James Allen Insurance launches new program to offer comprehensive Foreign Animal Policy coverage
FOR IMMEDIATE RELEASE
Farm expenses now covered for pork producers and other livestock operations
INDIANAPOLIS – James Allen Insurance (JAI), the first in the industry to offer policies for PRRS, PED, ASF, FMD, and the avian flu, has developed a new program to offer even more comprehensive coverage through its Foreign Animal Policies.
Under the new program, producers and livestock operations can get a variety of operational expenses covered including feed costs, insurance premiums, interest costs, loan payments, medication and vaccination costs, mortgage payments and property taxes, payroll and payroll taxes, rental and utility costs, veterinarian costs and waste removal costs. Coverage for these expenses is available with James Allen’s African swine fever (ASF), foot-and-mouth disease (FMD), porcine reproductive & respiratory syndrome (PRRS) and porcine epidemic diarrhea (PED) policies.
“We’ve truly enhanced our already innovative program to provides comprehensive coverage at a very reasonable cost with a minimum premium of only $5,000,” said JAI CEO Tim Craig. “We recognize the detrimental effects that these diseases will have on a farm operation if contracted. Our goal is to ensure no farmer goes out of business because of a foreign animal disease if they’ve chosen to become insured through James Allen.”
The trigger for coverage would be for ASF or FMD to be declared in the U.S. If this happens outside of the 30-to-90-day waiting period, coverage would still go into effect and the policy would respond once the deductible has been met. Expense deductibles range from one to three months’ worth of expenses. For the PED coverage, there is a one-month deductible and then the policy pays up to one month of expenses. For the PRRS policy, there is a one-month deductible and then the policy pays up to two months of expenses.
JAI works with farmers to create personalized policy plans for their operation based on the number of sows and hogs on their farm. Its policies for ASF, FMD, PRRS, and PED can be purchased together or separately based on each producer and operator’s needs.
For more information, visit jamesalleninsurance.com.