Achmea Farm Insurance’s new Stud Stock Insurance Portal enables farmers to insure their bulls and rams in minutes, evidenced by South Australia’s Phillips Cattle Company
Achmea Farm Insurance recently launched its new Stud Stock Insurance Portal, a convenient way for stud stock buyers to insure their stud animals online.
In recent years, Achmea Farm Insurance says there have been record-breaking bull sales for several key breeds, pointing to Australian farmers’ growing investment in elite genetics.
Reflecting this trend, the average insured sum for bulls covered by Achmea Farm Insurance last year exceeded $50,000.
Drawing on its specialist claims experience, Achmea Farm Insurance reports that common stud stock insurance claims include animal illness or physical failure – including disease or deterioration – infertility-related issues, and accidental or traumatic injuries, including those that may occur during handling or transit.
Given the high value of these animals, the financial impact of a single incident can be substantial.
To help farmers protect their investments, Achmea Farm Insurance has developed an online portal that enables farmers to insure their stud stock more easily following purchase, regardless of whether they purchase their animals online or on site at an auction.
“Australian farmers and stud breeders manage a wide range of risks every day, but some exposures can’t be controlled,” Achmea Farm Insurance chief client officer Glenn Rosbrook says.
“Transporting animals after a sale carries inherent risk, even with careful planning. Severe weather events – as seen with recent Queensland floods and Victorian bushfires – can also impact livestock with little to no warning.
“Our new Stud Stock Insurance Portal makes it easier for farmers to insure their valuable genetics, providing a convenient and flexible way to arrange cover when it is needed.”
Jake Phillips from South Australia’s Phillips Cattle Company is one farmer who has already had a positive experience with the Stud Stock Insurance Portal.
“As someone who regularly invests in high-value livestock, we recently used the new Achmea portal and found it genuinely straightforward,” he says.
“We’ve been Achmea clients for many years and, unfortunately, had to make a claim on a high-value bull that passed away suddenly in 2023. We were extremely relieved by the care and professionalism we received, and the claim was settled promptly, allowing us to replace the bull within a matter of days.
“Now, with the new portal, arranging insurance is one of the first things we do, even if we’re still at the sale or bidding online. Within minutes of purchase, we can have cover in place on our phone. That removes a lot of stress for us around transport and those critical first few weeks post-sale when lots can go wrong.
“When you’re investing serious money in genetics, that immediate peace of mind is incredibly valuable. It allows us to bid with confidence, and the portal was just so easy to use.”
How to access the portal
The portal can be accessed at www.achmea.com.au/online-cover and is open to all Australian stud stock buyers.
It provides online cover for stud bulls and rams valued up to $100,000, with no need to be an existing Achmea client.
For animals valued above $100,000, buyers can contact Achmea Farm Insurance directly for tailored cover by calling 1800 724 214.
Stud stock insurance – policy benefits*
- Flexible cover terms: 3, 6 or 12 months
- Three levels of cover: from mortality (including transit) to accidental loss of use, sickness and disease
- Access to Achmea Farm Insurance’s dedicated policy and claims support teams.
*Insurance issued by Achmea Schadeverzekeringen N.V. (Achmea) ABN 86 158 237 702 AFSL 433984. This information is general information only and does not consider your individual objectives, financial advice or needs. Read the Stud Stock Insurance Policy Wording available on www.achmea.com.au/important-documents before making any decisions.
