LIVESTOCK INSURANCE
We provide comprehensive Livestock Insurance for financial protection to businesses and individuals against losses due to the death of animals caused by major events.
Specialising in covering cattle, poultry, and pigs, we ensure that our clients are safeguarded against unexpected risks across all continents. Our team of expert underwriters works closely with a diverse range of clients, from individual farms to large international livestock operations, to develop market-leading animal mortality insurance solutions.
Canopius is part of the Global Livestock (Re)Insurance Consortium along with leading Lloyd’s syndicates (Arch, Beazley, Faraday, Liberty, Markel and Tokio Marine Kiln). This structure allows clients to benefit from the simplicity of dealing with one insurer while leveraging the financial strength of seven.
What we offer
Our expert underwriters provide tailored Livestock Insurance solutions to meet the specific needs of your operations. Canopius’ policies cover various risks, ensuring businesses remain resilient in the face of unforeseen losses.
Livestock Insurance protects you from financial losses by covering the value of animals, business interruption costs, clean-up expenses, and increased cost of working.
What we do
At Canopius, we are committed to providing comprehensive Livestock Insurance solutions that are tailored to clients with varied needs. Our expertise encompasses a broad variety of coverage choices designed to safeguard against various hazards and promote financial stability. Coverage options include:
- All-risks mortality: cover for experienced livestock losses
- Named perils policies: protection for specific risks
- Government slaughter coverage: insurance for mandated culling
- Economic slaughter protection: safeguarding financial viability
We work closely with businesses to provide customised solutions that address industry-specific challenges.
Coverage
Our Livestock Insurance offers comprehensive protection against financial risks, covering:
- Value of the animal: compensation for lost livestock
- Business interruption: financial support to keep operations running
- Clean-up costs: expenses associated with disease outbreaks or contamination
- Increased cost of working: coverage for additional operational expenses
Our target markets
We serve a wide range of clients, including but not limited to:
- Individual farms
- Large international livestock operations
- Agricultural cooperatives
- Livestock traders and transporters
Our capacity
We offer market-leading capacity, providing up to $30 million (USD) per location, and up to $30 million (USD) for in-transit risks.
This represents the largest single risk capacity available world-wide for Livestock Insurance.
Contact us
Please get in touch with one of the specialists or submit a proposal form. More information and contact details can be found on the Global Livestock (Re)insurance Consortium at Lloyds 9644 page.
FAQs
What is Livestock Insurance?
Livestock Insurance provides financial protection against losses involving animals. It covers standard farm animals such as cattle, poultry, and pigs. This insurance compensates for animals that die, need to be euthanized, or are stolen, and applies to losses occurring either on-site or during transportation.
What does Livestock Insurance cover?
Livestock Insurance covers a variety of risks, including:
- Value of the animal: compensation for lost livestock
- Business interruption: financial support to keep operations running
- Clean-up costs: expenses associated with disease outbreaks or contamination
- Increased cost of working: coverage for additional operational expenses
Is transit coverage included in livestock insurance?
Yes, transit coverage is included in livestock insurance. The Global Livestock (Re)Insurance Consortium offers up to USD 20 million for in-transit risks, providing protection against the death or crippling of livestock during transportation.
What does LRP stand for?
LRP stands for Livestock Risk Protection. It is an insurance plan designed to protect livestock producers against declining market prices.
Who needs Livestock Insurance?
Livestock Insurance is essential for a wide range of clients, including:
- Individual farms
- Large international livestock operations
- Agricultural cooperatives
- Livestock traders and transporters
Does livestock insurance cover disease outbreaks?
Yes, livestock insurance can cover disease outbreaks. This coverage includes protection against losses due to disease, government-mandated culling, and economic slaughter. The insurance policies are designed to adapt to evolving risks, such as the spread of infectious diseases, ensuring clients are protected now and in the future.
