Aquaculture & Fishing Insurance

At Insurance Broking Services, we understand the unique challenges faced by commercial fishing operators, aquaculture producers, and seafood processing businesses. This sector operates at the intersection of marine, agricultural, and food production risks — and the insurance program needs to reflect all three. Commercial fishing vessels face the perils of collision, grounding, storm, fire, and sinking, compounded by the physical demands placed on working boats operating in remote and often hazardous waters. Aquaculture operations carry risks that have no real equivalent in other industries: stock mortality from disease, algal bloom, oxygen depletion, or extreme weather can wipe out an entire season’s production in days, and the high value of live stock — pearl oysters, Atlantic salmon, barramundi, prawns — means a single catastrophic mortality event can cause losses running into millions. Gear and equipment loss is a constant exposure for both fishing and aquaculture operators, particularly in cyclone-exposed waters of northern Australia where storm damage to pens, lines, moorings, and vessels can be total. Workers in this industry face some of the highest injury rates of any sector, making workers compensation and personal accident cover essential. Environmental liability and pollution cover are increasingly relevant as regulators scrutinise the impact of aquaculture operations on coastal ecosystems. We leverage our industry knowledge and access to specialist marine and agricultural underwriters to build tailored insurance solutions for your situation, ensuring your vessels, your stock, your equipment, and your people are properly protected on the water and at your facility.