Commercial fishing vessels are the backbone of Canada’s seafood industry—operating in some of the most challenging marine environments in the world. From Atlantic lobster boats to Pacific trawlers, these vessels face constant exposure to risk, making specialized marine insurance essential.

Key Risks at Sea

Fishing operations involve daily hazards, including:

• Severe weather and rough seas
• Collisions or grounding
• Gear and machinery breakdown
• Fire or fuel-related incidents
• Crew injuries and liability claims

A single incident can interrupt seasons, damage vessels, and impact livelihoods.

What Does Fishing Vessel Insurance Cover?

Coverage is typically customized and may include:

• Hull & machinery protection
• Fishing gear and equipment
• Crew and third-party liability
• Loss of income or business interruption
• Pollution and wreck removal liability

Why It’s Critical in Canada

Canada’s cold waters, ice conditions, and remote fishing zones increase exposure and repair costs. Proper insurance helps ensure compliance, financial stability, and peace of mind—both at sea and in port.

Commercial fishing vessel insurance protects more than boats—it protects livelihoods.

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.