The global agriculture sector plays a critical role in providing food and resources to meet the needs of the world's growing population. However, this industry is exposed to various risks, including weather-related events, natural disasters, equipment failures and liability issues. To mitigate these risks, Property & Casualty (P&C) insurance is crucial for the agriculture sector.
Gallagher Specialty provides Property coverage that protects the physical assets of farmers and agricultural businesses, including buildings, machinery, equipment and crops. This coverage ensures that farmers can recover financially in the event of damage or loss caused by perils such as fires, storms, theft or vandalism, minimising the financial impact on the business and enabling farmers to continue their operations.
Large-scale farming operations involve risks to third parties, such as accidents, injuries or property damage. Our Casualty team can provide coverage for legal defence costs, settlements or judgments arising from such claims, ensuring agricultural businesses are protected from the financial consequences of lawsuits and liabilities.
We can also provide additional specialised coverages such as equipment breakdown insurance and Pollution Liability insurance for the agriculture sector. By having adequate P&C insurance, the agriculture industry can sustain its operations, ensure food security and thrive even in the face of uncertainties and challenges.