Phone: 0800 476 346

Farm Risk Management

As a farmer, you know only too well just how unpredictable life can be... Not only is one up against the elements, there are other factors that contribute to this 'unpredictability'. Besides the day to day risks associated with manual labour, there are the risks presented in our modern society, such as heart disease, cancer and stroke. Suffering a major medical event or serious accident could have disastrous financial implications for any farming family.

ACC Cover Plus Extra

For some time, ACC has recommended that self-employed individuals, in particular farmers, should have greater certainty at claim time. Thus, CoverPlus EXTRA was developed with this very outcome in mind.

ACC CoverPlus Extra is an optional product that enables the self-employed and non PAYE shareholder employees to negotiate a 'pre-agreed level of lost earnings compensation'. This benefit will ensure that you know exactly how much you will receive each week, if you are injured and unable to work – whether the injury is work-related or not. ACC CoverPlus Extra will replace your standard ACC CoverPlus product.

ACC CoverPlus Extra

ACC CoverPlus Extra Online Application

ACC CoverPlus Extra Calculator

We will work with you and your accountant to find the best ACC solution for your circumstances and needs.

Farm Revenue Protection

Of recent times, insurance providers have sought to offer farmers benefits that match the changing financial needs of families. Having funds available to employ additional labour to step in to a farmers boots to continue day-to-day operations, is a critical component of any farmer's risk portfolio.

REAL Income Protection

Rural Key Person Plan

Insurance cover is a vital contingency plan for any farmer. It can take just one setback to jeopardise years of hard work. AgriBusiness Risk Protection aims to protect the financial viability of a farm, when a farmer is unable to work due to disability. Having access to a lump sum payment should a farmer become permanently disabled, suffer a traumatic condition or pass away, is essential.

Lump Sum Benefits

· Term Life Cover
· Trauma Cover
· Total & Permanent Disability Cover

Health Insurance Plans

Having access to private health care is critical for anyone who is self-employed. Waiting to be treated through the public health system could have significant financial implications, when private health care could see a farmer treated, fully recovered and back at work within a much shorter time frame.

Talk to the team at GROFIN - we have access to a number of leading Health Insurance Plans.

Farm Succession Planning

Planning for succession is a vital step in the process of managing a farming business for future generations. This process allows you to anticipate and prepare for traumatic events, such as early death, divorce or disinterest, whereby a family member decides to quit farming.

Benefits of a Succession Plan

· Planning for an income at retirement;
· Time to develop the farm to support an incoming generation;
· Ensure that the family farm will continue as a viable business;
· Strong motivation to include the younger generation's input; and
· Incentives to explore and develop off farm alternative assets.

"The future depends on the present, not the past."