You are talking about splashing, not a lot of pressure. I run in salt water so use non-corrosive materials at all times. Buy a plastic electrical box cover. They make them with holes for switches and outlets but also as solid blanks. Cut it in half and sand the back side. Glue one half on each side of the keel well with silicone calk/adhesive. That should solve your problem.
I'd also suggest you look at the front edge of your keel well when she is on the trailor. What you have sounds like what I've seen after the keel broke a hole in the front of the keel well.