Importance of Insurance Policies for Farmers

Agriculture is the backbone of Kenya’s economy. Without agriculture, Kenyans have no livelihood. Sometimes farmers have had to incur losses as a result of natural calamities and other accidents. It is always good to rest a little easier knowing that you are financially covered from natural calamities, pests and diseases.

Cooperative bank give the farmer an insurance cover for his crops on:

1. Yield shortfall due to:-
   • draught and/or excessive rainfall
   • hail
   • frost
   • windstorm
   • fire
   • uncontrollable pests and diseases
2. Loss of production inputs are also covered as a result of the same factors.

Did you know that you can reduce your stress in knowing that you are financially covered in the event of death or disease in your livestock? Cooperative Bank makes sure that that is done

The livestock insurance policy covers farmers against loss/death of livestock as a result of the following:

1. Accidental death due to lightening, floods, snakebites, windstorms
2. Diseases of terminal nature
3. Emergency slaughter on veterinary advice
4. Forceful theft either in paddock or zero grazing units
5. Transit risk within a radius of 250kms
6. Calving complication
7. Loss as a result of epidemics

Also, Loss of milk income for dairy cows and goats for a maximum of 10 litres per day for dairy cows and 4 litres for dairy goats.

Read: Co-operative Bank of Kenya Favourable Motor Insurance Products

Poultry farming is a delicate business. Cover your business from things out of your control like diseases, slaughter advice by Vet e.t.c

This cover helps poultry farmers reduce their risks, allowing them to maintain their high standards.

The farmer is offered insurance against catastrophic loss of Layers, Broilers and Kienyeji chickens.

This protection is against loss due to:

• Death
• Accidents
• Lightening
• Internal and external injury
• Fire, windstorm and flooding
• Snake bites, cats, dogs and wild animals
• Illness and disease of terminal nature
• Epidemics
• Slaughter on advice by vet
• Theft
• Transit risks