Production Insurance


​​​​​​​​​​​These base premium rates are provided for information purposes only. For your own rates and for any surcharge or discount you may have, please refer to your renewal notice or coverage confirmation.

2023 Premium rates and claim prices 

Claim price
Premium rate by coverage ​level

Calculating your annual pre​​​​mium

Your annual premium is ba​​sed on:

  • Base premium rate
  • Reported number of hives
  • Discounts and surcharges (D or S)

The premium is calculated using t​​his formula:
Annual premium = base premium rate × reported No. of hives × D or S

Base premium ra​te

The base premium rate is determined at renewal time each year. It may change due to factors like past performan​​ce of the plan, changes to claim prices and the level of the Ontario Agricultural Products Insurance Fund.

Reported number o​​f hives

This refers to the number of​​ established hives you report.

Discounts and sur​​charges

If you have been enrolled in a Production Insurance plan for more than one year, your premium rate may be discounted or surcha​​rged. Discounts and surcharges are determined by comparing your individual claim rate to the claim rate for the crop plan as a whole.​

Please refer to the Discounts and Surcharges feature sheet. 

Canadian Agricultural Partnership – Agricorp – Ontario – Canada