Our horticultural insurance program covers greenhouse growers, nurseries, hemp growing, retail garden centers, hydroponic farms or any combination, providing greater capacity, more pricing flexibility, enhanced stock coverages, more customized risk control and even better claims service.
Let us put our 30+ years of green industry experience to work for you! The agriculture & growing industry are changing rapidly and GrowPro is here to make sure our greenhouse grower and nursery business owners have the latest resources available to them. Whether it’s a hydroponic farm, floriculture and ornamental nursery, retail garden center, or even a hemp growing operation, GrowPro provides expert guidance on greenhouse insurance coverages and risk control, plus proper valuation of your client’s operations, property and equipment.
Better 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.
Eligible 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
$10,000
Why Work With NIP Group?
- The Green Industry Experts For More Than 30 Years
- Carrier Rated A+ (Superior), Financial Size XV by A.M. Best
- Specialized Coverages Not Available Through Typical Products
- World-Class Risk Control Services
- Expert Claims Handling
- Flexible Payment Plans
- Competitive Rates
- Superior Customer Service
Horticultural 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)
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
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.
Horticultural Resources
Access our FULL library of program resources & supplemental applications
Featured Content
September 22, 2021Should You Cobrand With an Insurance Carrier?
Co-branding and white labeling marketing material is a great way to boost your sales without having a massive marketing budget. In this article, we discuss how you can develop marketing collateral by leveraging your relationship with an insurance carrier.
Read More
September 15, 2021The Importance of Loss Control Services for Commercial Insureds
Loss control and risk management can help your clients expand their businesses by avoiding claims that could potentially put them in a compromised position. Learn more about how you can help influence your clients to develop a strong loss control culture.
Read More
September 8, 202112 Ways to Manage Work From Home Agency Employees Who Are Underperforming
Work from home employees are now more common place than ever before. While staff working from generally are as productive (if not more) as they would be in office - what happens when you come across underperforming employees? Here are 12 tips to help you motivate your team.
Read More