Hub International Limited (HUB) has introduced a new livestock insurance program in Canada, expanding its agribusiness portfolio with tailored coverage for farm animal risks.

The new product, HUB Livestock Insurance, is structured as a scalable program with sub-segments for equine, poultry and egg, dairy, and cattle, with more in development. Coverage spans mortality, disease, theft, property and casualty, and transit-related losses. 

HUB said many livestock operators face challenges securing adequate protection, with limited advisory expertise and coverage options that do not reflect the complexities of animal-based businesses.

"Our HUB advisors bring specialized expertise, proprietary resources and a sector-focused approach to closing coverage gaps and strengthening the long-term resilience of livestock operations," said Marc Chouinard, HUB national practice lead, Agribusiness Canada. "HUB Livestock Insurance underscores our commitment to  understanding the challenges our clients face and addressing them with innovative, forward-looking solutions."

The program was developed with Specialty Program Group Canada (SPGC), a platform for specialty insurance, underwriting, and brokerage services.

Livestock insurance remains a relatively niche but growing line in Canada’s agribusiness sector. Traditional farm policies typically bundle coverage for buildings, equipment, and liability, but animal-specific risks such as mortality, disease outbreaks, or losses in transit are often excluded or subject to restrictive limits.

In recent years, demand for more tailored livestock coverage has risen as producers contend with risks linked to animal health, climate change, supply chain interruptions and biosecurity concerns. 

While federal programs like AgriInsurance offer some production risk coverage, private insurers and brokers have increasingly sought to fill the gap with products that address livestock-specific exposures. Competitors such as Co-operators and Western Financial Group also provide farm and livestock solutions, but most offerings remain limited compared to specialized programs emerging from larger brokerages.

HUB’s move signals a broader push by global intermediaries to carve out a larger role in Canada’s agricultural insurance market, particularly as producers seek more sophisticated coverage in response to evolving risks.

Source - Insurance News