BC Fishing Boat Insurance
As a commercial fisherman, you rely on your ability to locate and gather fish. This involves an ongoing balance of profits versus expenditures, and since the potential of a devastating loss is extremely high in the marine market it is vital that you properly insure your operations. When properly run a commercial fishing business can be incredibly profitable, and an adequate fishing boat insurance policy, a properly maintained vessel, and a competent captain is a winning combination to achieve success in this industry.
At Nesika Insurance Services Inc. in Richmond, BC, we understand that no two commercial fishing vessels or captains are the same. For this reason, we customize our commercial marine insurance packages to meet the requirements of all types of the commercial fishing businesses. Call us today at 1-604-448-9196 for your free quote!
Fishing boats are a major investment. The brokers at Nesika Insurance Services want to help you safeguard the vessel that is responsible for sustaining
your livelihood and will match you and your fishing vessel with superior coverage for all that your business entails.
The Risk of Foregoing Commercial Fishing Vessel Insurance
While the commercial fishing industry in Canada represents one of the greatest opportunities to thrive as a professional fisherman, a rapidly growing number of fishing captains are taking the financial risk of foregoing commercial fishing insurance. Unfortunately, many commercial fishing business owners
are deciding to offset the costs of escalating fuel prices and catch limits by canceling their fishing boat insurance, a mistake that could prove financially devastating.
The cost of operating your commercial fishing boat without a proper commercial marine insurance policy in place greatly exceeds the cost of purchasing the
right policy. This is a fact that many fishermen have discovered the difficult way, such as those affected by recent fires that led to the destruction of a
number of uninsured commercial vessels. These fishermen were forced to rebuild their companies from scratch and turn to lenders to buy another boat and new
equipment, instead of having the assurance of their insurance covering these costs.
A Summary of Coverage
The commercial fishing insurance policies from Nesika Insurance Services make certain that you are completely covered in the event of misfortune. We
insure commercial fishing vessels for damages and losses that result from the following:
- A total loss of the vessel or repairs associated with damages to equipment, machinery or vessel hull
- Missing vessels
- At sea perils, such as collision or stranding due to heavy weather; including expenses incurred for salvaging the vessel
- Negligence of Captain or crew
- Liability coverage for damage to other boats as the result of a collision
We offer protection and indemnity that provides valuable liability coverage for the following:
- Illness, injury and death as a result of vessel operation
- Medical expenses associated with the illness, injury or death of a member of the vessel’s crew
- Property damage or loss of people not on board the vessel
- Removal of wreckage
- Penalties and fines
- Investigation and defense costs associated with claims and lawsuits
Additional coverage options that you may want to consider include:
- Breach of Warranty
Electronic equipment coverage
It does not matter if you operate a single seasonal vessel or maintain an entire fleet of commercial fishing boats that thrive throughout the year, you
need a complete and comprehensive commercial fishing vessel insurance policy from a broker that you can trust. With the countless exposures and risks that you
face each day in the course of operating your business, you must ensure you are properly protected.
Of course, you do not want to pay unreasonable premium prices for the commercial fishing boat insurance that you need. You require a policy that will meet the
needs of your fishing business while still falling within the limits of your operating budget.
Commercial fishing is consistently rated as one of the most dangerous occupations in the world and the risk of significant damage remains just as consistent.
However, it is possible for you to manage your risk with an affordable fishing boat insurance policy from Nesika Insurance Services and put your mind at ease. We offer extensive coverage for you, your boat, your equipment, and your crew as a practical solution to
bearing the costs of potential damage to in the event of unanticipated total loss.
Our goal is to assist the commercial fishermen of today in meeting the many challenges that they face by proving a commercial marine insurance policy that
is specific to their unique needs. Tom Amirault was a commercial fisherman for twenty years, is a ticketed engineer, and is one of the leaders in the fishing industry improving safety standards for vessels and crew. He has a unique understanding of your needs and is looking forward to assessing your needs and providing you with a quote for your commercial fishing vessel.
To obtain a free quote all
you have to do is click on the quote request button. You can see how much you could save on your insurance in as little as a day, so submit your no
obligation quote request now.