Protect the owners or interested parties against damages or losses that may affect crop production, through the payment of compensation against the occurrence of adverse weather events covered by the policy that may affect their crops.

Between January 1st and December 31st, according to the period of coverage of each crop here (the dates of coverage can be extended or brought forward in relation to the deadlines provided for in the Uniform Policy, based on the needs of the crop).

Individual insurance – means that whoever takes out the insurance is both the policyholder and the insured.
Collective Insurance -whenever the entity contracts the insurance on behalf of several producers (insured), being responsible for the payment of the premium and for the administrative issues of the process. It is considered a collective policyholder as long as it has at least 5 policyholders.
In collective contracting, the farmer must integrate the policy of a collective entity with legal personality to contract as policyholder, such as:

– Producer groups and organizations or associations of recognized producer organizations;
– Agricultural Cooperatives;
– Farmers associations;
– Commercial companies that carry out the transformation and/or sale of safe production.

It is defined, for those who comply with the established rules, a bonus of the insurance premium by the IFAP in different percentages depending on the modalities and characteristics of the insured (up to a maximum level of 70%).
Available modalities:
– 70% Bonus on the Prize: if the farmer has a valid Family Farming Statute;
– 60% Bonus Bonus: if the farmer takes out a collective policy or an individual policy and has taken out insurance in the previous year;
– 57% Premium Bonus: if the farmer takes out an individual policy or has not taken out insurance in the previous campaign.

– Horizontal Insurance;
– Wine Crop Insurance;
– Special Insurance for Pomoid in the North Interior;
– Special Tomato Insurance for Industry;
– Special insurance for Citrus fruits Algarve Barrocal;
– Cherry special insurance;
– Special Insurance Pera Rocha Oeste.

– Horizontal Insurance:
Hail, frost, snowfall, fire (and additional fire cover with non-climate origin), lightning strike, waterspout and tornado action.
These risks can be contracted individually or together.
– Special insurance for North Interior Pomoid:
All risks of horizontal insurance. Hail risk with a relative deductible of 20% or an absolute deductible of 15% or 25%. Frost risk with an absolute deductible of 15% or 25%.
These risks can only be contracted together.
– Special Tomato Insurance for Industry:
All horizontal insurance risks plus persistent rain (with a relative deductible of 20% or an absolute deductible of 15% or 25%).
These risks can only be contracted together.
– Special insurance for citrus fruits Algarve Barrocal:
All risks of horizontal insurance. Frost risk with an absolute deductible of 15% or 25%.
These risks can only be contracted together.
– Special Cherry Insurance:
All horizontal insurance risks plus fruit splitting (with an absolute deductible of 15% or 25%). Hail and frost risks with a relative deductible of 20% or an absolute deductible of 15% or 25%.
These risks can only be contracted together.
– Special insurance Pera Rocha Oeste:
All the risks of horizontal insurance plus the lack of settlement due to low temperatures (with an absolute deductible of 15% or 25%).
These risks can only be contracted together.

To these risks, additional coverage can be added depending on the type of crop. Talk to the Atlas team or one of our brokers and find out about the options available that best suit your culture.

The value of the capital to be insured is obtained by multiplying the value of production by its price according to the reference price table to be applied under the 2023 Crop Insurance system

To calculate the safe production you must multiply the productivity by the safe area.
Productivity can be presented in 2 different ways:

1- Historical Productivity
Used when the parcel/sub-parcel or set of parcels/sub-parcels in question exceeds the limits of the table published by the GPP (see Productivity Tables below).
In this case, the average value of productivity obtained in the last three years or, alternatively, in the last five years, excluding the highest value and the lowest value, must be calculated, and it is up to the policyholder to prove this value to the insurer.
The policyholder or the insured must send to the Insurer, at the time of placing the risk, documents proving the safe average productivity, such as invoices, transport guides or documents for the entry of products in cooperatives/fruit plants/factories/centers of distribution. If the producer has in his possession another document that is not on this list and which he deems can serve as proof of productivity, he may alternatively present it to the insurer for validation with the IFAP

2- Tabulated Productivity
If it is not possible to use the historical productivity of the last 3 years, you can use Tabulated Productivity, using the productivity limits set out in the table published by the GPP (see Productivity Tables below).
Reference productivity table to be applied under the 2023 Crop Insurance system

Important note about Crop Insurance:
Ordinance No. 204/2021
Failure to comply with the obligation to maintain, during the period provided for in the insurance contract, the ownership of the parcels registered in the SIP in which the crops subject to insurance are included, or any other situation, which results in a difference between the area of the declared parcels and the verified, determines the proportional reduction in the amount of support relating to the parcels in question, calculated by applying the quotient between the area of declared and verified parcels, applicable in the year in which the non-compliance occurred. For more information on this Important Note, see Ordinance No. 204/2021

A claim is only indemnifiable when the loss value of an Installment/Sub-installment exceeds the minimum indemnifiable price (PMI).

By comparing two values:

• Losses – correspond to the sum of production outages caused by accidents of meteorological origin covered by the insurance. Calculated in accordance with the reference unit indicated in the insurance contract for the definition of average productivity – Parcel/sub-parcel, Budget(s) or UP).
• Average annual production = Average productivity X Safe area (Calculated according to the reference unit indicated in the insurance contract for the definition of average productivity – Parcel/sub-parcel, Budget(s) or UP).

– Through an expert opinion carried out by the insurance company.

– It is based on real production, with a limit on safe production.

– Horizontal insurance: equivalent to 80% of the damage actually incurred (20% relative deductible).

– Special insurance: variable (existence of absolute or relative deductibles, depending on the risk).

The deductible is the amount payable by the Insured in the event of a claim, which information is contained in the policy (in the case of Horizontal Insurance, for example, a relative deductible of 20% is applied for all risks).

Viticultural crop insurance aims to help protect the income of wine grape growers when they are affected by adverse weather events.

You can carry out the contract between January 1st and May 15th of each year.

Individual Insurance – means that whoever takes out the insurance is both the policyholder and the insured.

Collective Insurance – whenever the entity contracts the insurance on behalf of several producers (insured), being responsible for the payment of the premium and for the administrative issues of the process. It is considered a collective policyholder as long as it has at least 5 policyholders. If you choose a group contract, contact producer Organizations and Associations; Agricultural cooperatives; Regional Wine Commissions or Companies that carry out transformation/marketing.

It is defined, for those who comply with the established rules, that the State subsidizes the insurance premium in different percentages depending on the modalities and characteristics of the insured.

The support corresponds to the following percentages of the eligible amount:

For individual insurance contracts:

• Bonus of 75% of the Premium: in the event that the policy provides exclusively for coverage of adverse climatic risks similar to natural catastrophes;
• Bonus of 50% of the Premium, in the event that the policy provides for coverage of risks associated with adverse climatic phenomena not similar to natural catastrophes;

For group insurance contracts:

• Bonus of 80% of the Premium, in the event that the policy contracts exclusively the coverage of adverse climatic risks similar to natural catastrophes;
• Bonus of 50% of the Premium, in the event that the policy provides for coverage of risks associated with adverse climatic phenomena not similar to natural catastrophes;

30% PMI: Applies to 80% or 75% Bonus policies
5% PMI: Applies to 50% Bonus policies

Lightning action, Hail, Tornado, Waterspout, Frost, Snowfall, Sunstroke and Desavinho.

To these risks extra coverage can be added. Talk to the Atlas team or one of our brokers to find out what options are available that best suit your needs.

The value of the capital to be insured is obtained by multiplying the value of production by its price.

– Through an expert opinion carried out by the insurance company.

– It is based on real production, with a limit on safe production.

– Losses resulting from claims whose amount is less than 30% of the insured value (PMI) are not indemnified, in cases where the producer chooses to cover adverse climatic risks similar to natural disasters.

– In the case of group insurance, the entity representing the beneficiary producers must guarantee support to the producer in the event of an accident, namely in the follow-up of expert opinions.

Parametric insurance for Agriculture works based on indexes.

For example, limits are defined for temperatures or amounts of precipitation in a given period and region which, if any, correspond to the payment of a pre-determined indemnity.

For example, in a certain region, if it rains more than 70mm in 72 hours, a compensation of €5,000/ha will be paid.

Or

During the months of April and May in a given region, if there is night temperatures above 25°C for at least 3 days, there will be a compensation payment in the amount of 500€/Ha on the 2nd day and + 500€/Ha on the 3rd day to compensate for the estimate that the verification of these nocturnal temperatures causes during flowering periods.

In parametric insurance, payment will not be dependent on any on-site verification of damage to the crop, only on the verification of the agreed conditions, with no intervention by external entities such as experts.

The (official) stations that will serve as a reference are also agreed in advance.

The bank transfer can be made within a very short period (days) after the events have been verified.

Speak with the Atlas team or one of the brokers to find out about additional coverage, deductibles and other information necessary to take out this policy.

Livestock Insurance protects owners of cattle, sheep, goats, swine and equine owners against damages and losses arising from properly identified situations that lead to the death of animals or their theft or robbery.

Owners of cattle, sheep, goats, swine and equine farms.

– Possibility of transferring material damage (buildings), Civil Liability, Mortality and Consequential Damage to a policy.

– Coverage adjustable to the needs of breeders and the insurance premium adapted according to the species and aptitude of the animals, the management conditions and the capital and deductibles contracted.

– Possibility of taking out policies that cover a set of risks.

BASE COVERAGE:

– All risk of death

– Transport, Quarantine, Export ban, Reject extension

– Diseases: Slaughter due to high economic costs, slaughter by order of authorities, movement restrictions

ADDITIONAL COVERAGES:

– Mechanical failure

– Energy failure

– Removal of Corpses

– Heat stroke

Speak with the Atlas team or one of the brokers to find out about additional coverage, deductibles and other information necessary to take out this policy.

Biological Asset Insurance is intended to protect investments in orchard planting and agricultural production equipment.

It covers plants, wires, soil preparation and equipment installed in the field or in logistical buildings on the farm, such as the irrigation system, dams or ponds, among other equipment essential to the production unit.

BASE COVERAGES

– Fire, Lightning and Explosion

– Cyclonic wind, which at the time of the accident has reached an instantaneous speed greater than 100Km/h

– Detachment or collapse of earth, stones or rocks as a result of the previous risk

– Hailfall

– Flooding by rain, snow or hail

EXCLUSIONS

– Trees that present extensive pests or diseases and whose economic use is unfeasible;

– Trees that are dead or with poor growth as a result of the application of chemicals or the occurrence of drought;

– Trees that have burnt branches or branches, but that are not dead and whose regeneration is still possible.

Talk to the Atlas team or one of our brokers to find out about additional coverage, deductibles and other information needed to take out this policy.

The Rural Civil Liability Insurance protects the agricultural property in case it has to pay for damages caused to third parties resulting from accidents caused involuntarily, in the exercise of agricultural activity, including those caused by plant protection products and consequent financial damages.

– Allows you to select the capital that best suits the area of your property

– Also included are the costs of defense (courts and lawyers) of policyholders incurred by claims made against them.

– It also guarantees the loss of profits of the injured as a result of bodily and/or material damage;

– Coverage includes damage caused by the product, whether by incorporation into other products than those caused to the final consumer.

– It also allows you to complement protection with Rural Fire Insurance, among others

• Civil Exploration Liability
• Defense Costs
• Civil Liability for Sudden and Accidental Pollution
• Product Civil Liability
• Application of Plant Protection Products
• Civil Cross Liability (damage to other Insured)

Speak with the Atlas team or one of the brokers to find out about additional coverage, deductibles and other information necessary to take out this policy.

The GIS-based quote allows you to assign a quote to your agricultural insurance depending on the geographic location of the parcel, based on our satellite weather risk models.

– It is a highly flexible insurance quoting method, enabling the expedited creation of innovative insurance policies.

– Risks are evaluated using the most reliable meteorological data on the market, translating the climate reality of each producer’s parcel.

– It is the ideal solution for complementary coverage to Crop Insurance, such as extending coverage periods or adding new coverage.

Application Examples:

– Almond: Extension of the frost risk coverage period to include the flowering period;

– Sweet Potatoes: Additional coverage of persistent rain during harvest (watering and impossibility of harvesting).

The Greenhouse Structures Insurance guarantees complete protection for agricultural greenhouses, namely damage caused by weather phenomena.

Atmospheric discharge occurring between cloud and ground, consisting of one or more current impulses, which give the phenomenon a characteristic luminosity, radius, and which cause permanent damage to the insured goods.

Weather conditions that can be assimilated to natural disasters, such as frost, storms, hail, ice, heavy rains or severe droughts.

Bonus of insurance premium paid by IFAP under the Crop Insurance or Viticulture Crop Insurance.

Effects immediately or immediately resulting from rainfall that, due to its continuity and quantity, causes waterlogging of the soil, causing damage to safe production and, in general, throughout the municipality where the crop is located, with the following consequences:

– Root asphyxia, entrainment, uprooting.

– Physical impossibility of carrying out the harvest, since there must be clear signs of flooding that prevent it from being carried out until the deadline for coverage.

– Impossibility of proceeding with cultural operations due to losses in the crop parcel itself.

– Pests and diseases due to the impossibility of carrying out treatments whenever they are a consequence of the accident.

Set of parcels or animals used for the exercise of agricultural activities, subject to a single management.

Occurrence of low temperatures that, occurring during the phenological state «H» (fall of the petal), cause damage as a result of a decrease in viable fruit, and flowering in sufficient quantity to achieve safe production must also have occurred. Consider:

• Low temperatures: the average minimum temperatures, less than or equal to 5°C, which occur for 3 consecutive days.
• Viable fruits: those that, after physiological breaks or weeding, are able to grow under the appropriate conditions for commercialization.

Climatic conditions that can be compared to natural catastrophes, such as frost, hail, snowfall, tornado and storm surge.

Rupture of the cherry fruit epidermis in the ripe state, caused by the occurrence of precipitation.

Amount that is borne by the Insured in the event of a claim, which information is contained in the policy (in the case of Horizontal Insurance, for example, a relative deductible of 20% is applied for all risks).

Percentage value of the insured capital deducted from the amount to be indemnified.

Percentage value of the damage actually suffered deducted from the amount to be indemnified.

Formation of ice crystals in cell tissues as a result of sublimation of water vapor or cooling to below 0 °C of the surface of plants, when the adjacent air, not having sufficient moisture for the formation of ice crystals, causes tissue necrosis vegetables by dissection.

Precipitation of solid state water in spheroid form.

Accidental combustion, with the development of flames, originating from a climatic phenomenon, and which can spread by their own means, causing damage to the safe goods.

Type of insurance company that has underwriting authority of an insurer, performing certain functions normally administered only by insurers, such as: binding coverage, underwriting and pricing, appointment of agents within a specific area, and claims settlement.

Period between the beginning of the insurance and the date from which its coverage and guarantees can be activated.

The award of indemnity is subject to the verification, by insured and parcel or sub-parcel or set of parcels or sub-parcels, of accumulated losses greater than 20% of the average annual production of the insured crop in the parcel or sub-parcel or set of parcels or sub-plots. That is, to facilitate understanding, we usually popularize it as the “ON/OFF” button of the insurance, as it helps us to understand that it is from that % of loss that the insurance is activated. In other words, currently for Crop Insurance the PMI is 20%, which means that if the loss reaches or exceeds this %, the insured will see their loss compensated.

Falling of fine ice crystals, sometimes agglomerated into flakes.

Person or entity that owns the goods that constitute the object of the insurance, or that is interested in insuring them, and that is identified in the particular conditions of the uniform insurance policy.

Legal person that concludes the collective insurance contract or the producer that concludes the individual insurance contract with the insurance company, being responsible for the payment of premiums.

Very violent whirling storm, in the form of a cloudy column projected to the ground.

Effects immediately or immediately resulting from rainfall equal to or greater than 10 mm in the rain gauge in ten minutes, including damage resulting from flooding, provided that it results from rainfall occurring on site.

The set of agricultural, agroforestry or forestry parcels, continuous or not, that constitute a technical-economic unit, characterized by the common use of labor and production means, subject to a single management, regardless of the title of ownership, legal status and area or location.

Wind that at the time of the accident reached an instantaneous speed exceeding 80 km per hour or whose violence destroys or knocks down trees within a radius of 5 km surrounding the insured property.