Why does Thrive Agric not use its Insurance coverage?
Last Update a year ago
Our farms are fully insured against challenges in the pre-harvest period (when the livestock or crop is still in production). However, pre-operational challenges (like delays in movements of inputs) and post-harvest challenges (like delays in offtaker paying) as experienced because of lockdown restrictions caused by COVID-19 are not covered by insurance.
Notwithstanding, we are keenly following the process and closing out on insurance for farms that had challenges in the termed durations and cover range; theft, flooding, pests and natural hazards of any kind. Read this post by our insurance partners to see the level of insurance coverage we have on our farms.