The multi peril crop insurance product was developed for commercial farmers. It is also suitable for investors within the agro-value chain and includes but not limited to banks, off-takers, processors, input dealers and aggregators.

As a pre-requisite, the farm size must be a minimum fifty (50) acres / (20) hectares.

The prospective customer has the option to insure as many perils as they deem necessary. It is characterized with field visits to the insured’s farm to ascertain at firsthand what really pertains in the field and mitigation measures put in place by the proposal to reduce the losses. Field visits are also used to generate reports, including crop emergence reports for underwriting purposes and also afford the opportunity to assess and advise customers on the adoption of good agricultural practices. Again, a vital requirement for this product is the provision of historic farming production, called long term average yields (LTAY) to give us a picture of customer’s production levels in terms of yield over a minimum of five (5) years. However, if the farm is a start up, we can do benchmarking with good farms close to customer farms as a reflection of yields obtained in the past.

Any loss to your farm as a result of insured peril under this product should be reported to us within 48 hours for the loss adjustment process leading to claims payment to start immediately. Affected client is not supposed to temper with the damage before reporting to us since such an act constitutes breach of the insurance agreement or contract.