Aquaculture

At HWS Specialty, our global team has over 30 years’ experience handling and placing Aquaculture Insurance policies for fish farmers around the world. 

Insurance Cover for the Aquaculture Industry 

We offer a comprehensive range of aquaculture insurance solutions, including:

• Onshore farming – feeding and farming of fish in tanks, ponds, and raceways, with various oxygenation methods such as gravity-fed, pump ashore, and recirculation aquaculture systems.
• Offshore farming – farming and/or ranching of fish in cages located in open water, such as lakes, lochs, and the open sea.
• All risks of mortality in transit

Our flexible approach allows us to tailor insurance policies specifically to the needs of your business. Coverage can range from comprehensive all-named perils to specified perils, depending on your requirements. Specified perils include:

• Pollution
• Theft, malicious acts
• Predation or physical damage caused by predators or other aquatic organisms (but not sea lice or other ectoparasites)
• Storm, lightning, flood, tidal wave, collision, sudden and unforeseen structural failure of equipment
• Jellyfish infestation
• Drought, fire, lightning, explosion, earthquake
• Deoxygenation
• Any other change in concentration of the normal chemical constituents of the water, including change in pH or salinity
• Disease
• Mechanical breakdown
• Electrical breakdown

We can also provide coverage for equipment such as cages, feed barges, equipment tows, hull, and working craft. Insurable perils for equipment include:

• Perils of the sea, rivers, lakes, or other navigable waters
• Fire, lightning, explosion
• Theft
• Contact with land conveyance
• Accidents during loading/discharging
• Negligence of repairers
• Malicious acts

Types of Aquaculture Clients

We serve a diverse range of clients in the aquaculture industry, including:

• Onshore and offshore fish farms
• Shellfish farms
• Hatcheries and nurseries