, damage to the hull, machinery, equipment, and appurtenances, plus general average contributions or damage to third-party property. However, liability can be insured separately or even with a different insurer.

YACHT INSURANCE

Being on the water provides a sense of peace and calm, while new adventures await. It's an experience you'd like to remember.

We can probably insure it if it floats and has an engine! Whether you require insurance for your dinghy, yacht, or narrowboat. We can assist you in finding the most suitable insurance policy for your needs.

The yacht insurance policy covers both third-party liability and loss or damage to pleasure craft.

Every boat is so unique it demands its own coverage strategy. Don’t hesitate to reach out to a Capstone Insurance Broker today! At CIB, our top priority is helping you save on insurance. So, instead of picking the first product that you find, speak with us to find the best deals!

Not sure what you need?
Speak to an agent now

Call Now

+234 (808) 527-7866

Sign up for emails