Horticultural Insurance
the industry specialist – GrowPro®
Grow your Horticultural Book with GrowPro
GrowPro is the largest program of its kind and is rated “A+” by A.M. Best, so brokers and their insureds benefit from its strength and stability and greenhouses and nursery growers will enjoy the security they need to focus on successfully growing and running their businesses.
Eligible Horticultural Insurance Risks
- Greenhouse Growers
- Nurseries/Nursery Growers
- Garden Centers
- Hydroponic & Aquaponic Growers
- Hemp (Property & Auto coverage)
- Program is admitted and written in all states
- Minimum Package Premium of $10,000
Better Horticultural Insurance Coverage By Design
- Hydroponic Endorsement
- Growing Stock Endorsement
Horticultural Insurance Coverages
- General Liability – Premises and Operations (limits up to $1M per occurrence/$2M aggregate)
- Auto Liability (limits up to $1M per occurrence/$2M aggregate)
- Property, including Equipment Breakdown (limits up to $15M per location)
- Product Liability (limits up to $2M)
- Umbrella Liability (limits up to $15M)
- Contractors Pollution Liability
- Employment Practices Liability
- Cyber Liability
- Workers’ Compensation (Statutory Limits)
Why Work with NIP Group?
30 Years
A+ (Superior)
Industry Expertise
Specialized Coverages
Competitive Rates
Superior Customer Service
Better Tree Service Insurance Coverage By Design
Description: Added benefit of providing horticultural insurance coverage for “Growing Stock” which is defined in the cover and which is otherwise excluded in policy. Coverage extension also includes “Processing water” which is a key component in the hydroponic industry.
Claim Example: Your water piping system within the operation breaks and you loose the water which was contained inside. Without this horticultural insurance coverage, you will not be indemnified for the value of the water as water is excluded from Property policies.
Description: Added benefit of providing coverage for “Growing Stock” which is defined in the cover and which is otherwise excluded in policy. Also provides a $250,000 limit to growing stock while temporarily removed from “your” greenhouse, or other buildings and within a 1,000 ft. of greenhouse, structure or building and is being prepared for sale or delivery
Claim Example: The growing stock is removed from the greenhouse and no longer contained within a structure, once the growing stock is removed from protection by a structure or outside it is no longer covered.
Get Started as a GrowPro Broker - Submission Requirements
- Completed and signed ACORD applications
- Completed and signed GrowPro Supplemental
- FEIN Number
- 4 years of currently valued, hard copy loss runs for all lines of business being requested
Resources
Access our FULL library of program resources & supplemental applications
Meet our GrowPro Program Manager
Daniel Guida
Daniel serves as Program Manager for the GrowPro program with 25 years of P&C experience with extensive experience providing small to mid-sized businesses with comprehensive assessments of their financial wellness and insurance needs. Daniel earned his degree in Economics from Montclair State University.