Policy Summary
Horticulture farming requires large capital input, high technology and knowledgeable labour per unit area of land compared to ordinary farming. Insurance companies consider the following factors when insuring greenhouses:
- Number of greenhouses and their size
- Age of structures
- Type and quality of equipment used in constructing the greenhouse
- type of crops grown
- Loss history/loss experience
Main Features
Horticulture farming requires large capital input, high technology and knowledgeable labour per unit area of land compared to ordinary farming. Insurance companies consider the following factors when insuring greenhouses:
- Number of greenhouses and their size
- Age of structures
- Type and quality of equipment used in constructing the greenhouse
- Type of crops grown
- Loss history/loss experience
Risks insured include:
- Crop damage as a result of climate risks e.g. storm, flood, hail, excessive rainfall, etc. Cover can also insure against the risk of uncontrollable diseases and pests, machinery failure and transit risks
- Greenhouse structure and irrigation equipment against the risk of fire and special perils
