Crop Haven’s™ Over and Above Coverage™ includes unique ‘must have’ coverage to protect indoor and outdoor growers and processors from revenue loss, crop spoilage and repair or replacement costs in the event of any breakdown or failure of any grow related equipment.
In addition to covering parts and labor to repair or replace broken or failed equipment, any resulting spoiled crop will be reimbursed at wholesale price (not cost), and all salaries and business expenses (including funding payments) will be paid during the time required to re-grow the crop and/or repair or replace the equipment.
This is the ultimate form of business interruption and property coverage – not available elsewhere – ideal when working with perishable goods where equipment can malfunction, crops can spoil, and the loss could otherwise be difficult to recover from.
Equipment breakdown or failure and resulting crop spoilage is highly underestimated – many are under the impression that it won’t happen; however, if it does, a single unforeseen event is often more than enough to destroy the business.
Often, when equipment fails, crops are lost in the process and things add up quickly. To make matters worse, as long as the equipment is down, revenue is lost. Crop Haven’s™ Over and Above Coverage™ ensures business will be back to full operation as fast as possible.