Fishery Insurance

Fishery Insurance

This policy compensates fish farmers against loss/mortality of fish due to fire, flood, diseases and collapse of ponds. The cover period depends on the farmer’s farming methods but is usually within six (6) months of production of the fish, from fingerlings to maturity, while the brooding stock/parents are usually for one year and renewable thereafter.

The Sum Insured is the maximum value of the fish at marketable size/maturity and compensation is made based on the age and time of loss subject to the estimated input costs of the fish.