Farm Business: FBD Livestock Theft Insurance


As part of this week’s Farm Business series, we speak to Aileen Donoghue, Head of Marketing at FBD.

Farm Business: FBD Livestock Theft Insurance

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  • 1 year ago

As part of this week’s Farm Business series, we speak to Aileen Donoghue, Head of Marketing at FBD.

Official figures from the Department of Agriculture, Food and the Marine show that 125 cattle were stolen from farm located in the Republic of Ireland last year.

The reported incidents in question occurred from January to December 2016.

Data released from an Agricultural Crime in Ireland survey conducted by ICSA in conjunction with Waterford Institute of Technology, reported that two third of farm families have been affected by crime.

Livestock theft accounted for 10% of the types of theft experienced by survey participants.

Livestock Theft Insurance

Since April 2014, FBD has offered Livestock Theft Insurance and claims to be Ireland’s first insurer to off this livestock theft option.

‘‘We introduced the cover because of customer demand and feedback. FBD were unique in developing this insurance solution in the Irish farm insurance market in 2014.’’ Aileen Donoghue, Head of Marketing at FBD told That’s Farming.

The insurance is part of FBD’s multi-peril policy livestock offering.

The policy covers horses, cattle and sheep, but excludes poultry and pigs.

Benefits

‘‘ The FBD Livestock Theft Insurance provides protection for the full herd, there are no restrictions on out farms or rented lands and no restricted conditions in relation to security such as locked entrances, gates and/or CCTV.’’ Aileen added.

Insurance is available for all new and existing farm polices.

Taking precautions

Farmers are remained to take precautions when it comes to potential cases of theft.

Five tips have been provided by the IFA in order to improve security on the farm.

They can be found here.

Further Information

To obtain further information or to raise a query or to provide feedback, contact your local FBD branch.

Call 01 7 617 617 or 1890 617 617.

33 branch offices are located around the country.

You can request a call from an FBD representative to your farm in order to review you individual cover.

Assessment will include on-site assessment, tailored insurance plan and a free quotation.

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