New Livestock Insurance Could Spare Repercussions of an Unexpected Loss

July 27, 2001

The Hartford Financial Services Group, a major insurer of livestock, has created a new insurance program to target the fast-growing fish farming business. Whether a fish farm is an indoor or outdoor operation, The Hartford now can protect this livestock through its Fishstock Mortality Program.

According to The Hartford, fish farmers can enjoy broad coverage to ensure their operations are protected if fishstock die from weather conditions, diseases or mechanical and electrical breakdowns. The Hartford has introduced a customized insurance policy that partners fish farmers with their local insurance agents to review specific needs.

The basic Fishstock Mortality Program covers fishstock that die as a result of specific causes of loss. Optional coverage can protect a fish farmer when a heating system breaks down, causing water temperature to fall, or when foreign or toxic substances infect the fishstock, all resulting in death of the fishstock. Special coverage includes transportation, fatal fish disease and deoxygenation of the water from the breakdown of an aeration system.

The Hartford has worked with the livestock industry and the independent agents that serve this industry for 85 years. Most recently the company has built on that experience and its relationships with independent agents to develop the industry-leading coverage and top-quality service that the fish farming industry demands. Fish such as tilapia, salmon and striped bass are popular among fish farmers but require knowledge and care to raise successfully.

Topics Profit Loss Agribusiness

Was this article valuable?

Here are more articles you may enjoy.