Commercial insurance for marine businesses
Marine businesses face a distinct set of risks, from vessel damage and cargo loss to crew safety and operational disruptions. Commercial marine insurance helps protect your business with coverage designed around your vessels, services, routes, and day-to-day exposures, giving you greater peace of mind on the water and financial support when unexpected events occur.
Insurance to help you stay on track
Navigate marine risk with confidence
Navacord is a leading Canadian insurance brokerage network with access to specialized marine insurance expertise across the country. Whether your organization operates commercial vessels, manages marine cargo, supports port and harbour operations, or provides logistics services, our advisors can help.
Anchored in expertise
Helping businesses chart the right course for customized insurance
Selecting the right combination of coverages is essential for protecting your marine operations. Working with a Navacord advisor can help ensure your policy reflects your business activities, contractual obligations and regulatory considerations, so you can focus on operating with greater confidence across Canadian waters and supply chains. With national reach and local insight, Navacord helps marine businesses protect their assets, people, cargo, and continuity with tailored insurance solutions.
Who we help
Our commercial marine insurance brokers bring years of experience in the marine industry and understand the unique risks and potential losses you may face.
Marinas, commercial fishing operations, yacht clubs, tour operators and pilotage providers can benefit from coverage built around vessel-based work.
Port, harbour and dock teams need coordinated coverage for logistics, dock supervision, vessel scheduling and day-to-day marine activity.
Marine cargo, shipping and logistics businesses need protection for cargo movement, transportation management, dispatch and distribution planning.
Fleet managers, logistics directors, supply chain leaders, procurement managers and shipping teams need support for moving goods, vessels and equipment.
Import/export managers, freight forwarders, customs brokers and trade professionals need coverage for moving cargo across borders and supply chains.
Marine surveyors, environmental consultants, safety inspectors, adjusters, technicians and risk managers help marine operations run safely and responsibly.
Our marine industry expertise
We offer commercial marine insurance to many different business areas such as:
Coverage can support businesses that operate vessels for transportation, tourism, recreation, fishing or other commercial marine activities.
Insurance can help protect organizations involved in environmental response, consulting, remediation or services connected to marine ecosystems and waterways.
Coverage can help protect goods in transit and support businesses responsible for moving cargo across water, land, air or multimodal supply chains.
Insurance solutions can be structured around the risks involved in managing vessel fleets, transportation schedules, equipment, crews and operational continuity.
Coverage can support freight brokers who coordinate shipments, manage carrier relationships and help clients move goods efficiently through complex transportation networks.
Insurance can help protect freight forwarders responsible for arranging international or domestic shipments, documentation, routing and logistics coordination.
Protect your business from bow to stern
Specific commercial marine insurance coverages
Marine operations can involve a wide range of exposures, from vessel damage and cargo loss to liability claims, environmental incidents, and business interruptions. Commercial marine insurance helps protect your organization with coverage tailored to how you operate, where you operate, and the risks that may affect your vessels, people, cargo, and supply chain.
Hull Coverage
Helps protect the physical structure of your vessel, along with equipment that is permanently or temporarily attached. Depending on the policy, hull coverage may respond to losses caused by events such as collision, fire, severe weather, theft, piracy, or other insured perils, and may be arranged on a replacement cost or actual cash value basis.
Marine Liability Insurance
Also known as protection and indemnity coverage, this insurance helps protect your business against third-party claims involving bodily injury, property damage, or related legal costs connected to your marine operations.
Marine Cargo Insurance
Offers protection on goods while they are in transit by water, land, air, or a combination of transport methods. Coverage can support your business when cargo is damaged, lost, or delayed during the shipping journey.
Pollution Liability Coverage
Provides support for certain costs associated with accidental pollution events, which may include cleanup expenses, regulatory fines, environmental response costs, and wreck removal when covered by the policy.
- Business Interruption Insurance
Business Interruption Insurance
Helps replace lost income and cover eligible ongoing expenses when a covered loss prevents your vessel or marine operation from functioning as planned.
Equipment Breakdown and Mechanical Failure
Covers repair or replacement costs when essential onboard equipment, machinery, or systems fail due to covered mechanical or electrical breakdowns.
- Cyber Liability Insurance
Cyber Liability Insurance
Protects marine and logistics businesses from losses related to cyber incidents, such as data breaches, ransomware attacks, system outages, or technology failures that can disrupt operations.
- Errors and Omissions Insurance
Errors and Omissions Insurance
Supports businesses such as freight forwarders, customs brokers, importers, exporters, and logistics providers when claims arise from professional services, documentation issues, missed instructions, or alleged errors in advice or execution.
Personal Accident and Crew Medical Insurance
Provides medical benefits or financial support for crew members or passengers who experience accidental injury, illness, or death while connected to insured marine activities.
Explore broader business protection
If your needs go beyond marine insurance, Navacord offers a full range of business insurance solutions designed to support your operations, risks, and long‑term goals.
