Nautical

Comprehensive insurance solutions for vessels, shipyards, and crews in a growing nautical environment.

At SABSEG, we specialize in providing customized insurance solutions for the nautical sector, ensuring comprehensive protection for vessels, operators, and crews.

The maritime industry has experienced significant global growth, driven by technological advances and an increased demand for modern and efficient vessels. This development requires highly specialized insurance solutions that cover the technical complexities of the sector.

With over 30 years of experience, at SABSEG we offer customized coverage designed for boat owners, shipyards, and crews. Our approach focuses on providing comprehensive protection and expert advice to ensure that every maritime operation is adequately covered. From yachts and megayachts to shipyard operations, we work closely with our clients to protect their investment and ensure a peaceful future in the exciting world of navigation.

Coverages

We offer a wide range of coverage designed to protect owners, vessels, and crews against any unforeseen events in their nautical operations.

Coverage for Hull and Machinery (Hull & Machinery - H&M)

We offer extensive protection against damage to the yacht, which includes hull, machinery, and accessories. By contracting these comprehensive conditions, the economic impact in the event of a claim covered by the policy is minimized. Given the high cost of marine repairs, having insurance that provides indemnities at 100%, without deductions or proportional rules, is essential to keep your vessel in perfect condition without incurring significant losses.

Protection and Indemnity (P&I)

Yachts and megayachts require much broader liability coverage than other vessels. It is crucial that the owners of these types of vessels have coverage that includes liability and legal defense with worldwide scope. Through the most prestigious international clubs, we offer this type of coverage, with limits reaching up to 500 million US dollars, including protection against pollution, worldwide legal coverage, and other vital guarantees for safety at sea.

Crew Welfare

Crew Welfare: We ensure the safety and well-being of the crew through insurance that covers healthcare, as well as providing benefits in case of disability or death. This coverage is essential to protect both the crew and the owners, who must ensure that their team is always protected and supported in any situation.

Builder’s Risk

During the construction of a vessel, shipowners have already made a considerable investment. Through our specialized policies in shipbuilding insurance, we guarantee the protection of that investment. The construction process, sea trials, or renovations involve a high financial risk, so having an appropriate insurance contract during these stages is crucial to avoid significant losses and protect the invested capital.

Occupants' Accident Insurance

We offer coverage for the occupants of the vessel, providing peace of mind for both owners and their guests. This coverage is essential to ensure safety on board, protecting all individuals present on the vessel in case of an accident.