So far, 2017 has been a bad year for many Swiss agri- and horticultural companies regarding damages due to extreme weather. This has been reported by the Swiss farmer's insurance company Schweizer Hagel. Their 2017 interim balance shows 8,000 reported claims and around 35 million francs (30.7 million euros) in damages.
With 30,000 agricultural companies and special cultures, worth 2 billion francs (1.8 billion euro), insured by Schweizer Hagel, the majority of the agricultural companies and special cultures in Switzerland are insured against weather extremes. This harvest insurance covers up to 15 risks or elementary damage like: hail, flood, perspiration, landslide, fire and lightning, earthquake, storm, snow pressure, drought, frost, aggravation, cereal spoilage, greenfeed failure and restoration costs of the cultivated land.
Source: www.hagel.ch
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- HR Generalist
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