Life on the coast of Atlantic Canada means access to busy ports and marine industries, such as fishing, shipping, operating cruises, and other similar businesses. For business owners in this industry, a reliable boat is key to staying afloat in the open water. So how do you steer your business to sail through clear waters and dock safely?
Commercial marine insurance is designed for business owners whose business is on the water. This comprehensive coverage protects your boat and mode of business from the unpredictable tide, seasonal events, and accidents out in the open sea. With the right coverage, you’re guaranteed a safe voyage — and reliable financial coverage to secure your commercial marine activities.
Unlike watercraft enthusiasts and yacht or sailboat owners, your boat represents much more than leisure and weekend cruises. A successful fishing, cruise, or shipping operation requires a competent captain, a well-maintained vessel, and the right commercial insurance plan.
Commercial marine insurance secures profits from fishing, operating cruises, shipping, and other similar activities. It provides your business with resources to recover from property damage and the cost of legal fees and settlements from liability claims. This comprehensive coverage helps you resume normal operations on the high seas after an otherwise devastating equipment and machinery breakdown, capsizing accident, or total loss at sea.
Depending on the size or nature of your commercial marine operations, you may also want to consider additional insurance coverage to ensure adequate financial coverage:
At Archway Insurance, we know that a reliable vessel is a lifeline for many Atlantic Canadian residents. Whether it’s fishing, operating a cruise, or shipping, marine businesses like yours require adequate financial cover to secure your vessel and income from disasters at sea. That’s why our brokers work with top Canadian providers to equip you with comprehensive commercial marine insurance and tailor coverage options to your requirements. Whether you operate a single vessel or an entire fleet, trust our brokers to wish you a safe voyage and protect your livelihood from damage and liabilities.
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