STUD STOCK INSURANCE
Stud Stock insurance
Peace of mind from the moment the hammer falls
Our Stud Stock insurance cover. Peace of mind from the moment the hammer falls.
Download our form and take advantage of our 2019 Stud Stock insurance cover special today.
Recognising times have been tough for farmers and with bull prices reaching record prices, our 2019 Stud Stock cover is now available at a market-leading rate for a 12-month cover for mortality including accidental loss of use, sickness and disease (plus GST and stamp duty).
Greater control over premiums with Achmea’s Stud Stock insurance cover
A critical part of risk management is adequate stud bull insurance to cover loss of use, which can come from accidental causes, sickness, disease, mortality or transporting the bull home from the sale.
With our Stud Stock insurance cover, you decide what you need, when you need it and how you need it.
Committed to giving you greater control over your premiums, for each option below you determine whether you need 12, 6- or 3-months coverage:
- 1 Star – Mortality only (including transit).
- 2 Star – Mortality including accidental loss of use.
- 3 Star – Mortality including accidental loss of use, sickness and disease.
Peace of mind from the moment the hammer falls
From humble beginnings in the Netherlands more than 200 years ago to Australia’s specialist rural insurer: Achmea’s Risk Specialist based in Armidale, Allan Cowan, describes how Achmea can protect your stud bulls from the moment the hammer falls.
With more than 200 years of international expertise and a growing network of regional Risk Specialists across the country, Achmea partners directly farmers to review and help manage their risks and provide farm insurance.
Raised on a dairy farm near Taree and equipped with nearly 30 years of experience in agriculture, I’m passionate about the industry. Based in Armidale, I’m committed to protecting livelihoods through adequate insurance. Insurance can seem complex which is why, as Achmea’s Risk Specialist, I partner directly with farmers to talk about their business, review their on-farm risks and discuss their unique insurance needs.
Along with tailored farm insurance, Achmea offers stud stock insurance, designed to protect your stud bulls from the moment the hammer falls.
Our offering includes our comprehensive stud stock coverage with flexible options to manage the risks for stud stock including accidental loss of use, sickness and disease loss of use as well as mortality and transit cover.
When every dollar counts, having adequate insurance is key
For many Australian agribusinesses in our eastern states, 2018 will be remembered as one of the driest years on record, resulting in tough farming conditions. When every dollar counts, having adequate insurance cover, including livestock, is key to keeping farmers farming.
If a farmer’s cover has not been updated for several years, it most likely will not reflect the accurate value of a large portion of their most important assets. The same cover a farmer had five or even two years ago may not be the right one today, which means they may be underinsured or exposed to unnecessary risk.
As we move into a critical risk period over summer, I’m out on farms across the New England region most days to help farmers review their risks as well as insurance levels. Reducing risks is key to building resilience and mitigating risks can help keep premiums and unexpected repair bills down.
Why Achmea doesn’t adopt a one-size-fits-all approach
Each farm requires its own approach based on their current local context and individual commercial situation, it simply is not a one-size-fits all approach when it comes to farm insurance. Our local agricultural knowledge and personal service gives farmers peace of mind that they are adequately protected from unexpected loss.
Through our local Risk Specialists, farmers tap into a wealth of local knowledge, and our familiarity with the equipment farmers use and the infrastructure they have in place certainly makes it easier for farmers to update their insurance.
With our direct approach, farmers who come on board with Achmea find it easy to add certain items such as new equipment or livestock to their policy or adjust the level of cover as things happen within their business.
Having face-to-face conversations about which assets are most valuable to farmers and how to best protect them means farmers don’t rely on guess work to make decisions that could have a material effect on their livelihoods.
Farmers can’t afford to underinsure their farm business
Recently, discussions I have had with farmers have mostly revolved around three main aspects: the cost of insurance, safety and liability.
Particularly during the current drought, what I hear is that cost savings are top of mind. Many are reconsidering areas of expenditure, including insurance to achieve some financial relief. To lower premiums, it’s not uncommon for farmers to consider reducing their Sums Insured. However, this is one of the biggest risks a farmer could take.
While some short-term cost savings are achieved, farmers can be left underinsured and financially exposed, with damages often much greater than what they could bear alone. There are other ways to lower premiums, including undertaking an Achmea Risk Review and looking to increase the excess.Through providing a higher excess, we not only offer lower premiums, but we can also avoid the risk of underinsurance.
This results in greater resilience and security, so that livelihoods are safeguarded, whilst relieving some of that immediate financial pressure through our lower premiums and unique higher excess model.
Achmea’s tailored farm insurance covers a wide range of areas to give farmers peace of mind and build resilience and disaster preparedness in rural and regional communities.