Top 10
Agriculture Insurance Companies in the USA
In the
agricultural business, things can go wrong very quickly and without warning.
Weather patterns can suddenly change without regard to your plans, crops can be
affected by pestilence, or animals can experience disease outbreaks, all of
which can severely damage your livelihood and affect your bottom line.
With an
agriculture insurance policy from one of these top 10 agriculture insurance
companies in the USA, you can be sure that your financial stability won’t be
threatened by any of these unexpected events.
Zurich is
the world’s largest insurer for agriculture and other natural risks. The group
ensures major crops such as cocoa, coffee, tea, and rubber, along with
livestock from animals to chickens to fish.
It also
provides cover for weather-related risks like hurricanes and volcanic eruptions
as well as natural disasters such as earthquakes and landslides.
In addition
to its offerings in the agricultural sector, Zurich is known for providing
coverage against damage caused by floods or earthquakes.
Their
catastrophic insurance products allow individuals or businesses who experience
severe damage due to these types of occurrences to gain access to funds that
can help them get back on their feet financially and in a timelier manner than
if they were required to go through the traditional claims process when facing
a huge loss of assets or income.
2) Great
American Insurance Group
Great
American Insurance Group provides the widest array of insurance products in the
U.S. with operations in more than 30 states.
Some of its
most popular products include agriculture insurance, personal lines property,
and casualty coverage, commercial property and casualty coverage, as well as
health insurance.
The company
was founded in 1872 and is headquartered in Ohio; it has more than 4,200
employees.
3)
Farmers Mutual Hail Insurance Co. of Iowa
Farmers
Mutual Hail Insurance Co. of Iowa is the oldest and largest property and
casualty insurance agency in the state, which has some of the most fertile
farmland in the country.
It has been
helping farmers secure crop insurance coverage since 1935. The company offers
more than 45 individual risk protection plans to farmers; these plans ensure
corn, soybeans, alfalfa, wheat, oats, and sorghum to help protect against
losses from weather events such as hail storms or tornadoes.
Farmers
Mutual has earned a loyal customer base by offering quality products at
competitive prices.
Customers
also appreciate that Farmers Mutual agents are residents who understand farming
conditions in their community – important when you consider all the factors
farmers have to consider when buying crop insurance coverage like weather
patterns, growing seasons, and soil type.
4)
Farmers Mutual Hail Association
Farmers
Mutual Hail Association is a farmer-owned insurance company founded on mutual
aid principles and serves as a low-cost, high-quality cooperative insurance
alternative.
If you're
looking for agriculture insurance companies, you'll find them here. With a
pedigree dating back to 1936, Farmers Mutual Hail Association (FMHA) offers
high-quality service and competitive pricing to farmers across the country.
What
started as an association of six farmers taking turns providing hail protection
for one another has grown into an organization protecting farms throughout 17
states from four different business divisions.
Chubb has
been in operation since 1882 and has extensive experience in agricultural
insurance. The company even offers coverage for livestock and hay, in addition
to its standard coverage options.
Chubb's
ag-insurance coverage includes a host of additional services, such as tax
preparation, farm consulting, and professional liability insurance.
As with
most companies on our list, Chubb customers have access to technical support,
risk management tips, and other advice through local farm agents.
With
offices in all 50 states and Puerto Rico as well as specialty crop agents
located across 11 states, Chubb is a highly respected insurance company serving
farmers nationwide.
Insurance
giant Sompo Holdings Inc. was founded in 1857 and has grown to become one of
Japan’s top financial services companies.
Agricultural
Insurance company is part of its core businesses. The company underwrites,
writes, and services insurance for both farmers and agricultural-related
businesses.
It offers
insurance for livestock, crops, grain, and feed as well as personal property,
machinery, food processing plants and other factors necessary to farm
productively.
The company
also sells accident insurance products to address risks facing many types of
transportation operators (airlines; trucking companies; bus lines). [7] Sompo
Holdings Inc.
7) QBE Insurance Group Limited
With
headquarters in Sydney, Australia, QBE Insurance Group Limited is a property and
casualty insurer that also offers life insurance.
The company
provides coverage for all types of properties as well as personal, commercial,
and industrial risks.
The group's
operations include QBE Insurance Corporation (QBEIC), which operates in six U.S.
states; QBE North America Insurance Company (QBE-NAIC), which has offices in
Texas; QBE Reinsurance Corporation of Illinois (Reinsurance); Aviation
Insurance Services Inc., dba CNA Aviation; and Lloyd's Syndicate 2012 (2012).
In addition
to business insurance and personal lines products, it offers a full range of
agricultural insurance policies under its American Agricultural Insurance Group
(AAIG) business.
8) Rural Community Insurance Agency Inc.
Rural
Community Insurance Agency, Inc. (RCIA) is a full-service agency that provides
farm and ranch insurance in Littlefield, Texas.
They focus
on crop insurance and livestock coverage, helping farmers and ranchers plan for
unpredictable events like drought or disease outbreaks.
Since they
don't sell any of their products, they can use their knowledge to help
customers choose policies that match their particular situation instead of
pushing them towards one company's product line.
Like all
agricultural agencies, RCIA has good experience with natural disasters in West
Texas; in fact, it’s part of why farmers have come to trust them so much over
the years.
CGB
Enterprises, Inc. offers Crop Insurance in USA, Property and Casualty Insurance
in the USA and Agricultural Business Insurance in the USA.
Their
insured has been protected with state-of-the-art crop insurance and
property/casualty programs that are uniquely tailored to each customer’s
situation.
The company
offers a complete line of Property and Casualty coverage such as farm business
liability, farm crime insurance, personal liability, agribusiness employment
practices liability, commercial auto/truckers’ policy (equipment breakdown or
workers compensation), kidnap/ransom insurance, equipment breakage insurance,
and many more insurances.
They
understand how important it is for farmers to know they have chosen a carrier
that understands their unique needs.
10) AmericanFinancial Group Inc.
Agricultural
Insurance Company in the USA, American Financial Group Inc. provides insurance
and financial services for individuals, corporate clients, and industries such
as Agribusinesses, food producers, Agri-service companies, crop farmers, and
stock raisers.
It offers
products that include fire & property; general liability; commercial
automobile; workers compensation; product liability and business auto.
The company
was founded in 1988 by Christopher M VanderWerf in Hillsboro (Oregon) with
investment from David G Begley as an individual investor. The company
headquarters is located in Troy (Michigan).
11) TokiaMarine HCC
Tokia
Marine is a prominent marine and agriculture insurer in the USA. The company is
wholly owned by Tokio Marine Holdings Inc., a Delaware-based holding company.
Tokia
offers indemnity and excess insurance for crop, orchard, timber, feedlot/cattle
feeding operation (FFO), aquaculture, and nursery.
Its
divisions include Tomlinson Insurance Agency LLC, which underwrites crop insurance
in Alabama, Georgia, Mississippi, and Tennessee; Southern Agricultural
Insurance Agency LLC in Alabama;
Tucker
Insurance Agency LLC in Alabama; Blue Star Financial Insurance Agency Inc. in
North Carolina; Merrimack Valley Agri-Business Division Inc., an FFO
underwriter also located in North Carolina; Kornmehl & Company Insurance
Co.