Aquaculture insurance
Specialized protection for aquaculture
Aquaculture insurance is specifically designed to mitigate the risks associated with the breeding and production of aquatic organisms.
This insurance covers both marine aquaculture (Tuna, Snapper, Sea Bass, Bream, Sole, Bass, Turbot, and Abalone), as well as continental aquaculture (Trout and Sturgeon) and marine aquaculture for mussels (Galician Mussel, Ebro Delta Mussel, Andalusian Mussel, and Valencian Clam).
Aquaculture insurances offer a comprehensive solution for producers facing various adversities in the cultivation and breeding of aquatic organisms. With a wide range of coverage, they ensure business continuity and the protection of investments made.
Highlights
Broad Coverage
Protection against climate risks, diseases, and other unforeseen events that affect aquaculture production.
Quick Recovery
It facilitates stock recovery and facility repairs after a disaster.
Reputation Improvement
It increases confidence and image with suppliers and customers.
Adaptability
It adapts to the specific needs of each aquaculture producer, providing customized solutions.
Coverages
- Hurricane-force winds and other weather adversities.
- Lightning, fire, or explosion.
- Chemical pollution.
- Blooms or proliferation of microorganisms.
- Lack of water supply.
- Waste disposal costs in a compensable incident.
- Expenses for the prevention of an imminent loss of inventory due to a guaranteed disaster.
- Tidal damage.
- Damage from impacts of vessels and drifting objects.
- Diseases.
Aquaculture insurance
How can we help you?
Contact your specialists for Aquaculture insurance
Frequently asked questions
How can I subscribe to an insurance policy?
As a specialized mediator, we will inform you about the different coverages and modules, as well as the contracting deadlines. The coverages of your policy will be identical, regardless of the insurance entity with which you subscribe to the insurance.
What type of risks are insured?
The Spanish system of Combined Agricultural Insurance offers coverage against damage caused to productions by unpredictable, uncontrollable risks with catastrophic consequences. Among them are expenses due to death or loss, including the total loss of the commercial value of stocks at the time of a disaster. A ministerial order develops each insurance line annually and establishes the modules and coverages available to aquaculturists.
When is the payment received after a claim?
Once the appraisal report is generated (based on the appraisal documents), the payment of the indemnity will proceed within the deadlines reflected in the general conditions of agricultural insurance, notifying the insured of the payment.
What types of aquatic organisms are eligible for aquaculture insurance coverage?
Aquaculture insurance coverage may include a variety of aquatic organisms, such as marine aquaculture (Tuna, Bream, Croaker, Gilt-head bream, Sole, Bass, Turbot, and Abalone), continental aquaculture (Trout and Sturgeon) and marine aquaculture for mussels (Galician mussel, Ebro Delta mussel, Andalusian mussel, and Valencian clam).