Under the direction of the Agricultural Risk Protection Act of 2000, the U.S. Congress proposed a crop insurance program for the Bristol Bay, Alaska, commercial salmon fishery. This study examines the feasibility of extending crop insurance to this commercial fishery. The specific focus of this analysis is on differences between this commercial capture fishery and agricultural enterprises in the context of property rights and producer control. Findings show that differences between this commercial fishery and agricultural enterprises would require substantial modifications to existing crop insurance programs. Furthermore, it is recommended that the consideration of extending crop insurance be delayed until this fishery is rationalized.