Marsh Canada’s Fisheries Practice focuses on industry-specific needs allowing us to provide customized client solutions.

As an aquaculture and fisheries client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model around practices dedicated to industry specialization.

The aquaculture and fisheries industry is one of the world’s fastest growing new industries.

By capitalizing on market expansion in areas such as offshore engineering and installations, aquaculture and fisheries are now a sophisticated, capital intensive industry, located throughout the world.

Some countries have the realistic expectation of a five-fold increase in market share against all fish sales within the next three years. With consistent and improving product quality through advanced fish farming techniques and greater health consciousness among consumers, fish is set for a resurgence as a mainstream food in western countries. Fresh farmed fish (e.g. salmon, trout, turbot, sea bass, and bream) provide a consistently high-quality supply on a year-round basis. The immense expansion potential of the aquaculture and fisheries industry has attracted investment from governments, the World Bank, commercial banks, institutions, and private investors. Marsh is firmly established as a major international broker specializing in aquaculture and fisheries insurance.

The Range of Insurance Protection Marsh Can Provide

Assets:

• Fish stock, both onshore, offshore, and in-transit

• Land-based structures and equipment
• Marine-based items (e.g. vessels, craft, pontoons, floats, pens, and all associated equipment)
• Cover for physical loss of damage including mortality of stock
• Insurance arranged on “All-Risks” or “Named Perils” basis with consequential loss cover on selected risks
• Trade credit insurance

Liabilities:

• Fish stock, both onshore, offshore, and in-transit

• Protection for all insurance risks associated with fisheries
• General farm liability protection including employers, public, and product
• Marine liabilities
• Professional indemnity for fish farming consultants and other fisheries experts

Claims Handling and Negotiation Skills

Risk management services are the benchmark in providing proven ways to minimize risks and lower premiums for clients. However, accidents and incidents will always jeopardize the aquaculture and fisheries business. At times like these, you will have the benefit of one of Marsh’s greatest strengths—our claims handling and negotiation skills. Our claims representatives will be there to assist, as part of your overall claims team, in helping achieve appropriate settlement of your insured claims.

Specialist Expertise in Aquaculture and Fisheries

Marsh’s experience as a leading offshore industry broker is proving invaluable to aquaculture and fisheries clients as they invest in larger, and more sophisticated, offshore farms. Whether for offshore or inland operations, Marsh offers a specialized broking service to provide essential protection at favourable premium levels.