About Proteus Marine Insurance

We focus on commercial marine cargo, carriers load, commercial hull and marine liability risk solutions. Local underwriters provide market leading products and claims services via insurance brokers throughout Australia & New Zealand.

Proteus Marine Insurance is a business name of NM Insurance Pty Ltd ABN 34 100 633 038 AFS Licence Number 227186 (‘NM Insurance’).

NM Insurance is a company within the Steadfast Underwriting Agencies division of Steadfast Group Limited ABN 98 073 659 677 (‘SGL’).

Underwriting Capabilities


Comprehensive coverage for multi-modal cargo suitable for importers, exporters, and local producers/distributors. We provide cover for static risks incidental to transit as well as world to world movements.

  • Cover is available for non-containerised, bulk cargoes, break-bulk, RO/RO, specialist cargo and temperature controlled/perishable cargoes

Preferred business:

  • Importers of consumer and manufactured goods –
    General dry cargo, parts, vehicles, foodstuff, beverages (incl. alcohol products), vessels, cosmetics, temperature-controlled goods, IVF products, bulk goods, clothing/apparel, home-wares
  • Imports and exports of perishable cargo
  • Machinery (new and used) and electronic goods
  • Construction materials, plant & machinery relocation

Considered business (case by case):

  • Seafood, frozen meat, project cargo, pharmaceuticals/vaccines


Cover on a full AD basis, including breakdown and mismanagement of refrigeration machinery and customer consequential loss.  Optional cover for legal defence costs for carriers operating under standard trading terms and conditions.

Preferred business:

  • General freight carriers, line haul, temperature sensitive freight, bulk cargoes
  • Heavy haulage, livestock carriers, mail and parcel contractors

Considered business (case by case):

  • Metropolitan couriers, fresh produce


  • Physical damage to vessels providing in-harbour services, offshore energy support, tourism and passenger charter vessels
  • Plain English policy wording or Institute Clauses including increased value,
  • Ship and boat building risks.

Preferred business:

  • Quality owners and operators working with modern vessels or facilities in a risk managed environment.
  • Australian owned, flagged or managed vessels operating in waters of Australia.

Considered business (case by case):

  • Operating north of the 24th parallel
  • Passenger vessels exceeding 30 passengers


  • Insuring the boat under construction
  • Institute Clauses for Builders Risks
  • Delivery voyages

    Preferred business:

  • Established yards with sound history, JH143 standard yards, steel, aluminium fabrications, timber & fibreglass/GRP constructions

Considered business (case by case):

  • Rebuilds, refurbishments, timber & fibreglass constructions


General liability and products liability

Preferred business:

  • Ship repairers
  • Marina operators
  • Marine trades

Considered business (case by case):

  • Naval contractors
  • Off-shore energy contractors
  • Charterer’s liability
  • Stevedores Liability

Proteus Marine Online Quote Tool

Local expertise coupled with worldwide experience

Click here to access our Client Portal

About NM Insurance

NM Insurance is a leading insurance agency operating across Australia and New Zealand.

We offer, through a number of brands and corporate partners, insurance for leisure products, and the industries that supply to these products including commercial marine insurance

For more information about our services in these regions, please visit www.nminsurance.com.au

For any further information about our organisation, or the insurance we offer, please email us: info@nminsurance.com.au

NM Insurance Pty Ltd (ABN 34 100 633 038 AFSL 227 186) is the legal entity behind the brands Nautilus Marine Insurance (Australia) and NM Insurance (New Zealand).