Marine Insurance for Owen Sound and Ontario

Why Do You Need Marine Insurance?

Think you don't need boat insurance? Think again. Protect yourself and your investment from additional costs and stress.

Boat insurance will not only protect the valuable investment of your boat from collisions, vandalism and theft, but it will also protect you from the legal costs stemming from your vessel causing bodily injury to another person or damage to someone’s property.

Although marine insurance is not legally required in Ontario, marinas, storage boat facilities and if you finance your boat, the lender will require proof that your vessel is insured.

TG Group’s Marine Expertise

TG Group has maintained all facets of the Marine business, from Bare Boat Charters in The British Virgin Islands to your regular pleasure craft, yacht or fishing boat. Essentially if it floats or performs a function on the water, we will underwrite your business or risk.

By specializing in the Marine business for over 30 years, we have aligned ourselves with many of the world's largest and best marine underwriters. This extensive partnership provides us flexibility, adaptability, and the best possible options for you.

Expertise matters in the realm of marine insurance.

We Have Marine Insurance Policies For

  • dashboard of a nice looking motor boat on the water

    Coverage for Small Pleasure Craft

    Coverage can include damage to the vessel, liability coverage for bodily injury and property damage that may occur while operating the vessel and the cost for a rental if your boat requires repairs.

    We tailor your coverage to meet the unique needs of your boat, whether it's a speedboat, cruiser, sailboat, trawler, or personal watercraft

  • yacht on the water out to sea

    Yacht Insurance

    If you are a yacht owner, it's essential to pay attention to the specific needs you’ll need for proper yacht insurance. This typically covers a range of liabilities such as bodily injury and property damage, hull damage caused by weather, personal property, medical payments, and uninsured boaters.

    TG also makes it easy during the claims process as we’ll speak directly to the insurance company on your behalf.

  • People looking out in a glass bottom boat looking at fish and corral

    Adventure Tourism Watercraft

    Protecting your customers should be a priority when running an adventure tourism business like, glass bottom boats and tours.

    Certain activities on adventure tourism watercraft come with risks, which is why it's crucial to have insurance policies in place, like liability and medical payments coverage to financially protect your business and customers should an injury occur whilst participating in adventures.

  • commercial marine ships and rigs

    Commercial Marine Insurance

    Marine businesses play a critical role in ensuring the timely delivery of goods domestically and internationally. However, operating on the high seas comes with inherent risks, including damage or loss to vessels and machinery, injuries to crew or passengers, damage to cargo, and loss of inventory or stock for boat dealers.

    As experts in commercial marine insurance, we can help you navigate these risks by providing the necessary coverage, including Marine Hull Insurance, Casualty Insurance, Cargo Insurance, Inventory Insurance, and Property Insurance.

  • broken motor being fixed by a male

    Ship Repairs

    Coverage for ship repairs is essential for businesses that perform repairs on boats and other watercraft, as these businesses are exposed to a range of unique risks.

    Repair work can be complex and involve specialized equipment, which increases the likelihood of accidents or errors. Additionally, boats and other watercraft are often valuable assets, and any damage caused during the repair process can result in significant financial losses for the business.

  • shipyard putting yachts and other water vessels together

    Marine Mechanics and Manufacturers

    Like any commercial business in Ontario, if you own a marine mechanics or manufacturing business, you will require similar coverages to protect your operations. This would include commercial general liability to defend your business against claims, commercial property coverage to protect your premises, equipment floater coverage to preserve your tools, and business interruption coverage, to support your income if your business temporarily closes down.

Get a Quote
male talking on the phone in front of a marina with water vessels in the background

We have over 30 years of experience in the marine insurance field. We insure basically all of the Marinas in Northern Ontario. We also specialize in insuring adventure tourism companies such as glass bottom boat tours. Our staff are marine specialists, dedicated to all things watercraft.

info@tg-group.ca

“Such nice people.”

— Ian M