Farming companies

Agricultural Insurance

With the backup of the farming sector

What is agricultural insurance?

The aim of Agricultural insurance is to protect businesses involved in the agricultural, farming, forest and fishing industry. With the purpose of providing the best covers, this insurance is backed by the expertise of Agroseguro (Spanish Agricultural Insurance System). This system provides an extensive protection network against agricultural risks through a conglomerate of insurance companies.

Benefits of this insurance

Peace of mind

Protection adjusted to the needs of different activities in the rural environment, with a specific insurance for each type of crop, livestock or holding.

Extensive coverage

It provides a wide range of covers included in the combined agricultural insurance system, and it features specific plans that are reviewed and updated every year.

Agility

The insurance can be taken out easily and swiftly thanks to our group of advisers with specific training in the agricultural sector.

Subsidies

Combined agricultural insurance plans receive significant State and Regional subsidies.

Coverage

Damage to agricultural crops

We provide cover to damage sustained by the insured crops due to hail, hurricane winds, frost, floods and drought. Crops are also covered whilst in production, being planted and at facilities. Cover applies and can be amended to suit the type of crop you have. In general terms:

Production: it covers damage due to hail and frost, as well as exceptional damage sustained by wild animals, torrential rain, hurricane winds and the rest of adverse climatic conditions
Plantation: it covers the death of the tree, as well as the loss of the following year's harvest
In facilities: it covers any climatic risk beyond the farmer's control

Protection for your livestock

We offer you options to cover a range of situations that can affect various aspects of livestock activities, such as accidents, livestock diseases or expenses arising from the destruction of pasture or drought. These types of policies vary depending on the type of livestock you have and cover:

The death or disabling of the animal as a result of the most frequent accidents among livestock: attack from wild animals, huddling, suffocation and drowning, climate-related accidents and running over
Sanitation due to diseases, complications in the birth delivery and intoxications
Removal and destruction of dead animals employing all the sanitary measures required to prevent the transmission of diseases
New covers, such as a reduction in breeding or loss of quality
Compensation for loss of pastureland according to the vegetation index of the region in which the holding is located
Summer and winter pasture passages: this cover can be taken out additionally, and it provides compensation for the periods in which the livestock cannot access the pastureland due to extra sanitation restrictions that result in production loss

Insurance for forest holdings

Aimed at providing compensation due to damage sustained by accidents in forest holdings with deciduous trees, coniferous trees and bushes. This insurance covers the reforestation and regeneration of forest holdings due to damage caused by fire, floods from torrential rain, hurricane wind and snow.

In addition, coverage is provided in the event of a loss of production of cork from cork oak, pine cones and poplar wood.

Insurance for aquaculture

The covers are adjusted to the species and type of use, considering marine and continental aquaculture and farmed fish. Some of the species we provide coverage for are farmed sea bream, sea bass, gilthead bream, sole, turbot, meagre and trout, as well as mussels from Galicia, Catalonia, the Ebro Delta and Valencia (known locally as Clóchina).

Depending on the species and type exploitation, the coverage provided covers any damage caused by:

Death or loss due to exceptional temperature variations
Drop of salinity due to torrential rain
Atmospheric phenomena, such as hurricane wind, floods, flash floods, lightning, fire or storms
Impacts from vessels and floating elements
Oil slicks and chemical or biological contamination
Marine predators and diseases

FAQs

Who is this insurance for?

This insurance is aimed at all the professionals in the agricultural sector that need protection against accidental or weather-related damage that directly affects their holding. It can be adjusted to any type of operator related to the sector, such as large agribusinesses, small and medium enterprises, self-employed farmers and similar.

Which agricultural activities are covered?

All those related to the agricultural, farming, forestry and aquaculture production sectors.

How does the Agroseguro system work?

The Agroseguro system functions as a state agricultural insurance scheme to provide the best possible coverage. These main institutions comprising it are:

The State, through ENESA (State Agricultural Insurance Body), DGSFP (General Directorate of Insurance and Pensions) and CCS (Insurance Compensation Consortium)
The Autonomous Communities, which complement the subsidies for taking out agricultural insurance
The Agricultural Organisations that represent farmers and livestock breeders
The Insurance Companies, which are grouped in Agroseguro

What are the advantages of the combined agricultural insurance system?

The combined agricultural insurance system is one of the most developed in the world and has multiple advantages, including:

A compensation equivalent to the combination of the economic damage sustained and the level of coverage taken out
Indemnities are received within 60 days from the harvest or the termination of the covers
It allows maintaining the income level and, therefore, its continuous exploitation
Your financial soundness will be stronger in the face of financial instituions and individuals