1. A Presentation By: Leonard Okereafor
18 November 2018
The Benefits of Insurance in Agriculture & Export
A Presentation By:
Leonard Okereafor @
A - Z Network Forum
Packaging for export a-z

2. Risk is an indispensable component of life
Leadway Assurance Company Limited November November 2018.
Risk is an indispensable component of life

3. Leadway Assurance Corporate Profile 18 November 201818 November 2018
Our Value Proposition
Leadway’s Agricultural/Export Insurance Offerings provide:
protection to farmers/exporters against financial losses;
innovation for improved farming practices;
a platform that sustains the export of local products;
a culture of prompt claims settlement;
A proposition that ensures the survival, development and growth of agribusiness in Nigeria.

4. Our Agricultural Insurance Products
Leadway Assurance Company Limited November November 2018.
Our Agricultural Insurance Products

5. POULTRY FARM
FISHERY & FISH FARM
MULTIPERILS CROP
LIVESTOCK
COMBINED FARM PRODUCE & EQUIPMENT

6. POULTRY FARM INSURANCE
Leadway Assurance Company Limited November November 2018.
POULTRY FARM INSURANCE
POULTRY FARM INSURANCE:
This offers a comprehensive cover against death of Broilers, Layers and Parent Stock (Hatchery Birds) and all commercial birds occasioned by Diseases, Accident, Fire, Windstorm, Flood and Lightening.
The sum insured is calculated based on the projected market value of the broiler at table size, layers and parent stock at point of lay. The premium rates and other terms are negotiable depending on the level of size of the farm, biosecurity and standard of management.
Underwriting Requirements:
Location of the farm
Number and age of birds to be insured
Method of rearing
Value per bird
Completion of proposal form (questionnaire)
Loss experience in the last 3-5 years
Vaccination evidence

7. FISHERY AND FISH FARM INSURANCE POLICY
Leadway Assurance Company Limited November November 2018.
FISHERY AND FISH FARM INSURANCE POLICY
FISHERY AND FISH FARM INSURANCE
This offers a total cover for your fish, fish ponds and hatchery. The cover provides compensation in case of death of your fish stock and collapse (Dyke) of the fish pond occasioned by diseases, accident, fire, flood, lightening and windstorm.
The sum insured is determined based on the projected market value of the fish stock at table size and cost of construction of the fish pond or the hatchery. The premium rates and other terms are negotiable depending on the size of the farm and risk improvement facilities available.
Underwriting requirements:
Location of the farm
Type of pond
Number of fish per pond
Completion of proposal form (questionnaire)
Loss experience in the last 3-5 years.

8. Policy Offerings & Summary of Exclusions
Leadway Assurance Company Limited November November 2018.
MULTIPERILS CROP INSURANCE
Policy Offerings & Summary of Exclusions
MULTIPERILS CROP INSURANCE
This provides insurance cover for all arable and perennial crops against the risk of fire, flood, lightening, windstorm, explosion, pest and diseases.
The sum insured is the estimated cost of production or the value of the crop as declared in the proposal form. The premium rates and other terms are negotiable based on the size of the farm, risk improvement facilities available and standard of practice.
Underwriting Requirements:
Location of the farm
Completion of the proposal form (questionnaire)
Size of the farm (acreage)
Sum insured (cost of production)
Loss experience in the last 3-5 years

9. LIVESTOCK INSURANCE POLICY
Leadway Assurance Company Limited November November 2018.
LIVESTOCK INSURANCE POLICY
LIVESTOCK INSURANCE
This offers comprehensive livestock insurance for your farm animals including cattle, horses, sheep, goat, dogs, rabbits and any other animal kept on the farm for the purpose of profit, food, ornamental and recreations against death as a result of diseases, fire, flood, lightening and windstorm.
The sum insured is the market value of the animal that is declared in the proposal. Premium rate and other terms are also negotiable depending on the size of the farm, level of biosecurity and standard of management.
Underwriting Requirements:
Location of the farms
Sum insured
Completion of proposal form
Loss experience in the last 3-5 years
System of production

10. FARM PROPERTY AND PRODUCE INSURNACE
Leadway Assurance Company Limited November November 2018.
FARM PROPERTY AND PRODUCE INSURNACE
FARM PROPERTY & PRODUCE INSURANCE
This offers insurance cover for your stored farm produce, machineries and equipment against the risk of fire, burglary/housebreaking, lightening, flood, explosion, windstorm and aircraft impact.
The market value of the property or produce declared would be considered the sum insured. The premium rates and other terms are negotiable depending on the size and the risk improvement facilities available on the farm.
Underwriting Requirements:
Location of the property or the warehouse
Sum insured
Security details
Completion of the proposal form (questionnaire)

11. Insurance Products for Export Risks
Leadway Assurance Company Limited November November 2018.
Insurance Products for Export Risks
Goods – In – Transit Insurance
Marine Insurance Policy

12. Summary of Policy Offerings
Leadway Assurance Company Limited November November 2018.
Summary of Policy Offerings
Property Insurances
Public /Product Liability
Occupiers Liability (Compulsory Insurance)
Private / Commercial Vehicle Insurance (Compulsory Insurance)
Group Life (Compulsory Insurance)
Group Personal Accident Insurance
Contingent Employers Liability Insurance
Bond Guarantee
Money
Fidelity Guarantee
Electronic/ Computer All Risk

13. Claim Notification (24 hrs) Discharge Voucher (3 days)
Leadway Assurance Company Limited November November 2018.
Claims’ Handling Process
Simple and devoid of bureaucracy.
Claim Notification (24 hrs)
Discharge Voucher (3 days)
Settlement Cheque
Registration
Investigation
Loss Adjuster
Offer

14. Thank you for listening
Leadway Assurance Company Limited November November 2018.
Thank you for listening
QUESTIONS?