Business Insurance Can an Herders Insured there Cows??

[Mataracy]

I know that my question sounds some how funny but I will like you to look keenly to what I want to say.

In some country like my own country Nigeria animal (Cow) were use to work in the farm and at the same time for business purposes that is; by selling them out to those that will kill them and eat.

Mainly what I wanted to bring out here is that; this business is a personal business which sometimes one may loose or gain and at the same time Cattle Rustler may still them.

Also some times the Herders may also use the Cow to destroy some bodies farm which may lead to fight and I believe if they had been insured the owner of those cows do not need to panic or run away since the policy has covered the cow and they insurance will pay for the damages caused by the Animals(Cow).

I asked this question because the clash between the Farmers and the herders used to cause havoc mostly in our country.

Is it possible for Herders to insured there Cows?

 

[btaliat]

This is very possible. There are some insurance companies that have animal instance policy. It is possible to secure the type of insurance under this type of insurance policy while others buy property insurance to protect their animals especially against theft and maybe in case of uncommon pest and diseases.

 

[Mandy96]

In my own believe. I think it is very possible for them insure their cows because it serves as a means of livelihood to them and also can called their properties because they rightfully own it. Without saying much about it, I guess one should be able to purchase some various kinds of insurance policies

 

[btaliat]

While trying to go for animal instance, there is need for the herders to consider the number of the animals. For instance, most insurance companies always reduce the price of the premium if the animals involved are many. Besides that, it will be wasting of time to be insuring just few animals.

 

[Phabbyfundz]

I think if there an insurance plan or policy like that it would be under farm insurance or livestock insurance. As this kind of insurance helps agricultural farmers livestock farms even farm produce manufacturer against any form of loss of an uncertain event or occurrence that may lead to loss of life of the livestock.

 

[Good luck]

It is very possible for headers to insure their cows in case of theft or fire outbreak.it is also part of insuring ones business or property because of unforseen event or circumstances that may come up.People that insured their cows have great advice benefits than those that did not because they are at risk or loss if anything happens to their animals.

 

[Nite]

Yes, herders can insure their cattle. I think it'll come under Livestock insurance, in which herders can protect themselves against unexpected loss of their cattle animals through injury, or unexpected death while on their ranch or in transport. With this insurance, cattle rearers get the right protection for their livestock from the unexpected.

 

[btaliat]

I think if there an insurance plan or policy like that it would be under farm insurance or livestock insurance. As this kind of insurance helps agricultural farmers livestock farms even farm produce manufacturer against any form of loss of an uncertain event or occurrence that may lead to loss of life of the livestock.

Yes. We have insurance that covers for the protection of animals. Some insurance companies do this under animal insurance while other do it under property insurance just because animals are seeing as property in some countries. As well some people may still insure it as business since rearing is considered as business as well.

 

[Alexandoy]

I have a friend who owned a poultry and piggery farm before and I know that their farm was insured. With the cattle more likely there is also an insurance for the herd but that would depend on the kind of ranch. An open ranch (with no fence) has higher risk not only of mortality but also for theft. A clean and well cared for ranch is one requirement.

 

[btaliat]

There are some factors that insurance company may consider before they also want to partner with farmers that want to buy this type of insurance policy. I don't think insurance will like to go into this if the hearers will be nomadic. This is because there will be more chance of exposing the animals to dangers.

 

[Chibson]

It is quite possible even though, I have not really seen such before. there maybe insurance companies that specialises in this kind of deals and I think it is worth it because you do not have to worry about your cow missing. The insurance company will also go be careful because cows can easily be rustled especially if it's not in a ranch.

 

[Wisdom01]

I think there is livestock or animal insurance policy , so it's very possible to insure them against that type of risk you have stated , many even insure the animals against thefts , illness and so many more risk that are available and can be insured against , make your findings on the insurance company that best offer such coverage