GRUPO PACC collaborates in the promotion and distribution of Spain’s agricultural insurance programs.
We market policies issued by AGROSEGURO (Spanish Grouping of Combined Agricultural Insurance Entities, S.A.), a joint-stock company formed by the leading national insurance carriers and the Insurance Compensation Consortium. AGROSEGURO was established under Law 87/78 on Combined Agricultural Insurance and Royal Decree 2329/1979.
The primary risks covered are meteorological in nature—risks that individual insurance companies would find difficult to insure independently. The objective of these policies is to guarantee the income of farmers and livestock producers.
These programs serve a strong social purpose by mitigating the economic impact of natural disasters. They are backed by a reinsurance guarantee provided by the Insurance Compensation Consortium, which also participates in the supervision of loss assessments.
We also offer specialized policies tailored to the needs of farmers and livestock producers, including agricultural and livestock liability insurance, deductible buy-down coverage for AGROSEGURO policies, agricultural machinery insurance, farmer accident insurance, collective labor agreement, and more.
Advantages of Agricultural Insurance
- – Subsidised insurance
- – Bonuses: By consulting your broker, you can find out which bonuses you may be eligible for in order to obtain discounts and reductions on the agricultural insurance policies you take out
- – Flexibility: Agricultural insurance covers numerous sectors: crop insurance, livestock insurance, aquaculture insurance and forestry insurance
Crop Insurance:
- Persimmon and other fruit trees
- Cherry
- Citrus
- Fixed costs of producer organisations and cooperatives
- Agri-energy crops
- Forage crops
- Extensive herbaceous crops
- Industrial non-textile crop farms
- Textile industrial crop farms
- Olive groves
- Strawberry and other red berries
- Fruit trees
- Nuts
- Outdoor vegetables (autumn–winter)
- Outdoor vegetables (spring–summer)
- Greenhouse vegetables
- Vegetables with successive growing cycles
- Multi-crop vegetable production
- Live plants, cut flowers, nurseries and seeds
- Banana
- Tropical and subtropical crops
- Table grapes
- Wine grapes
Livestock Insurance
- Cattle farms (breeding and production)
- Cattle fattening farms
- Fighting bull farms
- Sheep and goat farms
- Equine farms
- Poultry farms (meat production)
- Poultry farms (egg production)
- Pig farms
- General livestock tariff
- Compensation for loss of pasture
- Beekeeping
- Removal and destruction of dead animals on the farm
Aquaculture Insurance:
- Marine aquaculture
- Marine aquaculture for mussels
- Inland aquaculture
Forestry Insurance:
- Coniferous, broadleaf and shrub species.
What should you consider before taking out agricultural insurance?
Before taking out an agricultural insurance policy — as with any other insurance policy — the most important step is to carefully review the terms and conditions. Before signing the policy, you should make sure you are properly informed about key aspects such as
- The broker’s experience in agricultural insurance
- The risks covered by the policy
- The level of coverage provided
- The waiting period, i.e. when production is fully covered
- The coverage period, specifying from when to when production is insured
- Available subsidies from the Ministry of Agriculture and other entities
- How to report a claim and receive the corresponding compensation
At GRUPO PACC, we have extensive experience in arranging agricultural insurance policies. We are therefore fully qualified to advise farmers and livestock breeders on the insurance solution that best suits their needs
Crop Insurance
Crop insurance is a mechanism through which farmers can protect their production by purchasing policies through an insurance brokerage or a specialised insurance agent
Agricultural insurance policies generally cover risks arising from abnormal circumstances caused by natural agents affecting all types of agricultural production..
Livestock Insurance
Livestock insurance is designed to protect animals against risks such as disease, accidents, and other unforeseen events. What does taking out livestock insurance allow you to do?
- Protect against certain diseases
- Protect against climate-related risks
- Cover attacks by other animals
- Access carcass removal services
- Personalized coverage
Aquaculture Insurance
Aquaculture insurance is another Agroseguro coverage solution whose policies protect the production of aquatic species against various risks and damages. It provides protection for numerous species against damage caused by chemical pollution, proliferation of microorganisms, oil spills, disease, adverse weather conditions, predator attacks, and more.
Forestry Insurance
Forest plantations have increased by 60% over the last 25 years, and this growth has led to a greater likelihood of losses occurring in forestry plantations. Forestry insurance policies generally cover the destruction of trees as a direct result of events such as fire, hail, and others:
Some of the benefits offered by forestry insurance include.
- Reforestation costs
