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Batam is not only a renowned industrial and free trade zone, but also one of the largest fishing and seafood hubs in western Indonesia. Strategically located along the international waterways of the Strait of Malacca and Natuna Sea, Batam serves as a key hub for seafood imports and exports to Singapore, Malaysia, Japan, and Europe.<\/span><\/span><\/span><\/p>\n Every week, thousands of tons of fish, shrimp, and processed seafood are shipped from the ports of Kabil, Batu Ampat, and Tanjung Bengkhun. Numerous local and foreign companies have built ice plants, cold storage facilities, and fish processing plants in the region. However, despite these significant opportunities, Batam’s fisheries industry faces significant operational and financial risks.<\/span><\/span><\/span><\/p>\n Maritime storms, ship collisions, refrigeration failures, warehouse fires, and even export losses due to air conditioning failures can cost billions of rupees in a single day. Therefore, marine and industrial insurance plays a vital role in maintaining business stability.<\/span><\/span><\/span><\/p>\n However, many business owners don’t understand the complexities of these risks and often choose the wrong policy type. This is where professional insurance brokers like L&G Insurance Brokers come in. Brokers don’t just sell policies; they analyze marine and onshore risks, design appropriate coverage, and ensure full compensation in the event of an incident.<\/span><\/span><\/span><\/p>\n Contact an L&G Insurance agent today <\/span><\/span><\/b> at <\/span><\/span><\/b>08118507773<\/span><\/b><\/a> for a free consultation before risks disrupt your business.<\/span><\/b><\/span> <\/b><\/b><\/p><\/blockquote>\n <\/p>\n Batam’s fishery encompasses a wide range of operations, from harvesting and processing to cold storage, distribution, and export. Each stage carries specific risks that must be addressed.<\/span><\/span><\/span><\/p>\n 1. Marine risks<\/span><\/span><\/span><\/p>\n <\/p>\n Extreme weather caused damage to buildings and machinery.<\/span><\/span><\/span><\/p>\n 3. Export transportation risks<\/span><\/span><\/span><\/p>\n <\/p>\n 1. <\/span><\/span><\/b>Ship and machinery insurance<\/span><\/span><\/b><\/a><\/p>\n This insurance is designed to protect fishing vessels, offshore transport vessels and refrigerated vessels against the risk of physical damage caused by:<\/span><\/span><\/span><\/p>\n Example Case:<\/span><\/span><\/span><\/p>\n A fishing vessel valued at 10 billion rupiah (approximately US$80 million) suffered engine damage due to seawater intrusion. Repair costs reached 800 million rupiah (approximately US$80 million). Because the vessel was insured under hull and machinery insurance (H&M), all repair costs were covered.<\/span><\/span><\/span><\/p>\n
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\nRisks of Fisheries and Marine Business in Batam<\/span><\/span><\/span><\/h3>\n
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Types of insurance that fishery operators must have<\/span><\/span><\/span><\/h3>\n
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