Marine Business Insurance

Marine Business Insurance

For more info, contact

Matthew Carr


Karen Benell

Account Executive | Broker

All Aboard!

Our marina insurance packages can provide a lifeline for when times are tough. With a Gifford Carr broker in your corner, you can rest assured your marina will be safe when navigating turbulent waters.

Having, and maintaining, the right insurance coverage for your business is a critical component of any business’ risk management strategy. Marine businesses like yours need appropriate coverage to protect against the specific risks associated with your business. This includes fishing operations, cruising tours, boat dealerships, and rentals and storage. Save time and money working with an experienced Gifford Carr broker as your advocate.


At Gifford Carr, we are on your team.

As an independent Ontario brokerage, licensed across Canada with local branches across the province, we work for you. Our brokers work with the top insurance providers in Canada. They help you find the best fit for commercial marine insurance solutions. These solutions are tailored to your specific needs.

Understand your business operations. That’s our first step.

Every marine operation is unique and faces unique risks. We tailor coverage for your business. This will help protect your marinas, yacht clubs, mobile boat repair and rental operations, dealerships, and yacht/boat brokerages.

Ensuring you have peace of mind, so you can focus on building your business. After all, protecting what matters, it’s what we do.

Ship puns aside. Trust Gifford Carr Insurance Group to ensure your marina is in safe harbour. 


  • Builders and manufacturers
  • Boat dealerships and brokerages
  • Docks and lifts
  • Marinas (including those with camping, gas/fuel, retail, and restaurant operations)
  • Marine outfitters and accessory businesses (including; cabinetry, upholstery, plumbing, tarps, covers etc)
  • Mechanical repair facilities
  • Specialty marine operations (including repair and maintenance of fiberglass, aluminum, vintage or wooden boats)
  • Winterization and storage


  • Buildings on the property (and their age/condition)
  • Experience of the operators
  • Fuel exposure
  • Location
  • Number of slips/births
  • Number of boats that can be stored (especially for winterization)
  • Scope of operations
  • Security systems in place
  • Revenue
  • Past claims
  • Proximity to firehall


Do you have experience insuring marine operations?


Our team of experienced commercial brokers have been servicing marine operations for over 30 years. We have locations across Ontario and are licensed across Canada as a nationally accredited brokerage to serve you.

I need insurance for my marina, where do I start?

Let’s connect. 

There are a number of details we need about the scope of your operation to provide a quote. We’ll start with a conversation and then complete an application that we can use to find you the best coverage for your specific business.

What are the types of marine insurance?

No two marina operations are alike, so the coverage required to protect your business will vary depending on your unique needs. There are basically three types of marine-related insurance:

  1. Insurance for marinas; package coverage for slips and launch, fuel, repair operations, and other general operations common for marina businesses.
  2. Commercial vessel insurance; for a company boat (can be anything from a pontoon or fishing boat to wakeboarding or sailboat) to take clients out on tours or excursions.
  3. Personal vessel insurance; is the non-business-related boat coverage for your own vessel. Learn more about personal boat insurance solutions.

Is marine insurance mandatory in Ontario?

The simple answer is no.

Although business insurance is not mandated across Ontario it is very highly recommended for all industries. With marine operations the risks are unique, especially being on waterfront properties and generally having mixed operations with service, fuel, repairs, and retail stores.

If you want to know that your marina is insured, ask for a certificate of insurance. They are a free proof of insurance business owners can request from their insurance broker.

If something happens to a clients boats at my marine facility, am I responsible for it?

It depends. 

You do not have an insurable interest in that property (ie. no ownership, loan, or lien on the vessel) so you cannot insure it.

However, if you are found negligent, then your insurance would respond to a claim through your client’s insurance provider. It’s called a subrogation claim, but we are happy to walk our clients through that process should the need arise.

What is not covered in marine insurance?

No two marinas are alike. All insurance policies are subject to their own terms and conditions. There is no one answer to this question. It depends on terms within the coverage; is it comprehensive or named perils? Are there limitations or exclusions.?

A question best reviewed with an insurance broker. Connect with us to review your marine coverage!

Are you covered for a boat test drive?

Not necessarily. 

You have to add specific coverage for watercraft while on the water – called Protection & Indemnity coverage.

In the most basic terms, this coverage provides protection for the boat and the liabilities associated with it while on the water, even though it is not a watercraft you own but is under your care, custody, and control.

Do marinas need pollution insurance?


Being on waterfront properties marine operations generally have heightened risks for environmental exposures. Generally, if your tanks are newer, double-walled, and have security features installed, pollution coverage is reasonably priced.

Let's put your marina in safe harbour.

Protecting your business, is our business. 

We work for you. With access to all the carriers across Canada rest easy knowing that we are always working in the best interest of you, our client.

Get in touch
Get in touch
Get in touch
Complete the form to connect with your local Gifford Carr broker to get a detailed quote. Trust us to ensure you are protected. So you can focus on what matters.

    What type of insurance are you shopping for? Select all that apply.

        Contact our team
        Contact our team
        Contact our team
        Complete the form to connect with your local Gifford Carr broker to get a detailed quote. Trust us to ensure you are protected. So you can focus on what matters.

          Commercial General Liability

          Commercial General Liability

          An essential for all business operations.

          Commercial General Liability Icon
          Commercial General Liability Icon

          In the event of property damage or bodily harm caused by you, your business or your employees to a third party, a comprehensive Commercial General Liability Insurance policy should protect you from litigation, out-of-court settlements, and judgements awarded by the courts.

          Learn more about Commercial General Liability.

          Commercial Property

          Commercial Property

          A fundamental coverage for the bricks and mortar of your marina.

          business buildings, commercial property insurance icon
          business buildings, commercial property insurance icon

          In broad terms, this coverage protects your buildings, contents and inventory and could include your rental boats.

          Environmental Liability

          Environmental Liability

          Environmental liability insurance is there to provide funds to remediate the site as quickly as possible.

          Since we need fuel to power our boats, as marina’s you store and provide fuel. We need to be extremely careful to protect our environment waterside should a disaster occur. This coverage is in place for that scenario.

          Marina Liability

          Marina Liability

          Liability coverage specific to marina operations.

          marina insurance
          marina insurance

          There are two pieces:

          Marine Liability: covers the legal liability to third parties for property damage or bodily injury including protection and indemnity.

          Marina Customers Liability (Bailee Coverage): provides specialized coverage for damage to boats you do not own but are in their care, custody and control when repairing, servicing, transporting or storing boats.

          Watercraft Liability

          Watercraft Liability

          A marina serves boats (and boaters).

          Your business requires specialized coverage for damage to boats in your care, custody and control when repairing, servicing, transporting or storing boats for your clients.

          Boating Ontario

          Boating Ontario

          We are proud members of the Boating Ontario Association.

          Boating Ontario Logo
          Boating Ontario Logo

          Boating Ontario is an industry association providing regulatory and critical support to our members. Province-wide our over 500 member companies represent marina operators, boat dealers and brokers, and suppliers to Ontario’s diverse recreational boating industry.

          Discover Gifford Carr on the Boating Ontario preferred suppliers list.