Production Insurance
Bee Health

Rates

​​​​​​​These premium rates are provided for information purposes only. For your own rates, refer to your invoice.

2020 Premium rates and claim prices

Premium rates are determined at renewal time each year. These may change due to factors like past performance of the plan, changes to claim prices and the level of the Production Insurance Fund.

Insurable values
$/colony)
Premium rate by coverage level
($/colony)
60%70%
$155$3.91$5.98
$200$5.05$7.71

​Insurable value

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.​

Calculating your annual premium

  • Premium rate
  • Number of insured colonies

Annual premium (AP) is calculated using this formula:

AP = premium rate x total number of insured colonies







Canadian Agricultural Partnership – Agricorp – Ontario – Canada