Acadia Expands Agribusiness Product Line
Now offers an array of bundled products for farming and commercial growing accounts
WESTBROOK, Maine — January 12, 2010
Acadia Insurance announced today that it is offering a complete range of bundled products for the agribusiness industry throughout New England and New York.
Acadia's agribusiness target markets include: horse, dairy, cattle, sheep, grain, hay, wheat, vegetable, tree and turf farms, aquaculture (fish farms), estate farms, vineyards, as well as owneroperated farms that include packing. "At Acadia, we see agribusiness as a true specialty industry," said Acadia Agribusiness Manager Michael J. Hrabovsky. "It is a fascinating field that is a driver of local economies and a healthy resource for our communities. And as such, we've carefully built and refined Acadia's capabilities to meet the marketplace needs as farms become more sophisticated, organic farms multiply and
consumers prefer to buy locally grown fresh products."
For example, Hrabovsky cited a recent Organic Trade Association manufacturer survey showing that U.S. sales of organic food and beverages have grown from $1 billion in 1990 to an estimated $20 billion in 2007.
Hrabovsky joined Acadia last July with more than 20 years of agribusiness underwriting and marketing experience. As head of the program, he will operate out of Acadia's Syracuse, New York, office and will be traveling extensively throughout the northeast region.
"Acadia's complete agribusiness product line builds on the expertise and success that we've developed in this industry over the last 15 years within the W. R. Berkley family of companies," Hrabovsky said.
Acadia's Agribusiness Program offers the following array of products:
- Farmowner's Package Policy
- Farm CGL and related endorsements
- Inland Marine
- Workers Compensation (in most states)
Additionally, the following classes may be considered based on account specifics: "U-Pick" operations, hobby farms, exotic animals and maple syrup operations. Classes not for consideration include poultry, pig and tobacco farms. For more information, please contact Mike Hrabovsky at 866-497-4697 ext. 2964 or visit www.acadiainsurance.com.