Insurance Commercial insurance Commercial marine insurance

Commercial marine insurance

insurance that’s plain sailing
With coverage designed for the realities of doing business in Bermuda’s waters, Allshores keeps your vessels and operations on course — no matter what the seas bring.
Get a quote Make a claim
Placeholder

Allshores keeps Bermuda businesses afloat

Doing business on the water comes with unique risks. Whether you manage a fleet of charter boats, operate a cargo vessel, or run a small fishing business, we’ve got you covered. As Bermuda’s leading marine insurance provider, Allshores insures all kinds of commercial vessels, including:

Commercial vessels we cover

  • Fishing boats
  • Glass-bottom sightseeing boats
  • Work barges
  • Rental vessels and private charters
  • Mooring repair boats
  • Ferries

Commercial marine insurance

Who needs commercial marine insurance?

If any part of your business takes place on the water, you need commercial marine insurance to protect you against the financial impact of unexpected events — from storm damage and collisions to theft or liability claims. Not only can it protect you from unexpected expenses, but in Bermuda, passenger liability insurance is required by law for commercial operators whose vessels carry passengers or operate for hire. 

Placeholder

Coverage you can count on

We offer three flexible coverage options for commercial marine operators, so you can tailor your policy to suit your business needs.

Comprehensive commercial marine insurance 

Placeholder
An all-in-one policy that includes coverage for damage to your vessel from a variety of risks, including collision, sinking, fire, theft, and severe weather, as well as third-party liability.

Best for businesses with newer or higher-value vessels that require coverage for a broad range of risks.

Passenger liability insurance

Placeholder
Covers legal liability in case your business is responsible for an injury, death, or illness of a passenger. Available as an add-on to your comprehensive policy or as a standalone coverage.

Required for vessels carrying passengers on Bermuda’s waters. As a standalone coverage, best for businesses that carry passengers but don’t require coverage for damage to their vessel.

Similar vessel coverage

Placeholder
An add-on for your commercial marine policy that covers your business’s legal liability when you’re operating a vessel similar to your insured vessel.

Best for businesses that rely heavily on marine vessels for their daily operations and occasionally need to use alternate vessels.

Commercial marine insurance

Get a quote or renew your policy
As we build new commercial marine insurance products under the Allshores name, you can still renew your existing policy or speak with our team about coverage options. We’re here to make sure your business stays protected every step of the way.
Get a quote Renew your policy
Placeholder

Want to pay in instalments?

With Allshores, you can choose to pay your commercial marine insurance premium in monthly, quarterly, or semi‑annual instalments. You’ll have more control over your cash flow while keeping your business protected.

Contact us to learn more or change your payment plan.

Frequently asked questions

With commercial marine insurance, your business vessels can be covered for damage caused by a range of risks, including:

  • Accidental grounding
  • Collision
  • Severe weather
  • Fire
  • Theft
  • Sinking

Coverage can also include the cost of inspecting the vessel's hull after stranding and salvage costs following a sinking.

Standard deductibles apply for certain types of damage, such as weather-related losses, sinking, and grounding. Deductibles are typically higher during named storms.

Vessels 20 years or older require a professional marine survey to help determine the appropriate level of coverage you will need in your commercial marine insurance policy.