What's the concern? Water causing a short? The motor is no different than your starter. You wouldn't disconnect the starter for water crossings. I don't see any reason to disconnect the winch. I've USED my 8274 completely submerged. Water was up to the bottom of the windshield. Engine flooded. I used the winch to pull the whole truck out from underwater. Worked like a charm.
I wouldn't worry about it. If you need to disconnect, just take the battery cable off.
If you want the lowest cost disconnect, probably go with a cable plug. Like these:
I've bought them for about $10 each, can't remember website now. Search for them. Don't pay $50 a set at your car parts store. Then solder them on to your wires. I have them for the winch on my 4runner that is a hitch mount. Works well. Super easy to disconnect if you want to do that. One other nice thing is to set up jumper cables to plug in to the same connection. Now I don't even have to open the hood to jump a car or get a jump myself. I could also use the plug for other stuff like running 12v power tools etc. (I don't but I've seen them modified to use a cord to a car battery and it seemed like a nice idea for trail work - I only have this set up on my daily driver 4runner and don't really need them with that car).