Before you start...
Before you do anything, go to Mainsail's site at
http://www.marinehowto.com/ and read the "marine wire termination" article. This is about the best "how to make reliable connections in a marine environment" I have ever read. I'm not a fan of soldering, but many are. Seems to take more effort to then water proof the 3-way joint you need. When making the "3-way" connection that allows either the bilge switch or momentary panel switch to power the pump, don't be tempted to try crimping two wires in one end of a butt splice connector and one in the other. The adhesive lined heat shrink won't seal the 2 wire end for one thing. And you obviously need waterproof connections in the bilge.
I ran the wires up into the starboard seat where the water heater is and terminated them with adhesive lined HS ring connectors on a terminal strip. I coated the strip well with dialectic grease to keep this critical connection in good shape. I had to extend a few wire using adhesive lined heat shrink butt splice connectors and have full confidence they would work when submerged in salt water... but you must read Maine's article first. I have not read any tests on if liquid electrical tape would waterproof a three-way solder joint for example. There are 3-way connectors, but none that I would submerge in saltwater, so I went the terminal strip route. Makes changing the pump and switch easy as well. Good thing because I had to change the rule float switch later and the pump after that because the manual control in the panel was a breaker switch and I left it on for a few days once

. I then installed the recommended momentary manual switch/fuse off the breaker.
MS or mitiempo probably have better approaches as they are professional marine electricians.
We sold the boat last month otherwise I would post a photo.
Dan