Agribusiness

Crop

Can offset the loss when weather, pests or disease reduce what a grower harvests or earns from a crop.

Can include weather events, crop pests and disease, lower yields and falling prices

Livestock

Generally reimburses the value of animals lost to death, theft or accidental injury, along with related expenses.

Can include animal death, theft, injury by accident and illness and catastrophe

Index

Can pay when a measured index, such as weather or commodity price, crosses an agreed trigger. Policyholders typically do not need to prove individual loss.

Can include weather-based triggers, price triggers and economic data triggers

Yield

Usually pays when drought, frost or another covered peril pushes output below a level set from historical data.

Can include drought, pest or disease outbreaks and price swings

Farm building

May pay to repair, replace or rebuild farm buildings damaged by fire, storm, theft or vandalism.

Can include fire and smoke damage, damage from storms, theft or malicious damage and cost of rebuilding

Agricultural facility

Typically combines property, liability and lost-income coverage for crop, livestock, dairy, poultry and grain-storage operations.

Can include property, liability exposure, animals and business interruption

Farm vehicle

Can insure tractors, trucks, trailers and other farm vehicles against accident, theft and fire, with liability if a crash injures others.

Can include damaged or lost vehicles, liability exposure, injury to third parties and medical payment benefits

Agricultural product transportation

Often protects produce, livestock and processed food from farm to market against damage, theft, spoilage and liability on the road.

Can include damaged or lost cargo, refrigerated loads, loading operations and hauling liability

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.