• Aquaculture Proposal Form

  • Please read the FAQs below, as it will help with completing the form.

  • How is the First Loss Limit calculated?
    This is at the discretion of the proposer and represents the limit that is claimable under this policy. If a claim is made then the limit is reduced by the value lost. If desired, a reinstatement premium can be paid to restore the First Loss Limit to the pre-boss level.

    How is the rate calculated?
    The rate is calculated by looking at all the features of the operations as well as the relationship between the first loss limit and the total amount of stock on site. For this reason it is important that an up-to-date stock inventory is supplied.

    What does this policy cover against?
    This policy covers stock mortality caused by one of the perils in the policy document. Please note that this is a 'named perils' policy therefore, in the case of a loss, it will be up to the policyholder to prove that the loss was caused by an insured peril.
    Losses are considered on the production of mortalities.

    What is actually covered?
    The stock is insured as per the indemnity scale in the policy document. This is produced using various pricing models around the UK. Only the species of fish listed are covered under this policy however this, and the indemnity values, can be reviewed on request.

    What isn't covered?
    The two major exclusions under this policy are for losses caused by Intentional Slaughter and for any single fish.
    It is worth emphasising that if a restriction order is imposed on the site the policy will only pay out in the vent of mortality.

    Can I only insured one lake/pond?
    Unfortunately not, the policy will be effective across the site as a whole. This is because it would be difficult to ascertain if a loss had occurred in an insured or uninsured pond. 

    Can I only insure my carp?
    Although the indemnity scale lists a number of species that can be insured under the policy, a single species can be insured if desired.
    In these instances we will still require an inventory of the lakes for risk management purposes, however only the value of the carp will be used in the calculation of the sum insured.

  • If you have any technical questions then please feel free to call Robert Ferguson at Sunderland Marine direct on 0191 232 5221

  • Company Information

  • The checklist and completed proposal form are necessary to correctly evaluate each operation. Failure to submit the information requested may result in delays, the indication of more restrictive terms or a disinclination to cover. Please note that this checklist is not definitive; our risk managers and underwriters may request additional information to help analyse the risk. Likewise you should include any additional information that you feel may be relevant to this submission.

  • Company Information

  • Site Information

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  • Staff

  • Fishery Manager’s Contact Information

  • Lake Details

  • Depth of Lake (m)

  • Stock

    • 2nd Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • 2nd Lake Details 
    • 3rd Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 3rd Lake Details 
    • 4th Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 4th Lake Details 
    • 5th Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 5th Lake Details 
    • 6th Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 6th Lake Details 
    • 7th Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 7th Lake Details 
    • 8th Lake Details (if applicable) 
    • Depth of Lake (m)

    • Stock

    • Close 8th Lake Details 
  • Stock Management

  • Health

  • Monitoring and Mitigation

  • Oxygen Levels:

  • Temperature:

  • Security

  • Risk

    Is the site exposed to any of the following?
  • Loss History

  • If yes, please indicate any losses, irrespective of whether or not it resulted in a claim, noting the site, causation, number and size of fish lost and the settlement, in the last 5 years.

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    • 2nd Loss History Details (if applicable) 
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    • Close 2nd Loss History Details (if applicable) 
    • 3rd Loss History Details (if applicable) 
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    • Close 3rd Loss History Details (if applicable) 
    • 4th Loss History Details (if applicable) 
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    • Close 4th Loss History Details (if applicable) 
    • 5th Loss History Details (if applicable) 
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    • Close 5th Loss History Details (if applicable) 
  • Insurance History

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  • In respect of the property, the subject of this proposal has any insurer:

  • Summary

  • I HEREBY DECLARE THAT THE PARTICULARS AND ANSWERS GIVEN IN THIS PROPOSAL ARE IN EVERY RESPECT TRUE AND CORRECT AND THAT I HAVE NOT WITHHELD OR MISREPRESENTED ANY INFORMATION CALCULATED TO INFLUENCE THE DECISION OF THE COMPANY IN REGARD TO THE UNDERWRITING OF THE RISKS TO WHICH THIS PROPOSAL RELATES.  FAILURE TO DISCLOSE ALL RELEVANT FACTS MAY INVALIDATE YOUR POLICY.

  • INSURERS SHOULD IMMEDIATELY BE ADVISED OF ALL MATERIAL CHANGES OR ALTERATIONS OF THE INFORMATION PROVIDED IN THIS PROPOSAL. A MATERIAL CHANGE IS ONE WHICH WOULD INFLUENCE THE JUDGEMENT OF A PRUDENT INSURER IN SETTING THE TERMS OR PREMIUMS OR DETERMINING WHETHER TO CONTINUE ACCEPTANCE OF THE RISK. FAILURE TO DO SO MAY INVALIDATE YOUR INSURANCE SHOULD WE AGREE TO ENTER INTO AN INSURANCE CONTRACT WITH YOU. 

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  • Contact Permission

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