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Insurance

As with any business, owning and operating a sea farm carries certain risks. Maintaining the right type of insurance is critical because it protects business owners from legal, financial, and personal risks. In some case, insurance may even be required by law.

Insurance Questions

Maritime-specific (e.g., Longshoreman’s Act, Jones Act)
Employment (e.g., workers comp, human resources-type, labor standards)
General liability
Property, boat, and auto.

As a relatively new and unique industry to the U.S., the legal requirements for aquaculture businesses are not well defined and change constantly. A qualified attorney will know about changes to the law and help you understand what types of insurance coverage are right for your business.

Insurance Resoures

Visit MAA Maine Aquaculture Risk Management Tools

MAA Maine Aquaculture Risk Management Tools

These risk management tools are designed to help Maine aquaculture producers find new ways to identify and respond to risk on their farms and in their businesses. The tools include information and visuals to help farmers identify risk factors and risk management within each of the five categories of risk as well as aquaculture crop insurance options currently available.
2020
Maine Aquaculture Association
Visit Division of Longshore and Harbor Workers' Compensation Act

Division of Longshore and Harbor Workers' Compensation Act

Frequently Asked Questions to help employees and employers gain a general understanding of the Longshore and Harbor Workers' Compensation Act (LHWCA) and its extension acts.
2020
U.S. Department of Labor
Visit Jones Act

Jones Act

Established in 1920 and revised in 2006, the Jones Act is a federal statute for the United States that provides the laws and regulations for U.S. waters and ports.
2020
Maritime Injury Guide
Visit Aquaculture Risk Management

Aquaculture Risk Management

Aquaculture risk management fact sheet covering the types of risks aquaculturists deal with and how to manage these risks include both insurance and non-insurance options.
2008
Northeastern Regional Aquaculture Center

Insurance

Insurance Questions

What types of insurance might I need?

How do I find out what type of insurance I should have?

Insurance Resoures

MAA Maine Aquaculture Risk Management Tools

Division of Longshore and Harbor Workers' Compensation Act

Jones Act

Aquaculture Risk Management

Questions

Insurance Questions

What types of insurance might I need?

How do I find out what type of insurance I should have?

Insurance Resoures

MAA Maine Aquaculture Risk Management Tools

Division of Longshore and Harbor Workers' Compensation Act

Jones Act

Aquaculture Risk Management

We have more "insurance" resources in our Get Funding page