Agro-insurance - Waumini Insurance Brokers Ltd

Agro-insurance (Crop and Livestock Insurance)

Agriculture is a huge undertaking and some of its greatest assets include livestock, crops and machinery, all of which our insurance packages cover. In case of any unfortunate eventualities, we have you covered so that your farming business does not suffer losses, whether at the hands of nature, or unnatural disasters.

These policies provide the insured with coverage against crops or livestock loss through probable eventualities diseases, drought, theft of produce, injury to livestock, reduced yield as opposed to the insured’s yield prospects et cetera.

These policies provide the insured with coverage against crops or livestock loss through diseases, drought, theft of produce, injury to livestock, reduced yield as opposed to the insured’s yield prospects et cetera.

livestock-insurance-main

Crop Insurance

This policy offers Cover for various type of crops irrespective of them being under irrigation or rain-fed. Among the perils insured against include Fire & Special Perils, Floods, diseases, uncontrollable pests, frost and hail impacts among others. The cover targets multiple varieties of crops based on their types and maturity periods including:

Horticultural Produce such as tomatoes, onions, French beans et cetera.
Floricultural produce covering specific kinds of flowers such as lilies, peonies & roses et cetera.
Bi-annual and Annual crops such as maize, wheat, rice, beans in Annuals e.g. wheat, barley, maize, sorghum, rice etc.
Forestry produce including cypress, eucalyptus etc.
Cover can be extended to cover the Farmer’s Greenhouse structure

Maize-Plantation

Requirements

The Proposer/Farmer will be required to duly fill a proposal form detailing the specific details of the specific crops of interests. Equally important, the farmer will be expected to issue their crops’ Long-Term Average Yields (LTAY) based on the past production per acre of land.

The basis of premium computation will depend on the type of crop. With the intervention of special agronomists, Waumini Insurance Brokers will establish the extent of risk exposures and monitor the performance of the crops based on these reports:

Emergence Report, which reveals the germination rate of the specific crop.
Mid-Season Report, which indicates the periodic growth stages of the crop including establishing noticeable trends in the crops life e.g. pests and disease, weed impact, drought et cetera.
Pre-harvest Report which forecasts the farmer’s expected yields.

Waumini Insurance Brokers will provide competitive quotes from well-established Insurance companies based on the farmer’s extent of operation and risk exposures alongside offering relevant insurance consultancy on the same.

Cover Requirements

The standard premium rate is 4% but subject to 70% of Estimated Total Yield (Crops) and total sum insured (Livestock). The proposer has to fill in a Proposal Form, Submit a Veterinary Certificate, and ensure that their livestock are tagged.

Claim Process

In the Event of a loss, the insured should notify Waumini Insurance Brokers within 24 hours, issue photos of unaltered carcass alongside obtaining a Post Mortem report from a registered veterinary officer within two weeks of the loss