Food and Agriculture Insurance & Risk Management

The food and agriculture sector is fast, dynamic and multi-faceted. It is continually responding to changing market conditions and evolving customer demands, while proactively looking to improve the products and services it provides.

The ‘smart-farm’ agricultural revolution, climate change, water scarcity, disease pandemics, population growth, globalisation, dietary preferences, food technology are all having a profound effect on the threats and opportunities faced by the food and agri sectors.

We relish the challenge of keeping up with this exponential rate of change and delivering new solutions to meet emerging risks. JLT can help companies manage these risks by providing bespoke food and agriculture insurance and risk management solutions.



JLT is a leading insurance broker for the food and agriculture industry and has been helping clients to understand and manage their exposures for over 20 years.

Our global food and agriculture practice offers expert support and long-term commitment. By putting ourselves at the heart of the sector, we aim to remove the uncertainties and allow you to get on with the task of driving your business forward.

We work closely with agricultural producers, food and drink manufacturers, major retailers and other professional advisors, helping you to keep pace with risk issues and developing the innovative insurance responses you need.

Our experience extends across the entire life cycle of food products from field to supermarket shelf, through transportation, processing and storage.

Our clients range from small to medium enterprises to multi-pound businesses including:

  • Food and drink manufacturers
  • Processors of raw products
  • Producers of fertiliser, seeds, animal feed and associated products for agriculture
  • Producers and suppliers of ingredients, flavours and fragrances
  • Manufacturers of equipment, and service providers
  • Commodity traders and agriculture investors

In building a team to work alongside our clients and the market, we cement closer understanding and deliver optimum solutions. Our dedication, commitment and investment in research, and international conferences refreshes our expertise to keep us ahead of the curve.


Products liability insurance provides an indemnity for your legal liability following third party bodily injury or property damage caused by your products. This would include someone becoming ill after consuming a product that has been contaminated during the production process; however it is a completely different policy to contaminated products insurance.

Contaminated products insurance policy is triggered by the threat of causing bodily injury, so would respond as soon as the insured is aware of the contamination, which may be before the product is consumed. The policy coverage includes recall costs, rehabilitation expenses, crisis consultant costs and business interruption (usually the largest component of any claim) all of which would not be covered under a traditional products liability policy.

Parametrics are structured deals that have an index based trigger and pay out once the agreed index parameters have been met. There is no requirement to provide proof of loss as the policy responds only to the index trigger – for example rainfall being less than a defined amount over a pre-agreed period.

In collaboration with our marine and cargo colleagues we can combine raw materials and the finished product in store with a traditional cargo policy as stock throughput insurance.

Advantages are:

  • Coverage for stock is insured on a broad “all risk” basis and can include such coverages as contamination, infestation, change in temperature etc., which may not be covered under the property policy
  • The cost to insure stock on an STP is often much lower than leaving it in the property programme
  • All stock can be valued at selling price
  • Deductibles can be reduced on stock, in particular with respect to NatCat perils
  • Coverage can be written with a “per location” limit and, in many cases, the limit with respect to “NatCat” perils is not subject to an annual aggregate
  • Loss or damage to stock under a STP resulting from “NatCat” perils will not erode the annual aggregate limits under the property programme
  • A STP eliminates the need to purchase a separate, standalone cargo policy.

JLT held its first International Global Food and Agriculture Conference in 2017 for its major clients and prospects. There was an excellent turnout with just under 80 delegates in attendance with representation from all parts of the world including Europe, Latin America and the USA. Future conferences will be planned with the agenda being driven by our clients and prospects with regard to specific risk and insurance issues which are important for the sector.

When discussing insurance and risk management needs with our clients and prospects, we are frequently challenged to look beyond the traditional ‘silos’ and to take a more holistic approach. With this in mind, we offer our Food Practice Initiative. This has been designed to provide a more streamlined package for key risk areas of PD/BI, products liability and marine cargo. Wrapping around this are our unique claims support and BI risk management offerings. We work with our key partner insurers to provide market leading wordings, based around our deep knowledge of the sector and its associated risks.

Key Stats

90%+ of Irish dairy producersFood and Agri50%+ of all cheddar sold in the UKFood and Agri


Our global food and agriculture practice offers expert support and long-term commitment to your sector. Here’s what makes us different:

  • We focus on the entire food supply chain, giving you a comprehensive overview of your risks and how to manage them
  • We offer access to a wide range of insurance products and can negotiate broad, cost-effective solutions
  • Our team consists of people that specialise in food and agriculture, so you always deal with someone who understands your challenges
  • Our in-house claims team has in-depth expertise in managing even the most complex claims and resolving disputes
  • We offer a genuinely global service; our network covers more than 135 countries and our global portfolio of food and agriculture business allows us to share useful benchmarking data
  • We host regular industry events including an international food and agriculture conference to help clients learn more about how to manage their risks
  • Our investment in research – such as our recent project to map the disease risks of the fresh meat industry in Europe – shows our commitment to leading the industry on key issues.

Case Studies

Food and Agri

Toxic algae bloom

A toxic algae bloom killed a significant proportion of tuna fish in an industrial fish ranch off the coast of Mexico. In order to attempt to mitigate the loss, the insured employed their sardine fishing fleet, which would normally be employed in catching food for the tuna, in moving the nets containing the remaining tuna away from the algae bloom.

Insurers initially took the view that the claim for “mitigation expenses” regarding the feed was not recoverable and questioned the insured’s stock valuation at the time of the incident. Early insurer’s indications were that a maximum of USD 2 million of the claim was insured.

JLT engaged with the insurers in order to advocate the correctness of the insured’s stock valuation and seek cover in particular for the extra expense of purchasing the feed.

We were successful in both obtaining the insurers’ agreement to meeting the mitigation expenses claim in full and accepting that the stock valuation figures supplied by the insured were correct. We were successful in obtaining a final insurance settlement of just under USD 11 million.

Food and Agri


Following an insurance broker tender carried out by one of the world’s largest fragrance and flavor manufacturers, JLT were appointed to place the property damage, business interruption and casualty insurance programmes.

Although premium savings were important, the client asked us to focus on programme integrity and breadth of cover. This was especially pertinent on the casualty programme where enhanced limits were required on the financial loss type coverages.

Following lengthy negotiations with insurers throughout Europe, we managed to secure a 66% increase in the overall property programme limit at the same time as achieving an 18% premium saving. We were also able to secure increased sub limits on key coverages. On the casualty programme, a 26% premium saving was achieved whilst increasing limits on coverages across the board, including pure financial loss, environmental damages and manufacturers errors & omission.


Traditional insurance policy wordings are not necessarily robust enough to respond to certain risks of prime importance to the food industry, such as reputational risk, food safety legislation, OIE notifiable disease, supply chain interruption and contractual liability.

We have a successful track record of working with insurance buyers to design and build solutions that are bespoke to our clients and offer asset and balance sheet protection and value for money. We offer expertise in the following insurance product lines:

Insurance for your property assets and loss of profit following damage to these assets

Loss of revenue following incidents that do not result from damage to your property but have a detrimental effect on your ability to trade. Examples include supply chain disruption, natural disasters and disease outbreak

Indemnity for your legal liability to third parties for bodily injuries caused by your negligence or defects in your products

Recall costs, product rehabilitation, crisis response and business interruption following an accidental or malicious contamination of your products that could cause bodily injury or property damage to third parties

Your legal liability to rectify pollution incidents

Statutory insurance (UK) for legal liability due to bodily injury to employees caused by employer’s negligence

All risks coverage for death or humane destruction as a result of any accident, sickness or disease

Coverage for biomass mortalities in both offshore and onshore fish farms due to specified perils

Single peril (eg. hail) or multi-peril (eg. drought, flood, windstorm, frost etc)

Weather, where the policy is triggered in response to weather events specified in the insurance contract. Area yield index solutions policy responds when average yields across all farms in an area fall below a critical yield

Accidental damage and third party liability insurance

Our product line offering is complemented by a diverse range of skill sets within the team:

  • Legally qualified policy wording technicians
  • Risk engineering and business interruption consultants
  • Embedded claims handling expertise and complex loss support
  • Our expertise across the world and multinational service support through the JLT International Network.


Handling complex claims can be technically demanding and time-consuming.

We offer you a tried and tested process. First we set up a direct reporting system between you and your insurers to fast-track straightforward claims. For any disputed claims and all property claims, we will work with you to achieve optimal resolution. We specialise in settling large and complex claims.

You have a variety of options for example, we can:

  • Provide you with an expert team of loss adjusters, surveyors, lawyers and engineers
  • Advise on claims strategy to create a level playing field in dealing with your insurer
  • Investigate, measure and prepare a claim
  • Negotiate and settle a claim
  • Intervene to prevent lengthy disputes and legal costs
  • Plan responses to potential major losses.

Risk Management

Risk management methods play an important role in four key risk areas: people protection, property, food safety and environmental protection. By lowering the level of risk within the business, it is possible to increase self-insured retention and therefore cut expenditure on premiums. We offer clients:

A risk management team that works with our clients to counter major risks to their business. We manage risk through our extensive auditing process which, in turn, allows us to refine operational and reporting systems and reduce claims costs.

Our goal is to establish sustainable risk management through a system that measures and offers remedies for a full range of operational risks.

  • Auditable framework for the identification management and control of insured/non insured risks
  • Tailored to the risk management needs and size of the organisation
  • Business continuity planning in the event of a major loss
  • Risk management training
  • Based on a review of business risks and feeds from risk management, insurer, customer and other audits
  • Safety
  • Process
  • Product
  • Supply chain
  • Environmental
  • Property

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