A Division of Swinglehurst Limited

By: Aquarius Insurance Services  05/12/2011
Keywords: Insurance, fish, insurance policy

Aquaculture is split into three broad categories:

  • Onshore farming - constitutes the breeding and farming of fish in land based Containers, Ponds, and Raceways. Water is provided and oxygenated in a number of ways including gravity fed, pump ashore and recirculation aquaculture systems (RAS).
  • Offshore farming - is the farming and/or ranching of fish in cages based in open water such as lakes, lochs and the open sea.
  • Hatcheries and Nurseries - same as onshore farming.

Fishstock Insurance subject to policy terms, conditions and exclusions will pay a loss as a result of the following perils:-

  • Pollution.
  • Theft, predators.
  • Predation or physical damage caused by predators or other aquatic organisms (but not by sea lice or other ectoparasites)
  • Storm, lightning, flooding, tidal wave, collision, sudden and unforeseen structural failure of equipment.
  • Jellyfish Infestation.
  • Drought, fire, lightning, explosion, earthquake.
  • Freezing, supercooling, ice damage.
  • Deoxygenation due to competing biological activity or to changes in the physical or chemical condition of the water, including upwelling and high water temperature.
  • Any other change in concentration of the normal chemical constituents of the water, including change in pH or salinity.
  • Disease.
  • Mechanical breakdown or accidental damage to machinery and other installations.
  • Electrical breakdown, failure or interruption of the electricity supply, electrocution.

In tailoring your insurance policy the range of perils you choose can be a comprehensive 'All named perils' insurance or one or more specific perils dependant on your needs.

Keywords: Aquaculture Systems, Aquatic Organisms, Biological Activity, Chemical Constituents, fish, Insurance, insurance policy,

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