Agribusiness
Nurturing the growth of agribusiness with smart risk strategies.
The business of agriculture drives our global economic, industrial and physical health, providing food, fuel, raw materials and other essentials that keep us all moving. It is also an industry plagued by complex and catastrophic claims, such as those related to destructive floods, product recalls and severe property or equipment damage, which is why it is important to have risk advisors that understand agribusiness insurance and risk management.
The Gibraltar Group was established on a foundation of agribusiness insurance and crop insurance, serving dairymen, food processors, bakeries, grocery distributors, feed mills, implement dealers and commercial farmers and ranchers across the country.
Gibraltar offers specialized risk management and agribusiness insurance coverage for the dairy industry. Learn more.
No matter the level of risk, our team offers RiskIMPACT™ and related advisory services to address the unique needs of the agribusiness industry. Learn more about our agribusiness practice below.
- Fruit and vegetable growers and packers
- Egg processors
- Beverage distributors
- Food processors
- Cotton gins and warehouses
- Feed mills
- Fertilizer distributors
- Fertilizer blending
- Grain elevators
- Cattle feed lots
- Commercial farming operations
- Grain milling
- Implement dealers
- Farm stores
- Nursery/greenhouse operations
- Poultry hatcheries
- Tire dealers
- Bakeries
- Grocery distributors
- Dairies
- Ice manufacturing
- Pasta manufacturing
- Snack goods
- Spice processing/milling
- Grain ethanol plants
- Sugar refineries
Risk Control/ Advisory Services
- Facility safety assessments
- Product recall plan and reputation management
- Certificate tracking
- OSHA compliance
- Annual property value assessments
- Volunteer fire department consultation
- Power failure plan
- Employee handbook assessments
- Environmental contract development
- Fleet safety programs
- DOT compliance audits
- Succession planning (TransitionGUARD™)
- Certificate tracking (VendorGUARD™)
- Cash flow management (CashGUARD™)
- Human capital services (PeopleGUARD™)
- Private equity services (EquityGUARD™)
- Reputation management (ImageGUARD™)
Related Coverage
- Product recall coverage
- Property coverage
- General liability
- Commercial automobile
- Umbrella
- Cargo coverage
- Livestock insurance
- Employment practices liability coverage
- Workers’ compensation coverage
- Environmental liability
- Agribusiness insurance
Ensuring better coverage and less risk for a commercial dairy.
RiskIMPACT™: $3 million in uncovered stock and property
During the policy renewal process, it’s easy to get caught up in the quoting game. Unfortunately, there are a number of businesses that end up with inadequate coverage after years of brokers quoting and re-quoting from the same old numbers. That’s exactly what Gibraltar’s dairy industry experts found when a large commercial dairy farm came to us with a general feeling their insurance had been mishandled.
During our initial analysis, we identified $3 million in uncovered stock and property. Since the organization’s line of credit minimums had been met, there was no apparent need for revision. A large storm or fire could’ve reduced the dairy’s operating capital below a working level and forced the dairyman to sell his business.
We understand the difficulties posed by today’s banking environment and we know how to help keep a dairy in business. Gibraltar’s RiskIMPACT™ approach looked at this dairy holistically and figured out how to protect its interests without hurting the bottom line. In addition, ongoing evaluation and review allowed us to capitalize on changes in feed practices to reduce the premium expense in the second year of our relationship, even though the dairy was significantly better protected than before.
