Agribusiness Sector and Farm Insurance Coverage
FOR BUSINESSES WHO FEED THE WORLD
From the volatility of global commodity markets to increasing weather instability, the agricultural industry carries a slew of production and distribution risks that can affect the processes, and more importantly the people, that make up our global food supply chain. To protect your profits and business for future generations, you need risk management and insurance solutions that not only allows you to prosper but that also brings you peace of mind year after year.
To initiate a strong coverage strategy that works in your favour, it’s crucial to recognize from the get-go all the unforeseen threats that could potentially leave you blindsided. At BFL CANADA, our vantage point allows you to avoid those unpleasant surprises.
See the blind sides of your risks from every angle
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At BFL CANADA, we have the farm insurance resources you need to safeguard your inputs, crops, livestock, equipment, buildings, vehicles and profits, regardless of your sector along the global food supply chain.
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.
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.
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.
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.
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.
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.
We help measure clients’ risk control protocols such as certifications and adherence to regulatory requirements with our exclusive BFL Agri RiskMAP risk audit tool.
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.
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
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THE BFL CANADA ADVANTAGE
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.