Agriculture (Agri Insurance)
FOR BUSINESSES WHO FEED THE WORLD
From seeds and inputs to field and greenhouse crops, dairy and egg production and livestock processing — the agricultural industry carries a slew of production and distribution risks that can affect the global food chain.
At BFL CANADA, we work to protect the people and processes that make up this essential chain. We provide you with agri insurance resources so that your business can prosper with peace of mind every year.
Whether you are a farmer or a mill operator, livestock producer, dairy producer, egg grader, commodity trader, grain distributor or an agricultural services operator, you deal with challenges that impact your operations on a daily basis.
The volatility of global commodity markets, weakening foreign trading relationships, livestock diseases, consumer demands for traceability, technology, and increasing weather volatility are just some of the issues facing today’s agricultural industry. To protect your profits and business for the future generations, you need risk management and insurance solutions that you can rely on when the skies turn grey.
Discover your coverage solutions
At BFL CANADA, we have the experience and the skills to provide you with customized agri insurance solutions designed to help you protect your inputs, crops, livestock, equipment, buildings, vehicles and profits.
We understand how important your role is in the agriculture industry and the global economy. That is why we provide each sector along the food chain with tailored risk management and insurance solutions.
When you team up with BFL CANADA, you gain access to the agri insurance resources you need to optimize your agribusiness.
SITE AND BUILDING
Protects against incidents which damage your assets or related profits. In agriculture, we know that you are exposed to many risks beyond your control. Whether it is a fire, snow load, livestock fatalities, flood, windstorm or an act of vandalism, BFL CANADA protects you by providing coverage against material financial losses related to these unforeseen events.
MECHANICAL AND ELECTRICAL
Insures all mechanical and electrical equipment against possible failures that could jeopardize your production and/or the health of your livestock. Today your business uses high-tech tools that have become essential to maintain business flow. A simple machine breakdown could be catastrophic for your operations. BFL CANADA covers the cost of repairing or replacing your equipment and helps you avoid any further collateral damage.
GLOBAL COMMODITY VOLATILITY
Provides coverage to mitigate risk in the event of price instability that could impact your production. Agriculture is one of the most volatile industries in the global marketplace, as it is dependent on macroeconomics factors including global weather patterns, foreign policy/trading relationships, and global demand, which all influence prices. In fact, from one year to the next, forecasts calculated against actual market demand vary, making it difficult to gauge production or trading levels. At BFL CANADA, our goal is to protect you from market fluctuations and avoid potential financial losses from these risks.
FOREIGN TRADING RELATIONSHIPS/POLITICAL RISKS
Covers international trade risks such as confiscation, expropriation, currency inconvertibility, terrorism, war, inability to repatriate equipment, sovereign payment default, wrongful calling of on-demand contract guarantees and bonds, etc. When expanding your agribusiness abroad, it is important to assess all the risks that your transactions may incur outside your borders. At BFL CANADA, we help you protect your investments in overseas markets against unpredictable losses due to specific perils to limit the negative impact on your production.
LIVESTOCK DISEASE
Covers your business operations in the event that your livestock is affected by diseases or pandemics. Livestock is a core element of many agriculture businesses. To ensure operational stability having one or more affected animals is not an option and could have dramatic consequences for your production. BFL CANADA offers coverages to protect your business against these risks and potential financial losses.
WEATHER PATTERNS/CLIMATE CHANGE
Protects your agribusiness along the food chain from financial losses due to adverse weather such as frost, storms, drought or most other severe climate changes even when the peril occurs to a supplier or customer.
REGULATORY APPROVALS/CERTIFICATION REQUIREMENTS
We help measure clients’ risk control protocols such as certifications and adherence to regulatory requirements with our exclusive BFL Agri RiskMAP risk audit tool.
PRODUCT RECALL/PRODUCT CONTAMINATION
Covers costs and reduces the risks associated with a product recall caused for example by contamination or failure to comply with regulatory food requirements. A product recall can have disastrous consequences on your cash flow and your reputation. BFL CANADA helps you assess the risks of potential product recalls and limit their impact.
HUMAN CAPITAL
As in many fields, employees are the lifeblood of agribusiness. Current studies show that group insurance plans are viewed by employees at all levels as being one of the most important elements in their total compensation. It is therefore vital that employers who wish to retain their existing staff and attract qualified new employees provide a competitive Group Insurance Plan. The challenge is doing so at a competitive price!
When the time comes to renew your plan, BFL CANADA’s consultants can assess your claims history and handle the negotiations and renewal accounting, thereby saving you both time and expense.
Here are some of the programs and services BFL CANADA Consulting Services Inc. can provide:
• Accidental Death and Dismemberment
• Dental Care
• Employee Assistance Programs
• Group Life Insurance
• Health Care Spending Accounts
• Long Term Disability Benefits
• Short Term Disability Benefits
• Supplemental Health Care
Representatives available across Canada
The BFL CANADA advantage in a competitive market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
We are insurance brokers, we don’t work for an insurance company.
- We negotiate on your behalf to get the best protection, rate and deductibles.
- We work with you to develop tailor-made solutions adapted to your reality.
- We deal with all major insurers that specialize in your industry.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.
