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Batam is not only known as an industrial and free trade zone, but also as one of the largest centers of the fisheries and seafood industry in western Indonesia. Strategically located along the international shipping lanes of the Strait of Malacca and the Natuna Sea, Batam serves as a major hub for seafood imports and exports to Singapore, Malaysia, Japan, and Europe.<\/span><\/p>\n From the ports of Kabil, Batu Ampar, and Tanjung Uncang, thousands of tons of fish, shrimp, and processed seafood are shipped weekly. Numerous local and foreign companies have built ice factories, cold storage facilities, and fish processing units in the area. However, despite these significant opportunities, Batam’s fisheries industry faces significant operational and financial risks.<\/span><\/p>\n Sea storms, ship collisions, refrigeration failures, warehouse fires, and even export damage due to refrigeration failures can all cause billions of rupiah in losses in a single day. This is where marine and industrial insurance plays a crucial role in maintaining business stability.<\/span><\/p>\n However, many business owners don’t understand the complexity of these risks and often choose the wrong policy type. Therefore, the role of a professional insurance broker like L&G Insurance Broker is vital. Brokers don’t just sell policies; they analyze maritime and land risks, design appropriate coverage, and ensure claims are fully paid when incidents occur.<\/span><\/p>\n Contact L&G Insurance Broker now at<\/b> Phone number<\/b> 08118507773<\/b><\/a> for a free consultation before the risks haunt your business.<\/b><\/p>\n <\/p>\n The fishing industry in Batam encompasses a wide range of activities\u2014from fishing and processing to cold storage, to distribution and export. Each stage carries specific risks that cannot be ignored.<\/span><\/p>\n <\/p>\n Damage to buildings and machinery due to extreme weather.<\/span><\/p>\n <\/p>\n This insurance is designed to protect fishing vessels, marine transport vessels and refrigerated vessels from the risk of physical damage due to:<\/span><\/p>\n Sample case:<\/span><\/p>\n A fishing vessel worth Rp 10 billion (approximately US$80 million) suffered engine damage due to saltwater ingress. Repairs cost Rp 800 million (approximately US$80 million). Because the vessel was covered by a Hull & Machinery (H&M) policy, the entire repair cost was covered by insurance.<\/span><\/p>\n This policy guarantees goods (catch, frozen fish, or processed products) during the shipping process by sea, land, or air.<\/span><\/p>\n Bearing the risk:<\/span><\/p>\n Example:<\/span><\/p>\n An export company in Batam shipped 15 tons of tuna to Japan. During transit in Singapore, the container’s cooling system failed, causing temperatures to rise. As a result, some of the cargo was damaged. With Marine Cargo Insurance, the exporter received full compensation based on the invoice value of the goods.<\/span><\/p>\nRisks in Batam’s Fisheries and Marine Industry Business<\/span><\/h3>\n
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Types of Insurance that Fisheries Business Actors Must Have<\/span><\/h3>\n
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