Navigatewitheverycargocovered.
Everyshipmentcomeswithriskwhetheryou'reimportingrawmaterials,exportingfinishedproducts,oroperatingcommercialvessels.Adamagedcargo,vesselaccident,fire,theft,orunexpectedincidentduringtransitcanresultinsignificantfinanciallossesanddisruptbusinessoperations.MarineInsurancehelpsprotectyourinvestmentbyprovidingcoverforgoodsandvesselswhiletheyareintransitoroperation.
ProtectingYourBusinessBeyondtheShoreline
For businesses involved in trade and transportation, the journey doesn't end when goods leave the warehouse or arrive at the port. From loading and transit to final delivery, cargo and vessels remain exposed to risks that can affect profitability, customer commitments, and business continuity.
NEM Marine Insurance helps businesses manage these risks by providing protection against losses that may occur during sea and air transportation.
Twospecialistproductsformaritimebusinesses
Fromthelegallyrequiredminimumtoourflagshipcomprehensivecover,choosetheprotectionthatfitsyourvesselandcargoprofile."
Marine Cargo Insurance
Every import or export shipment that NEM Marine Insurance covers is protected against physical loss or damage arising from insured transit risks, helping protect your cargo investment from origin to destination.
Loss or damage to cargo in sea or air transit
Fire, explosion, theft and piracy subject to policy terms
Weather-related damage and general average contributions
Other insured transit-related risks
Marine Hull & Machinery Insurance
Vessels and related operational assets that move your business across Nigerian and international waters can be covered against accidental damage and maritime operating risks, depending on the hull policy.
Collision
Fire
Grounding
Stranding
Accidental damage
Machinery related losses
MarineInsuranceissuitableforbusinessesinvolvedin:
Import and export activities
Manufacturing and distribution
Freight forwarding and logistics
Shipping and maritime operations
Import and export activities
Manufacturing and distribution
Freight forwarding and logistics
Shipping and maritime operations
WhatDoesMarineInsuranceCover
Dependingonthepolicyselected,covermayinclude:
Loss or damage to cargo
Weather-related damage
Theft and piracy subject to policy terms
Fire and explosion
Damage to vessels and machinery
General average contributions
Collision and grounding
Other insured transit-related risks
Why Businesses Choose NEM Insurance
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Frequently asked questions
Marine Insurance provides protection against loss or damage to cargo, vessels, and other insured interests during transportation and maritime operations.
Yes. Marine Cargo Insurance can be arranged for goods transported by sea or air, depending on your business requirements.
Importers, exporters, logistics providers, manufacturers, shipping companies, vessel owners, and businesses involved in international trade should consider Marine Insurance.
Notify NEM Insurance as soon as possible following a loss and provide the required supporting documentation. Our claims team will guide you through the claims process.