You can run 2 bilges off a single fuse. One fuse is plenty to keep your boat from catching on fire just as well as 2. However, if one bilge fails, that single fuse will fail. Then, your second completely functional bilge will no longer have power. I am running 2 rule 500's off 2 seperate 5amp fuses and one single switch. I've had a single bilge fail, the fuse pop, and rode the rest of the day on my other bilge. If I had a single fuse, I would have had 0 bilges unless I cut the wires to the bad bilge and replaced the fuse, but I had 2 fuses so none of that was necessary. Next time I am going to have a switch for each so in calm conditions I am not running 2 bilges needlessly.
In any case, that's off topic because I think the origional question was about 1 bilge, and someone just randomly introduced 2 bilges. Yes, your diagram is correct. Everyone says having the switch on the negative side will help prevent corosion. Covering the screws on the switch with dielectric grease or silicone, and applying dielectric grease to the seal on your fuse holder will also help prevent corosion.