Canova Marine Insurance Inc.

What Canova Marine Insurance Inc. does

Canova Marine Insurance, Inc. is a Florida-based marine insurance agency founded in 2008 and headquartered in Jacksonville Beach, FL. The company specializes in boat and marine insurance for both commercial and pleasure vessels operating in Florida waters, including charter fishing boats, passenger vessels, tow/tug boats, mega yachts, and pleasure craft. Its core product set comprises Hull & Machinery coverage (offered in Agreed Value, Actual Cash Value, All Risk, and Specified Perils variants) and Protection & Indemnity liability coverage, supplemented by Jones Act Coverage, Excess P&I, Oil Pollution Coverage, and the Marine Craftmaster Program. Vessel-specific programs target commercial fishing, passenger vessels, charter/excursion operators, yachts, tugs and barges, and research vessels.

The company operates as an independent insurance agency and broker, earning commissions from A-rated insurance carriers for placing marine insurance policies. Its technology stack is minimal: a Squarespace-hosted website with an online quote request form, supplemented by phone-based sales at 904-233-7661. Pricing is not publicly disclosed and quotes are generated on request based on individual vessel and coverage needs. The recurring nature of insurance renewals produces subscription-style commission revenue.

Go-to-market is sales-led and direct, with customers acquired through phone outreach, online quote requests, and direct website contact. The company employs 1-10 staff and markets itself on 16+ years of specialized Florida marine insurance experience and custom-tailored programs rather than proprietary technology or scale advantages. No parent company, institutional investors, or private equity backing has been disclosed. The operating geography is single-state (Florida, USA) with no global footprint claim.

Name

Canova Marine Insurance Inc.

Legal name

Canova Marine Insurance, Inc.

Website

https://canovainsurance.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Canova Marine Insurance, Inc. is a Florida-based independent marine insurance agency founded in 2008, specializing in Hull & Machinery and Protection & Indemnity coverage for charter fishing boats, passenger vessels, tugs, yachts, and pleasure craft. Earns commissions from A-rated carriers via phone and online quote-driven sales.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH)

akta.pro secondary industries

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA), Yacht & Pleasure Craft Insurance (FSAJAHAI)

Keywords

• Marine insurance
• Boat insurance
• Hull machinery coverage
• Protection indemnity
• Yacht insurance

Headquarters

HQ city

Jacksonville Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Marine Insurance Brokerage: The company acts as an insurance agency/broker, earning commissions from insurance carriers for placing marine insurance policies. They offer custom tailored boat insurance programs and work with highly rated, reputable insurance companies to provide cost-effective premiums.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Canova Marine Insurance is an independent marine insurance agency that designs and places custom-tailored boat insurance programs for commercial and pleasure vessels in Florida. Core coverages include Hull & Machinery and Protection & Indemnity (liability), with additional modules such as Jones Act, Excess P&I, Oil Pollution, and the Marine Craftmaster Program, plus vessel-specific programs for commercial fishing, passenger, charter/excursion, yacht, tug/barge, and research vessels. The agency works with A-rated insurance carriers to deliver coverage and earns commissions on placed policies.

Product overview

Canova Marine Insurance Inc. is a Florida-based marine insurance agency offering a portfolio of specialized boat insurance products. The core offerings include Hull & Machinery coverage (with multiple policy types: Agreed Value, Actual Cash Value, All Risk, and Specified Perils) and Protection & Indemnity liability coverage. These are complemented by supplementary modules including Jones Act Coverage, Excess Protection & Indemnity, Oil Pollution Coverage, and the Marine Craftmaster Program. The company also provides targeted programs for specific vessel categories including Commercial Fishing Vessels, Passenger Vessels, Charter/Excursion Vessels, Yachts, Tugs and Barges, and Research Vessels. The company sources coverage from A-Rated insurance companies and emphasizes custom-tailored programs for charter fishing boats, passenger vessels, tow/tug boats, mega yachts, and pleasure craft.

Differentiator

Problem solved

Functional benefit

Products and services

• Hull & Machinery Coverage Coverage for loss or damage to a vessel's hull, machinery, and fixed equipment against perils such as sinking, stranding, collision, and fire. Includes multiple policy types: Agreed Value (pre-determined fair market value without depreciation), Actual Cash Value (depreciated current value), All Risk (covers any loss unless specifically excluded), and Specified Perils (covers only named losses). Tenders are typically included in primary hull coverage. For owners and operators of marine vessels in Florida.
• Protection & Indemnity (Liability) Coverage The most comprehensive form of marine insurance liability, providing protection against bodily injury, property damage, hired crew claims, third-party compensation for injuries or damages, defense costs, and negligence for unseaworthy vessels. Also covers wreck removal for vessels that sink in navigable waterways. For owners and operators of marine vessels in Florida.
• Jones Act Coverage Marine insurance coverage specifically addressing Jones Act requirements for seamen and maritime workers. For commercial vessel operators in Florida.
• Excess Protection & Indemnity Excess liability coverage that supplements the primary Protection & Indemnity policy for additional protection limits. For marine vessel owners requiring coverage above primary P&I limits.
• Oil Pollution Coverage Coverage for liabilities arising from oil pollution incidents in maritime operations. For commercial vessel operators requiring environmental/pollution liability protection.
• Marine Craftmaster Program Specialized insurance program for marine craft operators providing tailored coverage options. For marine craft operators in Florida.
• Commercial Fishing Vessels Program Customized insurance coverage designed for commercial fishing vessel operators. For owners and operators of commercial fishing vessels in Florida.
• Passenger Vessels Program Insurance coverage tailored for passenger vessel operators. For owners and operators of passenger vessels in Florida.
• Charter/Excursion Vessels Program Insurance coverage designed for charter and excursion vessel operators. For charter and excursion vessel operators in Florida.
• Yachts Program Insurance coverage for yacht owners and operators. For yacht owners in Florida.
• Tugs and Barges Program Specialized insurance program for tugboat and barge operators. For tugboat and barge operators in Florida.
• Research Vessels Program Insurance coverage for research vessel operations. For operators of research vessels in Florida.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Highly Rated Insurance CompaniescoreOthersCanova Marine Insurance partners with highly rated and reputable insurance companies to provide marine insurance coverage. They work with A-rated insurance carriers to ensure policyholders receive the broadest coverage and most cost-effective premiums for their specific needs.

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Direct peers

• Progressive Marine Insurance: Progressive offers boat insurance as part of its personal lines portfolio, competing in the recreational boating segment with online quoting. Comparable as a high-volume marine insurance distributor, though less specialized than Canova in commercial marine lines.
• Bluewater Insurance: Bluewater Insurance is a specialty marine insurance agency focused on yachts, sportfish boats, and commercial marine hull coverage. Directly comparable as a niche marine broker targeting similar vessel segments with tailored programs.
• GEICO Marine Insurance: GEICO Marine sells boat and personal watercraft insurance through a digital-first brokerage model targeting recreational boaters. Directly comparable to Canova's pleasure craft and PWC segments with a similar agency/brokerage model.
• BoatUS (Boat Owners Association of The United States): BoatUS is the largest U.S. boat owner organization offering boat insurance through its own insurance program, directly competing with Canova in the recreational/pleasure craft segment and overlapping in commercial vessel coverage. Both are Florida-accessible marine insurance agencies focused on boat owners with tailored policy options.
• Markel Insurance: Markel is a specialty insurer with a dedicated marine division offering hull, P&I, and yacht coverage. Comparable as a specialty marine underwriter/broker serving similar vessel types including charter, commercial fishing, and yachts across the U.S.
• National Marine Underwriters: National Marine Underwriters is a marine insurance agency providing hull, P&I, and yacht coverage to commercial and pleasure vessel owners. Directly comparable as a specialty marine broker with similar product breadth and customer segments.

Broad incumbents

• Travelers Marine Insurance: Travelers offers ocean marine coverage including hull, cargo, and liability through its marine division. Comparable as a broad incumbent in the marine insurance space with products overlapping Canova's offerings, though distributed through a much larger agent network.
• Chubb Marine Insurance: Chubb operates a marine insurance practice covering yachts, charter vessels, and commercial marine risks. Comparable as a broad incumbent with overlapping marine product set including hull and P&I; serves higher-end and larger commercial accounts than Canova.
• AIG Marine Insurance: AIG's marine division provides hull, P&I, and specialty marine coverages globally. Comparable as a broad incumbent with overlapping specialty marine lines, though at far greater scale and broader geography than Canova.

Emerging players

• Hagerty Marine Insurance: Hagerty has expanded into marine insurance with classic and wooden boat specialty coverage. Comparable as a niche/emerging player focused on a specific vessel segment (classic/collector boats) within the marine brokerage space Canova serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/canova-marine-insurance-inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canova Marine Insurance Inc.