Agriculture Insurance

This insurance product has been developed to safeguard farmers against a wide array of risks, encompassing both human and physical factors inherent in the demanding agricultural environment. The coverage extends to various types of property typically found on farms, including financial losses incurred due to interruption in farming activities as well as associated liabilities arising from such losses or damages. The coverage includes:

Buildings, warehouses, staff accommodation, offices, production lines, laboratories, and tank farms
Houses, guest accommodation, and tasting rooms
Conference and spa facilities
Shops, delis, and bakeries
Restaurants, coffee shops, and cafés
Stock, contents, and personal belongings
Library items, works of art, historical documents, and manuscripts
Vehicles, vintage collections, agricultural equipment, and machinery
Re-establishment costs for ground preparation, including fertilizers, fungicides, and insecticides
Growing tunnels and similar structures, including contents therein
Irrigation systems and central pivots
Livestock and game
Petting zoo facilities
Paddocks, game fencing, and boundary fences
Golf courses and bowling greens
Property on display or for sale at craft markets, trade shows, exhibitions, and museums

What makes this product unique:

Capacity of up to R1 billion per any one location
Full capacity deployable on any risk without referral or facultative support
Participation on risks as a lead or follow market
Reinsurance program with A-rated reinsurance markets
Advanced risk management solutions offered to avoid underwriting losses at the claims stage
Broadform liability up to R250 million per any one policy
Personal insurance sections can be added to the same policy

Agricultural Property Cover:

This coverage protects against loss or damage to buildings, plant, machinery, office contents, stock, and materials in trade or any other insured property, including loss of rent payable or receivable. Covered perils include:

Fire, explosion, including smoke damage
Lightning and thunderbolt
Earthquake
Storm, wind, water, hail, or snow
Impact by various objects or animals
Malicious damage
Leakage and discharge
Subsidence, landslip, and heave
Charring
Power surge
Theft
Accidental damage

Additionally, cover is provided for loss of or damage to cultivars, growing tunnels, paddocks, game fencing, trellises, and re-establishment costs.

Contamination of Own Milk:

This coverage provides indemnity for direct financial loss incurred due to inhibitory residue exceeding allowable levels in raw milk, including destruction or contamination of milk during transportation.

Business All Risks:

Comprehensive cover for loss or damage to business property worldwide, including loss due to remote jamming, certified liquid nitrogen insemination flasks, or containers.

Goods in Transit:

Protection for property owned or responsible for during transportation by road, rail, domestic flight, or post, including pesticides, herbicides, and fertilizers.

Livestock and Game in Transit:

Coverage for loss or death of livestock or game during transportation, including administration of medication, intentional slaughter, or disposal of carcasses.

Irrigation Systems:

Cover for loss or damage to agriculture center pivots or irrigation systems used in sporting grounds or gardens, including electrical systems and ancillary components.

Leisure Sporting Facilities:

Protection for damage to golf courses or bowling greens, including related features, caused by defined perils.

Livestock Cover:

Indemnity for death of livestock due to accidents, illnesses, defined perils, theft, or during transportation or events.

Game Cover:

Protection for death of game due to specified perils occurring on the premises.

Business Interruption:

Compensation for loss of profit, rental income, or revenue following damage to insured property caused by specified perils.

Accounts Receivable:

Coverage for financial loss due to inability to trace outstanding debit balances.

Theft:

Indemnity for theft or malicious damage to contents, stock, or buildings.

Money:

Comprehensive cover for loss of money used in business, including loss due to extortion, illegal use, or fraudulent transfers.

Contingency Cover:

Protection for money in transit not covered by another insurer or inadequate indemnity.

Glass:

Coverage for loss or damage to internal and external glass and related items.

Fidelity:

Indemnity for financial loss due to employee theft, collusion, or computer fraud.

Motor:

Comprehensive cover for loss or damage to vehicles, including accessories and spare parts, without an excess.

Electronic Equipment:

Protection for loss or damage to portable and non-portable electronic equipment, including data reinstatement costs.

Machinery Breakdown:

Cover for damage to plant, machinery, and ancillary equipment due to specified perils.

Deterioration of Stock:

Protection for loss due to deterioration or contamination of stock in cold storage.

Construction Plant All Risks:

Comprehensive cover for mobile construction plant and equipment, including liability.

Accident Benefits:

Compensation for death or disability resulting from accidents.

Public and Products Liability:

Indemnity for legal liability arising from injury to third parties or damage to their property.

Employee to Employee Liability:

Indemnity for employee liability to another employee for injury.

Employment Practices Liability:

Indemnity for legal liability due to employment-related issues.

Directors and Officers:

Indemnity for legal defense costs for directors or officers.

Personal Legal Liability:

Indemnity for legal liability arising from personal actions anywhere in the world.

Houseowners and Householders:

Coverage for loss or damage to buildings, contents, personal property, and fixtures.

Personal All Risks:

Coverage for loss or damage to personal property worldwide.

Watercraft:

Comprehensive cover for loss or damage to watercraft and liability.

This extensive coverage aims to protect agricultural businesses and farmers against a wide range of risks, providing financial security and peace of mind in the challenging agricultural environment.