Solutions

AgriGap

Assessing the unique risk needs of the agricultural industry.

Marsh provides agriculture clients with AgriGap, a risk assessment tool specifically developed for agri-businesses. This supports better risk management and improved insurance placement outcomes.

Undertaking a detailed operational assessment, Marsh provides a holistic view of your operation that includes: Analysis of operational hazards, site facilities/construction, risk management planning and control systems, health and safety, biohazard programs, property protection, security, site services, and environmental and natural hazards.

By benchmarking and analyzing companies to best practices in the industry, AgriGap provides clients with a method to facilitate continuous improvements in managing risk for agricultural operations.

AgriGap Scoring

The AgriGap assessment is based on 10+ years of proprietary data collected through sources including industry best practices, client feedback, claims, and engineering surveys conducted across all agricultural industries.

Based on inputs, AgriGap provides a score that suggests areas an organization may want to focus on. The score reflects the unique nature of the industry and clients’ specific locations. For example, if a location includes a fertilizer warehousing risk then a sprinkler system activation would be a consideration.

Additionally, the AgriGap scoring system progresses yearly to support continuous improvement.

Over time, Marsh agriculture clients have found that AgriGap:

Provides a measurable means to assess risk management performancefor internal governance.
Enables benchmarking across locations and against peers.
Allows them to stay current with changes in risk improvement trends and best practices within the industry.

Market Readiness Assessment (MRA)

Today’s underwriters are more data driven than in years past. The MRA reviews the adequacy of submission data by assessing it in a way that an underwriter would likely use the data to determine pricing and their risk appetite. From there, we can identify data quality improvements that can improve underwriting outcomes.

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Structure and Finance Your Risks

When it comes to risk transfer and risk financing strategies, business leaders need dynamic solutions. Our Advisory specialists, in concert with our insurance broking colleagues and backed by our innovative Blue[i] Analytics solutions and industry-leading data, can help guide you as you develop a strategic view of your risk portfolio, benchmark yourself against industry peers, and build or improve your insurance program

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Policy review

Many insurance policy questions arise in the agricultural sector, due in large measure to underwriters’ focus on the industry and its historical loss experience. While policyholders are often unaware of these conditions, in some cases they can negate coverage. We can review your policy for subjectivities and warranties, communicate them to your operational teams and include an assessment of conformance when we undertake the AgriGap site visits.

ESG self-assessment

Environmental, social, and governance (ESG) issues are becoming a consideration for many carriers, and are expected to increasingly impact underwriting. Marsh can provide an ESG self-assessment, which can help identify how insurers may be assessing your ESG performance. In addition, an ESG supplemental review can be added to the AgriGap assessment to evaluate activities such as animal handling and welfare, waste management, and worker safety and welfare.

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For more information about AgriGap and how its benchmarking supports insurance submissions to help clients achieve improved outcomes, contact your Marsh advisor.

Why Marsh

Our Food and Beverage industry team, with over 150 dedicated colleagues, offers risk advice and places insurance on behalf of more than 6,500 companies, including 8 of the Top 10 food retailers in the US.

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AgriGap

Insurance

Solution

Knowledge

Marsh provides agriculture clients with AgriGap, a risk assessment tool specifically developed for agri-businesses. This supports better risk management and improved insurance placement outcomes.

The four main risk categories assessed include:

Building and infrastructure

Process and operations

Risk management programs