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Aquaculture facilities, being based upon biological processes, inevitably
suffer a degree of foreseeable loss. Therefore in order to provide
cover for unforeseen losses only, a predetermined deductible will
be incorporated in respect of each and every loss.
The amount of this will vary depending on the quality of the risk
and the size of premium that the client is prepared to pay. However,
the deductible is applied as a percentage of the value of stock at
risk at the time of loss and not the amount of the loss or the total
sum insured. |
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All
drawings by A.H. Baldwin from The Fishes of Alaska, Evermann,
B.V and E.L. Goldsborough, 1997. |
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