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The classes of insurance underwritten by Catlin include property, general liability, professional liability/indemnity, energy, aviation, marine hull and cargo, accident and health, specie, satellite, equine and livestock, product recall, construction and engineering, motor fleet, and inland marine.
Crop insurance is a risk-based program that currently [when?] covers more than 100 crops [citation needed] and does not make annual subsidy payments to farmers. When crop insurance does supply monetary payments to farmers, the payments come in the form of indemnity checks that restore a portion of an actual loss.
The Livestock Indemnity Program (LIP) is a program periodically authorized and funded on an emergency basis by Congress to compensate livestock producers for losses caused by a natural disaster. Under the program, a payment is made to help producers defray the cost of replenishing their herds when livestock are killed by a natural disaster.
Index-based insurance, also known as index-linked insurance, weather-index insurance or, simply, index insurance, is primarily used in agriculture. Because of the high cost of assessing losses, traditional insurance based on paying indemnities for actual losses incurred is usually not viable, particularly for smallholders in developing countries .
The payment rates under the LCP were $31.50 per adult dairy cattle, $18 per adult beef cattle, $13.50 for certain livestock over 500 lbs., and $4.50 per sheep or goat. Payments were limited to $40,000 per person, and were not made to any person with qualifying gross revenue over $2.5 million.
In February 2012, Markel's Camp Insurance Program joined forces with CampDoc.com, an electronic health record system for camps, to help summer camps reduce risk and liability and to ensure the health and safety of kids while at camp. [20] In June 2012, Markel Direct expanded product range into charity and community group risks.
Farmers Insurance Group (informally Farmers) is an American insurer group of vehicles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 48,000 exclusive and independent agents and approximately 21,000 employees.
Commercial lines products are usually designed for relatively small legal entities. These would include workers' compensation (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply ...