Cherkizovo Group insured over 15 million heads of poultry and 1 million pigs at RSHB Insurance.
Cherkizovo's livestock inventory is estimated at $120 million according to the insurance signed by RSHB Insurance. The company decided to protect itself from any unforeseen event and insured over 15 million heads of poultry and 1 million pigs.
RSHB Insurance is part of the Russian Agricultural Bank Group. Based on the data of the Bank of Russia, the company ranked first in Russia’s agricultural insurance in 2018.
The poultry of Lisko Broiler, Chicken Kingdom, Altaisky Broiler and Cherkizovo-Pork pigs in the Voronezh, Lipetsk, Orel, Penza, and Tambov regions as well as in the Altai Territory were insured under the relevant contracts for a total of RUB 7.9 billion ($120.5 million).
The contracts are to cover the following risks: diseases (including infectious, noninfectious and noncommunicable diseases), forced slaughtering, disposal, fire, poisoning, accidents (including asphyxia and heat stroke), natural disasters, interrupted power, heat or water supply, and unlawful acts of third parties. Insured events include death (mortality) and forced slaughtering or loss of livestock and poultry caused by the above events.