Aquaculture insurance is an important element of an aquaculture business’s risk management strategy. Catlin Australia offers a flexible aquaculture product that reflects the rapid growth of fish farming globally and a risk profile that is constantly evolving due to climate change, farming of new species and technological development.
Catlin Australia provides solutions tailored for offshore and onshore farms, growout operations and hatcheries for finfish, crustacea and shellfish.
Aquaculture policy coverage
We offer stock mortality coverage for a wide range of perils, including:
- storm, lightning, tidal wave, collision, structural failure of equipment
- freezing & supercooling
- deoxygenation of water
- other changes in chemical constituency of water including salinity
- drought, fire, lightning, explosion, earthquake*
- mechanical breakdown*
- electrical breakdown*
Associated Equipment Coverages
We can also cover boats, moorings, cages & feed barges.
Expertise in Aquaculture
The Catlin Aquaculture underwriters are acknowledged leaders in their field. Underwriters have been heavily involved in the development of market wordings and bespoke coverage solutions in this niche area during the rapid development of the aquaculture industry.
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.
In 2008 Catlin has increased its commitment to the class both in terms of capacity and staffing and is backed up by the technical, analytical and legal functions of the Group.