FARE IDAHO: Advocacy in Action
Member Benefit Highlight
Reprint from FARE IDAHO Newsletter
March 18,2024
InsurEdge Group: Protecting Idaho’s Food & Agriculture Businesses with Tailored Insurance Solutions
InsurEdge Group is here to help ensure your business is protected from the unexpected. As an independent insurance agency, we offer specialized coverage solutions designed to safeguard your operations, mitigate financial risk, and keep your business thriving.
From farm to table, InsurEdge Group provides tailored insurance programs that address the unique risks faced by food and agriculture businesses. Our offerings include core insurance solutions essential to business protection through the traditional insurance marketplace or, if eligible, through a captive insurance program allowing you to take on part of your risk for the opportunity to earn an underwriting profit. These might include General Liability Insurance, Property and Equipment Insurance, Workers Compensation Insurance, Umbrella/Excess Liability Insurance, Product Recall Insurance, Bonds, and Management Liability lines such as Directors & Officers Liability, Professional Liability, Employment Practices Liability, Fiduciary Liability, Crime and Cyber.
Additionally, through an alternative program and a partnership with our sister company, we can offer specialty coverage through a tax deferred program with the ability to earn investment income from your premiums and customize the policy to provide coverage that may not be included in traditional insurance policies. Some of the policies available are:
Animal Mortality – Coverage without restrictions for Avian Flu, BSE/TSE/Mad Cow Disease, and other typically excluded risks.
Brand Protection – Protects against any adverse media event that affects consumer trust and brand perception.
Business Interruption – Flexible coverage for direct and indirect losses without the usual pandemic exclusions or physical damage to structures requirements.
Data Breach – Customized protection for cyber threats including intentional and unintentional acts of employees and cyber breaches.
Supply Chain Interruption – Financial protection from disruptions to your supply chain that impact business operations.
Political Risk – Coverage to mitigate risks associated with global political instability.
Credit or Contract Default – Failure of a customer to pay the invoice value of delivered goods or services due to its insolvency or failure of a contractor to meet its contractual obligations.
Custom Warranty – A program to warrant manufactured products which generates goodwill with clients and a revenue stream for the manufacturer.
Crop – Supplemental coverage that can emulate the federal crop program as well as provide additional coverages needed for your specific risk.
With a deep understanding of the food and agriculture industry, InsurEdge Group is committed to delivering customized insurance solutions that protect your business, employees, and financial future. Whether you are a small farm, food processor, restaurant or large distribution network, we have the right coverage to keep you secure.
Learn More about FARE IDAHO here.
