Aquaculture insurance
Catlin Group is an acknowledged London market leader for Aquaculture insurance.
Our philosophy of comprehensive attention to detail prior to risk acceptance means we aim to act as partners in risk management to our client base rather than just capacity providers. We have found that this approach reduces the occurrence of relationship-damaging disputed claims scenarios and our reputation for fair and prompt claims settlement is accordingly unrivalled.
Aquaculture insurance is of increasing importance in Asia Pacific due to the rapid growth of fish farming and a risk profile that is constantly evolving due to climate change, farming of new species and technological development.
We provide solutions tailored for offshore and onshore farms, growout operations and hatcheries for finfish, crustacea and shellfish.
Coverage
We cover stock mortality for the following perils:
- pollution
- theft
- predation
- storm, lightning, tidal wave, collision, structural failure
- of equipment
- freezing, supercooling
- deoxygenation of water
- other changes in chemical constituency of water,
- including salinity
- disease
- drought, fire, lightning, explosion, earthquake*
- mechanical breakdown*
- electrical breakdown.*
*Onshore establishments
Associated Equipment Coverages
We also now offer coverage for equipment associated with offshore farms:
- boats
- moorings
- cages
- feed barges.
