The bee health plan covers colony losses caused by weather conditions or disease and pest infestation that occur during the overwinter period.
- Excessive moisture
- Excessive cold
- Excessive wind
- Ice damage
- Diseases and pests with no means of adequate control provided good management practices have been followed
Losses due to uninsured perils
Losses due to uninsured perils such as improper use of pesticides, third-party damage or spray drift are not covered by Production Insurance.
Losses caused by uninsured perils are not considered when a claim is calculated.
Calculating your coverage and claims
To calculate your guaranteed colonies, multiply your insured colonies by the level of coverage you choose.
Guaranteed colonies = insured colonies x chosen coverage level
Each year, Agricorp determines a choice of insurable values based on the average cost of a replacement nucleus colony. You choose an insurable value when you apply or renew.
How claims are determined
A claim payment is calculated by subtracting your surviving colonies in the spring from your guaranteed colonies, multiplied by your chosen insurable value. If the number of surviving colonies is less than your guaranteed colonies (after adjustment for any uninsured perils), a production claim may be paid.
Claims are calculated using this formula:
Claims = (Guaranteed colonies – surviving colonies) x insurable value
To calculate your total dead colonies, add 67 per cent of your weak colonies to your dead colonies. A weak colony consists of three or four eligible frames; 67 per cent of weak colonies will be considered dead for claim calculation purposes.
To calculate the number of surviving colonies, subtract the number of total dead colonies from your insured colonies.
Surviving colonies = insured colonies – total dead colonies
A beekeeper insures 100 colonies and chooses:
- 70% coverage.
- $200 insurable value
When overwintered hives are unwrapped:
- 50 colonies are dead
- 9 colonies are weak
In this example, the claim would be calculated as follows:
= insured colonies x chosen coverage level
= 100 × 70%
= 70 colonies
Total dead colonies
= dead colonies + (67% of weak colonies)
= 50 + (67% × 9)
= 56 total dead colonies
= insured colonies - total dead colonies
= 100 - 56
= 44 surviving colonies
= (guaranteed colonies - surviving colonies) × chosen insurable value
= (70 - 44) × $200