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Fishing Trawler Insurance

Hull, machinery and crew cover for commercial fishing trawlers operating in SA waters.

Typical size: 18 – 80 metres LOA

About Fishing Trawler Insurance

South Africa's commercial fishing industry is a significant economic sector, centred on the Cape hake trawl fishery (one of the world's most valuable), the Namibian horse mackerel fleet, squid, anchovy and the West Coast rock lobster fishery. Commercial fishing trawlers face unique insurance risks: the combination of heavy working machinery, rough sea conditions off the Cape of Good Hope, crew exposure and the high replacement cost of specialised fishing gear and equipment. Trawler insurance must cover hull and machinery (including fishing gear), crew personal accident, cargo (catch), and third-party liability. SAMSA (South African Maritime Safety Authority) certification is a prerequisite.

Main Operating Areas

Cape of Good Hope hake grounds

Agulhas Bank

West Coast rock lobster zones

South Atlantic squid grounds

Namibian EEZ (bilateral agreements)

Insurance Requirements

Hull & Machinery including fishing gear
Crew personal accident — SAMSA requirements
Employer's liability
Catch insurance (optional but recommended)
P&I for third-party liability
SAMSA Certificate of Fitness

Frequently Asked Questions

Does fishing trawler insurance cover the fishing gear?

Fishing gear is not always included in standard hull policies and may require a specific endorsement. Nets, trawl doors, winches and associated gear represent significant value and should be specifically listed in the policy. Confirm with your broker.

What crew insurance is required for a commercial fishing vessel in South Africa?

SAMSA regulations require adequate provision for crew personal accident and medical evacuation. The minimum requirements depend on vessel class and operating area. Many operators also provide crew repatriation cover and life insurance to attract skilled crew.

Hull & Machinery Cover

Understand hull and machinery insurance

Crew Cover

Personal accident and employer liability

Marine Liability (P&I)

Third-party liability and P&I cover

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