US President Barack Obama is expected to receive a warm welcome in Australia today, but just in case the
reception is wilder than expected a firm has offered him insurance against crocodiles.

Obama will be the fifth president to visit Australia, and his flying two-day visit will take in Canberra as well as the Northern Territory town of Darwin, in the heart of "Crocodile Dundee" country.

Local firm TIO has snapped up the opportunity to insure the high-profile visitor, issuing a him with a crocodile attack insurance policy.

"It's a unique product for a unique environment and we're excited to be issuing one of these policies for Obama as a memento of his time in the Territory," chief executive Richard Harding said.

The company, which has been providing crocodile cover for more than 20 years hopes to present a framed copy of the policy to Obama.