Agri-food

Civil Liability coverage protects you from property damage or bodily injury that you may involuntarily cause to a third party or to one of your clients, anywhere your activities take place. As a result, this coverage is necessary in order to protect your business in the event of a lawsuit or claim attributable to your operations, your places of business or your operations. It is important to properly assess the chosen limit in relation to the actual risk because the consequences could be catastrophic for the survival of your company.

The Umbrella coverage offers you an excess liability insurance. By opting for this added protection, you extend the limits of your underlying policy.

Adding the executive risks coverage, also known as “D&O”, allows your company’s directors and officers to be covered. These directors and officers carry the responsibility of acting in the best interest of the company. Whether you are the member of a board or run a company, you could be held personally liable of any wrongful act in the management of a company. This insurance also covers defence costs in the event of allegations or legal action brought against members of a board or business executives.

Since the building is covered under the basic insurance contract, immovable property is covered (namely the walls, floors and windows, but also the cupboards and counters of your company against fire, theft, vandalism and more).

Are insured:
– the plant and production facilities;
– the lighting, ventilation, air-conditioning and heating systems

The goods and products that you produce, handle or distribute are also covered, or any goods and products that are in your name. This insurance also covers all input products acquired externally to run your farm business, such as livestock, cereal, fruits and vegetables, dairy products, etc.

By adding this coverage to your standard insurance policy will cover damage caused by water to your business.

Your two coverage options are:
– Sewer back-up endorsement: this insurance covers sewer back-up as well as sump pump leakage.
-Flood endorsement: you are covered in the event of a body of water overflowing onto the premises.

This coverage protects you against any damage that may occur to your production plant in the event of an earthquake. Ground movement is excluded from the standard agri-food insurance policy.

The machinery used for your business operations will be covered in the event of a fire, lighting or as a result of explosion of natural gas, coal or manufactured gas.

Are insured:
– Soil grinders
– Packaging machines
– Extruders
– Cutting and food processing system
– Production lines
– Pullers
– Stirring systems
– Mixers
– Etc.

Equipment insurance covers everything that allows your agri-food company to operate.

Are insured:
– Fixed material and structures;
– Furniture and supplies;
– Motorized equipment and machinery exclusively used inside the building;
– Computers and electronic equipment.

This insurance covers the damage resulting from the sudden or accidental breakdown of your equipment requiring repairs or replacement. This coverage also offers inspection services of your equipment.

Are insured:
– Pressurize equipment
– Electrical equipment
– Mechanical equipment
– Production machinery
– Consequential loss for perishable goods or animals

This insurance covers damage caused by pollution resulting from a sudden and accidental or continuous and gradual event, depending on the type of contract. As a result, your company will be protected in the event of pollution from the discharge, dispersal, release or escape of solid, liquid or gaseous substances in the atmosphere, in the water or in water lines, sewers or drainage systems. It can also include coverage against fines and penalties.

This insurance covers lost profits or expenses incurred in order to maintain the normal business operations in the event of a major peril. For example, rental of buildings, production machinery or equipment as well as compensation for decreased income.

This coverage pays an indemnity in the event that a major peril would result in the loss of unsold stock. By adding this coverage, you will be compensated based on the market value of the lost produce, which is very advantageous since you will be reimbursed for the production cost of these produce as well as the profits that would have been gained.

This insurance provides coverage for property damage or bodily injury that your product may involuntarily cause to a third party. As a result, this coverage is an affordable way to protect your business in the event of a lawsuit or claim attributable to your products.

In the event of contamination of your product, you may be required to quickly take them off the market. Product recall insurance covers the costs associated with this withdrawal, as well as those associated with rehabilitation of the product brand or the replacement of the product. You could also be indemnified in the event of an operating loss resulting in the decrease of your sales.

This insurance not only covers liability related to the management of the private information of your clients, employees and your company but also that of your personal data in the event of hacking.

It also includes the following types of coverage:
– Protection against accidental computer breaches
– Coverage for data recovery costs
– Coverage for data breach reporting costs

This coverage protects you in the event that your suppliers suffers a serious loss, which puts them in the impossible position of supplying you with their products. Since these raw materials are needed for the production of your products, this will put you in a vulnerable situation. By adding this coverage to your farm insurance contract, you will be indemnified for operating losses resulting from this situation. Your loss of revenue will also be covered in the event that one of your main clients suffers a loss that would prevent him from buying your products, resulting in a significant loss of your revenue.