Commercial Boat Insurance in the NS, NB & PEI

If you rely on a commercial boat for your livelihood, you need an insurer you can trust—one who won’t leave you adrift when it comes to coverage or making a claim. AA Munro Insurance understands the unique needs of commercial boat owners across Nova Scotia, New Brunswick, and PEI, providing flexible and reliable protection tailored to your business.

Personal vs Commercial Boat Insurance

While personal boat insurance is designed for recreational boaters, commercial boat insurance is tailored for individuals and businesses that rely on their vessel for income. Understanding the difference is critical to ensuring your boat and business are adequately protected. Commercial boat insurance addresses additional risks and exposures:

• Income protection: Coverage for loss of income if your boat is damaged and cannot be used for business

• Higher liability limits: Increased protection for accidents involving passengers, crew, or other vessels

• Equipment and cargo: Coverage for tools, gear, or products you transport as part of your business

• Specialized risks: Pollution liability, ice damage, and coverage for hired or professional crew

• Broader operational coverage: Policies often extend to inland and coastal waters depending on the nature of the business

A Better Alternative with AA Munro

At AA Munro, we offer flexible, cost-effective coverage designed to meet your needs and budget. Our policies provide peace of mind through features like no deductible on liability, pollution on ice claims, pollution coverage, engine protection, depreciation-free replacement for equipment and automatic coverage for up to 20% of your vessel's insured value for items moved ashore for storage or repair.