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Seed Inventory Insurance Program

Protect against loss of branded seed products and containers

Hays Insurance     Hays Companies is pleased to offer Seed Dealers a convenient and cost-efficient option to protect against loss of LG Seeds branded seed products. LG Seeds, dealers may enroll by submitting a simple online application at no up-front cost. Premium payment will be reflected in the dealers account at the end of the crop season, based on their final crop year end sales.

 

Program Features

  • • Allianz an A+ Rated Insurance Company
  • • High Customer Satisfaction – program has served customers over 12 years
  • • Limits up to $5,000,000 any one loss or occurrence
  • • $500 Deductible

Advantages

  • • Savings up to 50%
  • • Peak Season Inventory insured up to $5,000,000
  • • Year-round program, no need to re-enroll
  • • 24/7 Claim Service, loss paid on delivered invoiced price

Broad “All Risk” Coverage Including

  • • Fire, Windstorm, Collapse, Theft, and other Perils
  • • Flood up to $2,000,000 (except excludes Zones A or V)
  • • Inventory in Transit up to $300,000 any one conveyance
  • • Multiple Locations
  • • Subject to policy terms, conditions, and exclusions

LG Seeds, its subsidiaries and affiliates are not acting as an insurer and shall have no liability for such losses.

Convenience

  • • Single Premium Payment from dealer account
  • • No Reporting - Crop year-end sales reported automatically by LG Seeds
  • • Online Access– Dealer will be able to enroll, view, and print Evidence of Coverage

Program Premium

  • • Based on Crop year end Sales (provided by LG Seeds) x $1.15 per $1,000 of Invoiced Seed
  • • Accounts must be settled by July 15, 2015

Policy Term

  • • August 1, 2014 to August 1, 2015 renewed annually thereafter unless cancelled

How to Enroll

Claims Reporting

  • • Claims must be reported immediately to Allianz Global Corporate & Specialty at 800-558-1605; Fax 888-232-6450 or Email fnolmarine@agcs.allianz.com

Customer Service

  • Hays Companies – Ag Desk
    80 South 8th Street
    Suite 700
    Minneapolis, MN 55402
  •  
  • Phone: 877-316-4297 or 612-333-3323
  • Fax: 612-323-7270
  • Email: agdesk@hayscompanies.com