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How to Take the Risk Out of Storing

& Transporting Live Lobster.

 

Loading ratios, filters, ammonia, pH, trace elements, ionic balance, dissolved oxygen, humidity, disease, and temperature are just a few of the issues that can cause loss when storing lobster in a pound or transporting them around the world. 

 

If your company is part of the industry average, it produces a Net Profit Before Taxes of about 1%.  Therefore, if a company is doing $35 million of annual sales, it produces a Net Profit Before Taxes of about $350,000.  It is easy to understand that an uninsured loss of $500,000 or even $1,000,000 would severely impact the financial viability of the company.

 

Now, CRC is able to take many of the undesirable, uninsured risks out of live lobster storage and transportation through its newly developed insurance coverage features. 

Here they are.

 

Mortality:  In the pound, in transit, and in temporary storage; losses paid in USD.

 

Freezing:  In transit and in temporary storage

 

Domestic and International Air Transit:  Broadest perils insured (including mortality where appropriate.)  Bonus: Large transportation cost saving can be realized, depending upon transportation methodology.

 

Domestic and International Trucking:  Broadest perils insured

 

Frozen storage:  Broadest perils insured; high limits available

 

Individual Risk Design:  All coverage can be tailored to the specific needs of each risk

 

Cost:  Most competitive in the marketplace.

 

Qualification:  A company must meet the physical inspection qualification and procedural requirements for all aspects of coverage.

 

Claims:  CRC has the most experienced seafood claim managers with no less than 25-years of seafood claim experience.

 

Why Use CRC for Seafood Insurance?

 

č  Over 27-years of specialization in seafood insurance.

 

č  Long client list of the top seafood businesses, country-wide

 

č  Specialized senior staff with extensive seafood industry experience—All with over

        17 years of experience.

 

č  Effective seafood loss recovery services, outside the insurance contract.

 

č  Development of exclusive seafood insurance policy terms to improve coverage and

        to address the specific needs of the seafood industry.

 

č  Broadest “perils insured” for seafood available anywhere; no gaps.

 

č  Best coverage and the best cost.

 

 

Take advantage of this new affordable coverage concept. Contact John Keane at 914-946-7161, Ext.17, for more information.

 

      

 

 

Capitol Risk Concepts, Ltd.  Tel: 212-868-8000 (NYC) or 914-946-7161  Fax: 914-683-8048  E-mail: john.keane@crclimited.com