insurance
Agricultural reinvention
Maple Syrup Insurance
It is important to know that the insurance of a sugar bush is part of the terms of agricultural insurance. This type of insurance coverage is therefore aimed at farmers as well as farm owners who work in maple syrup production.
When we talk about a sugar bush, we must consider the whole as a property in its own right. That is to say, to consider the sugar bush as a land property. This makes it easier to understand how to apply insurance coverage and how to take out.
To get all the information about maple tree insurance, you should contact professionals such as the insurance broker Assur360. They are the best to answer all questions about taking out a maple tree insurance policy and more generally agricultural insurance. However, it is possible to consider some interesting points.
Agricultural multi-risk insurance
It may come as a surprise, but a sugar bush can be insured with agricultural multi-risk insurance coverage. This insurance policy covers any damage caused to the entire farm. This includes the infrastructure of the sugar bush, also known as the sugar shack. Since comprehensive insurance covers the entire field of the farm, the sugar bush is logically part of it. Moreover, the insurance contract in question mentions furniture and agricultural equipment.
It is also important to understand that the sugar bush is a manufacturing unit in its own right. Therefore, it is necessary to consider production as an object of insurance coverage. Insurance coverage can then be requested in the event of a fire, explosion, or even lightning strike. The same applies to climatic hazards such as storms, hail or the weight of snow on the roof.
Civil liability
This is one of the basic services that an insurance broker in Quebec offers to his client. The maple grove operator can benefit from it. Moreover, civil liability is recommended when subscribing to maple syrup insurance. The insurance premium can help in the event of fault or occupational accidents that lead to criminal prosecution.
Employees
This insurance coverage is necessary when other people are employed in the sugar bush. For the owner, it is better for employees to have insurance cover so that they have something to rely on in case of a problem. Of course, the subscription will depend on the needs. To recognize them, the right thing to do is to make an inventory of the farm. That is, to inventory the overall value of the sugar bush, the number of people employed and the production process. This approach makes it possible to weigh the usefulness or otherwise of maple tree insurance.
Pension provision
The pension plan covers daily allowances. It is particularly recommended for farmers while being optional. However, this insurance policy is very useful if the sugar bush is the only source of income. It aims to protect against all the hazards of life such as medical expenses, disabilities or disability. In other words, it is a way to maintain one’s standard of living if one finds oneself unable to work.
