A.I.R
Insure
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CROP COVER
Crop Insurance Cover is designed to protect farmers against the financial impact of reduced yields or loss of crops due to natural, environmental, and biological risks. Given the inherent uncertainty of agricultural production, this cover provides essential protection to stabilise income and support the long-term sustainability of farming operations. By addressing key production risks, crop insurance enables farmers to plan with greater confidence and resilience.
What Is Covered
This Policy provides indemnity for reduction in crop yield or revenue arising from defined perils, including climatic events, biological risks, and other insured causes, as specified in the policy schedule and subject to stated terms and conditions.
Yield Protection
This section provides cover against a reduction in crop yield due to insured perils such as drought, excessive rainfall, hail, frost, pests, and disease. Cover is typically based on historical production levels, ensuring that farmers receive compensation when actual yields fall below expected thresholds.
Revenue Protection
Revenue cover extends protection beyond yield loss by incorporating fluctuations in market prices. This ensures that farmers are protected against both lower production and declining commodity prices, providing a more comprehensive financial safeguard for commercial farming operations.
Key Covered Risks
The policy is designed to address the primary risks affecting crop production, including:
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Drought and insufficient rainfall
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Flooding and excessive moisture
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Hail and storm damage
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Frost and extreme temperature events
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Pest infestations and plant disease
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Fire and accidental damage
Key Benefits
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Income Stability: Protects against fluctuations in yield and market conditions
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Improved Planning: Enables better financial forecasting and investment decisions
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Flexible Cover Options: Tailored to specific crops, regions, and farming methods
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Resilience Against Climate Risk: Provides support in increasingly volatile weather conditions
Who This Cover Is For
This product is suitable for:
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Commercial crop farmers
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Grain and cereal producers
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Fruit and horticultural farms
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Mixed farming operations
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Agri-businesses involved in primary crop production
Underwriting Considerations
Each policy is structured based on a detailed assessment of:
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Crop type and production cycle
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Historical yield performance
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Geographic location and climate exposure
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Soil quality and irrigation practices
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Farm management and input usage
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Exposure to regional or systemic risks