Protect your seafood distribution business with industry-specific insurance solutions from McSweeney & Ricci
Fishing and other forms of aquaculture have played an essential role in the Massachusetts economy for centuries and continue to grow. In fact, the estimated ex-vessel value of seafood landed in The Commonwealth jumped from $600 million in 2020 to $800 million in 2021 alone, according to a recent Massachusetts Division of Marine Fisheries report.
McSweeney & Ricci helps local businesses in the industry effectively manage their risk with insurance for seafood distributors in Massachusetts so they can focus on seizing the opportunities presented by our region’s flourishing market. When you partner with us, you can expect strong coverage, exceptional value and concierge-level customer service.
Since 1964, the Massachusetts’ business community has relied on our team to safeguard their operations with personalized insurance for seafood distributors in Massachusetts. Call (844) 501-1359 to begin exploring options with a member of our Commercial Insurance Division today.
Request a Quote
Fill out the information below and we will be in touch shortly.
Custom insurance for Seafood Distributors in Massachusetts
Seafood distributors and all other businesses in Massachusetts are required to have certain insurance coverages. For example, workers’ compensation coverage is compulsory for any company with employees. Your fleet of trucks, vans and other ground delivery equipment will need commercial auto insurance to stay street legal as well. If fishing vessels, barges and other watercraft are part of your operation, you must also have commercial marine insurance. Additionally, securing commercial property insurance is likely to be included as a stipulation in the leasing agreements for your warehouses, processing centers and other facilities.
Though these required forms of insurance are important, the minimum levels of coverage set by the State often prove insufficient when claims occur. Bare bones policies can leave you with financially devastating out-of-pocket expenses — even if your accident is partially covered. Our experienced agents can recommend the proper levels of protection for your unique circumstances.
A few of the options that we suggest our seafood distributor clients consider are outlined below.
- Spoilage – Storing a significant inventory of frozen, refrigerated and fresh fish is an essential aspect of your business. Spoilage protection can be added as an endorsement to your Business Owner’s Policy and can provide financial resources for stock compromised by rot as well as contamination, power outage and equipment failure.
- Cargo Insurance (Refrigerator Breakdown) – Protect your business from losses that occur while in transit with cargo insurance. In addition to product loss due to road accidents, this powerful option also provides coverage for stock that is damaged due to malfunctioning mobile refrigeration units.
- Business Personal Property – We typically include business personal property as part of a Business Owner’s Policy (BOP). This option covers damage caused by perils such as fire and theft to your building and equipment, as well as resulting loss of income. Add off-premises coverage for even more protection.
- Business Extra Income Expense (Business Interruption) – If fire, flood or other covered events force you temporarily cease operations, business personal property insurance can provide funds for lost income as well as rent, payroll and other critical expenditures.
Partner with McSweeney & Ricci for access to flexible coverage suited to your unique business needs. Call (844) 501-1359 or request a quote for Insurance for Seafood Distributors in Massachusetts here on our website.