This is a special type of insurance for seafood producers. It basically addresses 4 types of coverage:

  • Property insurance for producers and their respective facilities.
  • Insurance coverage for fishing nets located within the ocean.
  • Coverage for fishing mortality.
  • Coverage for vessels used for the provision of nets installed within the ocean.

The basic information necessary to provide a quotation for this type of insurance is:

  • Risk report, this requirement could be delayed to be delivered after a firm order, however its availability can improve the terms and conditions offered.
  • Breakdown of insured sums.
  • Location of insured items.
  • Line of business.
  • Target premium.
  • Loss rate for the last 5 years.

Contact and suggestions

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