Leadway Assurance currently provides Agric cover for the below agric-tech platforms

**Note

Please note that we do not cover any other farm asset outside this list.
Also, kindly be informed that we DO NOT guarantee safety of your funds if lost due to agri-business failure in which you have willingly invested.
Before taking the risk of investment, kindly contact an independent investment advisor or broker for advice and information

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FAQ

What is Agric. Insurance?

Please click here to learn more about Agric. Insurance.

‘Please note that individual investor’s funds and the returns thereof are not covered as the subject of this insurance.’ What does the above statement imply?

It simply implies that Leadway Assurance Co. Ltd only provides cover (over a particular period of time) for specified risks, e.g. Poultry risks, against insured perils (e.g. death of birds due to Fire, Flood, Diseases) as stated in the Insurance policy document issued to a farm and not on individual investor’s funds and the returns. The insurance contract is effected in the name of the Agritech tech platform and not in the name of the individual investor. Therefore, it’s the Agritech platform that have a right of compensation/claims recovery from the insurance contract when a loss occur, the individual investor therefore cannot claim under the policy. i.e. the insurance contract.

Does it mean the insurance policy does not cover the capital (sponsorship) as stated on the Farm’s/Agri-tech Company’s website?

It simply implies that Leadway Assurance Co. Ltd only provides cover for risks to the insured farm (e.g. ginger crop) against perils stated in the Insurance policy document issued to the Agric-tech Company and not on individual investor’s funds and the returns. Therefore, an investor cannot claim under this policy. In the event of a loss of the Agric project, Leadway’s Assurance Company limited liability is limited to the amount invested in an agric project by the Agritech platform and insured with Leadway after crowd funding from the investing public. For example if the sum of N100, 000,000 was crowd funded form the investing public and the Agritech platform invests only N50, 000,000 of this amount in an agric project that is insured with Leadway, our liability in the event of a loss will be limited to the N50, 000,000 and not to the N100, 000,000 crowd funded from the investing public.

Does it mean that an investor will lose everything if the crop is lost, funds and returns?

If the Agritech platform sincerely invests the investors fund in an agric project and insures same with Leadway, and the insured farm suffers a loss as a result of the perils stated in the insurance contract, Leadway will pay the benefits to the Agritech platform. It is expected that the Agritech platform will in turn pay the investors from the compensation paid to them by Leadway. If this is done, the investor’s capital to an extent is protected. It is important to reiterate that our contractual obligation is to the Agritech platform and not to the individual investors.

I cannot find the name of the farm I am interested in on the list but they claim they are insured by Leadway on their website.

Please note that if the name of the farm is not on the list it can mean:
1. The farm is operated with an online name different from the registered business name. Please revert to the online farm to provide you with their registered business name.
2. Only Agric insurance covers are listed on this page. Other insurance covers such as Marine and Goods in Transit are not listed here.
3. The farm is currently not insured by Leadway.

What does the farm property and produce insurance policy cover?

Farm property and farm produce Insurance covers loss or damage to agricultural produce and the property stored at the insured’s warehouse, arising from insured perils such as;

Fire
Lightning
Windstorm
Flood
Aircraft
Burglary/House Breaking
Impact
Earthquake
Malicious damage
Bushfire

Is it possible for me to secure my investment with Leadway as an individual, even if the Agro Company has insurance with Leadway?

Leadway Assurance Company Ltd. does not secure individual investment in this way. For information on various insurance products offered by Leadway Assurance, please click here

What if I want to get insurance for my farm?

Please send us a mail at and we will contact you.

Does the insurance cover this period of COVID-19 pandemic and the challenges in Nigeria?

Note that loss or damage to the insured crops/livestock/poultry/farms directly or indirectly attributable to or caused by the adverse consequences of the outbreak of the COVID-19 pandemic which in turn affects the management or operations of the farm is not covered by the policy.

WHY LEADWAY?

Capacity to pay claims: In the past five years we have paid over N92 billion in claims. Solid financial reputation: With an asset base of over N270 billion, we remain Nigeria’s strongest insurer. Easy Claims Settlement: We tell no stories when you make claims, we pay imediately your claim is verified. Customer Care: Our customer service representatives are always available to attend to your inquiries.