Industries · Agriculture
Private reinsurance for agriculture.
Federal crop insurance and commercial P&C can leave a farm's hardest risks on the family's shoulders: work stoppage, product recall, the packer relationship that takes years to replace, equipment in the field. The Latitude Plan insures those exposures. It also turns underwriting profit into an asset the next generation could inherit.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative actions
- Commercial auto (excess layers)
- Employment practices
- General liability (difference in conditions)
- Inventory & stored commodities
- Legal expense reimbursement
- Loss of a key business relationship
- Product liability
- Product recall
- Property
- Regulatory changes
- Reputational risk
- Work stoppage & slowdown
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example: a third-generation Nebraska cattle and soybean operation with $5M in revenue and 42 employees expenses roughly $700K per year in premium across thirteen risk lines of exposure, with insured values spanning $6M of property and $4.7M of inventory.
Run for a decade, that structure could accumulate seven figures of reserves net of claims.
Book a Call
One hour to find out what agriculture premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.