The risk of shipwreck and death of crew members on fishing ships are higher than that of other modes of transportation and business. Therefore, buying insurance for ships is essential, reducing the burden on fishermen when the risk occurs. According to the Decree 89/2015 / ND-CP on amending and supplementing some articles of the Decree 67/2014 / ND-CP on a number of fisheries development policies, To provide funding for the purchase of insurance for offshore fishing ships, offshore fishing logistic service ships which are crew members, cooperatives of aquatic resource exploitation, fishery unions and have a general general host generators from 90CV or higher as follows:

 “Annual support for hull, equipment and fishing gear insurance on each ship (insurance of all risks) at the rate of:

a) 70% of the cost of insurance for ships with a total main engine capacity of 90 CV or under 400 CV;

b) 90% of the insurance premium for ships with a total main engine capacity of 400 CV or more. "

Although 90% of the premiums are still available to fishermen, many fishermen often ignore insurance. Therefore, many businesses are proposing that the state subsidize 100% of the ship insurance, in exchange for the state can reduce the oil subsidy. Fishing is one of the high risk occupations. In order to encourage fishermen to join the insurance, the State should support 100% of the cost of purchasing insurance to attract fishermen to participate in insurance and protection of fishermen's rights against risks.