RuralPlus is the farming and rural insurance division of Rural & General Insurance Broking Pty Ltd “RGIB” which specialises in providing insurance for all types of farming and agribusiness.
We cater for most types of farming enterprises across Australia including for:-
As a farmer, you’ll know all about the unpredictable nature of running a business that involves large areas of land, livestock, machinery and vehicles; and so do we.
Our rural heritage stems back to the “Farmers & Graziers Cooperative Insurance Company” established in 1917; and while agriculture has changed a lot since then, our traditional values based on service and integrity remain the same.
As an insurance broker we’re ot tied to any one particular company’s products; our job is to analyse your risk requirements and then search out the market to ensure those needs are met – getting you the right level of cover at the right price should be our mutual goal.
With Rural & General Insurance Brokers you get access to a wider market and more competition. Indeed, many of our competitors are limited by their affiliations with specific insurers often as a result of pressure from shareholders to arrange insurance with whichever insurer pays them the highest commission; but that goes against the grain of an insurance broker’s first duty to put their client’s interests before their own. To learn more about the benefits of engaging RGIB Business Insurance Brokers to arrange your nest insurance quote click here
Because of the multi-risk nature of farming the insurance industry has developed a standardised range of typical ‘head policies’ often packaged together in what is colloquially known as a ‘Farm Pack’ . However, despite the generic naming, each insurance company’s polices often contain very different wording, limits and levels of cover, which can leave the unsuspecting farmer uninsured for certain events.
Typically Farm Packs will include the following options:-
Additional insurance for Livestock (animal mortality) and Crops is also available but, usually only as separate policies. (see more detail below)
Australia’s farming and grazing industry is one of the most advanced in the world. Accordingly the level of complexity often involves sophisticated computer technology measuring soil moisture, complimented with hi-tech planting and harvesting machinery.
Indeed, many farming operations are adopting the vertical integration method of controlling the processes from farm to consumer often having their own supply and packing facilities on farm. Even large scale grazing and feed-lotting has become complex with the continuing development of herd genetics and feed types in order to maintain customer specifications especially in the high-end consumer and live export markets.
Thus, most standard Farm Packs may not cover the complexity of risks faced by large scale or complex farming enterprises; accordingly policy coverage is generally best provided by specialist underwriters who understand the farming business and who are willing to modify and/or tailor the cover to meet the clients. For instance the insurance may need to include cover for airstrips, on farm accommodation, bloodstock; third party contracting services and seasonal workers; not to mention workers compensation.
Farm Business interruption not only do farmers face the perils of nature (fire, drought & floods) they also face the perils of international politics. Australia’s agricultural industries rely more than ever on exporting produce and as result hiccups in international relations can have a severe flow on effect upon farmers. The Australian government’s temporary banning of cattle exports to Indonesia was a prime example, sending a number of farmers broke.
Animal cruelty issues in the Middle East and Russia’s intermittent rejection of grains are other examples of disturbances which impact upon farmers. Even local small-scale farmers can be affected with their produce achieving lower prices because of export produce flooding the local markets when it can’t be exported. International shipping and airline strikes can also affect the supply chain resulting in losses down the line. Basic Business Interruption and Trade Credit insurance generally won’t over these types of contingent losses.down the line. Basic Business Interruption and Trade Credit insurance generally won’t over these types of contingent losses.
we understand the value of a farmers’ livestock; our animal mortality insurance covers farmers in the event of animal death, injury, accident and/or illness. Cover is generally available for most types of livestock throughout the supply chain from specialist breeders, graziers and feedlots including livestock carriers and abattoirs.
Growing crops requires a specialised skill combined with taking large financial risks as crop farmers exposed to a wide range of unique risks that many generic farm insurance policies do not cover. Our preferred crop insurance policies enable crop farmers to insure the full value of their crops against a range of perils.
Our expert knowledge of the agricultural industry means that we can deliver a comprehensive insurance program tailored to suit the individual needs of your farming enterprise. To discuss matters further (without any obligation or charge) please contact us.
Where other insurance brokers shy away from Hard to Place insurance risks we actually love the challenge of doing something out of the ordinary. Got something different? – give us something different to do.