Program specialist, managing general agency and wholesale insurance brokerage Sierra Specialty has announced the launch of a new agribusiness program available in all 50 states. Sierra Specialty has sole authority to underwrite, bind and issue policies for the program, which focuses on farming and the agriculture industry.
“We don’t know of any other program like ours that is available nationwide,” said Kathy Schroeder, president of Sierra Specialty. “Our closest competitor only offers limited coverage in a few states.”
The program targets a wide range of business classes, including pesticide and herbicide spraying services, farm consultants and managers, farm labor contractors, landscaping services for lawn and garden, tree trimming and pruning, and more. Coverages available include general liability, professional liability, excess liability and inland marine, with limits up to $5 million. The coverages can be packaged or written monoline.
“Our program has the ability to provide general or professional liability on all of these classes,” said Mark Schroeder, chief operating officer for Sierra Specialty and manager of the agribusiness program. “The professional liability alone fills major gaps in coverage for contractors who provide services to farmers. The industry has been asking for this type of coverage for a long time, and we are pleased to deliver it.”
Sierra Specialty has partnered with Watford US Insurance on the program.
“Sierra Specialty understands agribusiness like few others in the industry,” said Paul Sullivan, director of programs at Watford US Insurance. “We’re thrilled to work with their team of knowledgeable, AFIS-designated underwriters to serve the needs of agribusiness insurance in an unprecedented way.”