KIA&B 2017 Vol. 22, No. 3 | Page 26

Nursery Insurance
Nursery crop insurance is available in all states to all
persons operating nurseries that meet certain criteria.
Insurance coverage applies, by practice, to all plants in a
county that are on the eligible plant list, grown in a nursery
that receives at least 50 percent of its gross income from
the wholesale marketing of plants, and meet all criteria for
insurability. Nurseries must be inspected and approved as
acceptable before insurance coverage can begin. Nursery
Insurance provides protection against adverse weather
conditions, failure of the irrigation water supply if due to
an insurable cause of loss, fire and wildlife.
Bottom Line
Farmers are looking to their agent to provide them with
the best risk management options for their farming
operation. The Federal government has several dozen
policy types available through Approved Insurance
Providers for the more than 100 crops covered by the
program. In addition, Approved Insurance Providers have
a wide range of supplemental products available to ensure
our nation’s farmers have access to products that provide
coverage against losses in yield and/or revenue. Visit with
your AIP to learn more about how these products can best
protect your policyholders.
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The information contained in this publication is provided for informational
purposes only and is not provided as a substitute for advice from legal counsel
regarding the content or interpretation of any law, regulation or rule. The
information provided shall not revise, supplement or alter in any way an insurance
policy in any manner, nor is it intended as a substitute for advice from a risk
management expert or legal counsel you may retain for your own purposes.
Hudson Insurance Company is a market-leading specialty insurer that offers a wide
range of property and casualty insurance products to corporations, professional
firms and individuals through retailers, wholesalers and program administrators.
Headquartered in New York City with offices throughout the U.S. and an office in
Vancouver, Canada, Hudson underwrites specialty primary and excess insurance
on an admitted basis through Hudson Insurance Company on a non-admitted
basis through Hudson Specialty Insurance Company and Hudson Excess Insurance
Company. Hudson Insurance Company is admitted in all U.S. jurisdictions.
Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson
Specialty Insurance Company and Hudson Excess Insurance Company.
Collectively known as Hudson Insurance Group, its companies are rated A
(Excellent) from A.M. Best (XV Financial Size Category). Hudson Insurance Group
is the U.S. Insurance Division of OdysseyRe, a leading worldwide underwriter of
property and casualty reinsurance and specialty insurance and is wholly-owned by
Fairfax Financial Holdings Limited.
For more information, visit www.hudsoninsgroup.com.
Reprinted with permission. © 2017 Hudson Insurance Company. All rights
reserved.
KANSAS INSURANCE AGENT & BROKER | May - June 2017 |