What is Seafood Product Insurance?
Seafood product insurance is a type of insurance that provides coverage for businesses that process, distribute or sell seafood. The policy can provide coverage for the product itself, as well as for any business property that is used in the seafood processing or distribution operation.
What are the benefits of Seafood Product Insurance?
There are several benefits of seafood product insurance. Some of the key benefits include: • Coverage for product that is lost, damaged or stolen • Coverage for business property that is used in the seafood processing or distribution operation • Coverage for spoilage of seafood products • Coverage for business interruption losses
What is the cost of Seafood Product Insurance?
The cost of seafood product insurance varies, depending on the coverage that is selected. Typically, the cost is a few hundred dollars per year.
Why is Seafood Product Insurance needed?
Seafood product insurance is needed to protect businesses that process, distribute or sell seafood. The policy can provide coverage for the product itself, as well as for any business property that is used in the seafood processing or distribution operation. Without insurance, businesses can be at risk for significant losses if something goes wrong with their seafood products.