Accident Compensation Insurance for Fishing Vessels and Crew
Suhyup operates this insurance after being entrusted by the government in accordance with the 「Fishing Crew and Fishing Vessel Accident Compensation Insurance Act」. This provides prompt and fair accident compensation to fishermen and fishing vessel owners who experience accidents.
Fishing crew insurance
Provides compensation for accidents including personal injury, disease, and death suffered in the line of fishing duty. This insurance covers the damage compensation liability (Seafarers Act) that the fishing vessel owner is responsible for, such as medical care, sickness care, and bereavement benefits, when the crew suffers an injury, disease, physical disability, or death during work.
Fishing vessel insurance
This insurance compensates fishing vessels that are stranded, submerged, damaged by fire, or other damage at sea.
Aquaculture Insurance
Suhyup operates this insurance after being entrusted by the government in accordance with the 「 Agricultural Accident Insurance Act 」. This compensates for damage to aquaculture products and facilities due to natural disasters
Aquaculture
It compensates for death, damage, and loss of aquaculture caused by natural disasters such as typhoons (strong winds), tidal waves, wind storms, red tides, heavy rains, floods, heavy snow, sea ice, and other abnormal currents.
Aquaculture facility
It compensates for damage and loss of aquaculture facilities caused by natural disasters such as typhoons (strong winds), tidal waves, wind storms, red tides, heavy rains, floods, heavy snow, sea ice, and other abnormal currents.
Fisherman Safety Insurance
Suhyup operates this insurance after being entrusted by the government in accordance with the 「 Act on the Prevention of Safety Insurance and Safety Disasters for Farmers and Fishermen」 (Enforced on January 1, 2016). This insurance compensates for injuries, diseases, disability, and death caused by fishing activities. Fisherman Safety Insurance is for fishermen not covered by Fishing Crew Insurance or Industrial Accident Insurance. This was launched for fishing village welfare that covers the blind spots of other insurances.