Bee Overwintering Insurance
This program provides coverage for the loss of bees, in excess of normal losses, resulting from naturally occurring perils beyond management control.
Clients must be registered, operate under, and meet the requirements of the Bee Act in Alberta. Clients do not need to participate in Honey Insurance to qualify for this program.
Coverage begins November 1 and ends May 15. All hives overwintered in Alberta by the client must be insured and clients must have a minimum of 100 insurable hives.
Bee Overwintering Insurance has two options for dollar coverage per hive, a high price and a low price, and applies a 90 per cent coverage level to the client’s individual coverage survival rate. The province is divided into four risk areas and coverage and premium is based on these risk areas.
Newly insured client coverage is calculated using the Risk Area Survival Rate using the coverage calculations below:
- Number of insured hives x survival rate x 90 per cent coverage level x dollar coverage per hive
- Risk Areas 1, 2, 3 = number of insured hives x 80 per cent x 90 per cent coverage level x high or low dollar coverage
- Risk Area 4 = number of insured hives x 70 per cent x 90 per cent coverage level x high or low dollar coverage