Hudson Insurance Co. announced last week it has added a new coverage to its suite of crop insurance products.
Total Revenue Coverage (TRC) functions as a supplemental policy to multi-peril crop insurance, and offers producers a single, firm, crop revenue guarantee at the time of signup. The policy addresses recent concerns among producers over extreme price volatility in the market.
TRC offers a range of dollar amounts per acre and payment limits commensurate with their farm and crop. With that, the product helps protect revenue, including Title I payments, when crop prices or yields are low.
Sold exclusively by New York-based Hudson Crop, TRC was developed by Watts & Associates, Inc.
Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Co. and a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Co.
Hudson is admitted in all US jurisdictions.
