Production insurance for flower bulbs

Production insurance helps producers manage the risk of crop losses caused by hail, spring frost, excessive rain, flooding, drought, etc.

Flower bulb crops eligible for purchase of production insurance coverage include:

• Daffodils
• Tulips

How to apply for flower bulb coverage

To apply, please make an appointment with a production insurance representative (see offices listing on the right of this page).

Review the following forms to prepare the application. These forms don't need to be filled out prior to the appointment and can be completed with the assistance of a representative.

• Application for continuous production insurance (Schedule A) (PDF)
• Tax reporting form (Schedule A-1) (PDF)
• Land inventory (Schedule L-1) (PDF) If the land is leased or rented, a legal lease or rental agreement must be submitted with the application. 
• Farm map(s) (Schedule L-2) (PDF)
• Flower bulb field inventory (Schedule F-9) (PDF)
• Flower bulb additional warranties (Schedule W-4) (PDF)
• File a Notice of Loss (PDF)

* The application and payment deadline is October 31.

Renewing production insurance

It's recommended you contact a production insurance representative when it's time to renew.

Coverage, options and premiums

After the offer is written, we'll send an offer statement of premiums and coverage (SPC), and an options report which details available coverage, options and premiums. Contact us if you require any assistance in choosing coverage, options and premiums:

• The 20 percent deductible (minimum) is the lowest amount of coverage available and means 20 percent of flower bulbs must be lost before there is a claim paid
• The 10 percent deductible protects a larger portion of flower bulbs

Once you have chosen the deductible (10 or 20 percent), you can choose to increase the value you are insuring the flower bulbs for from 80 to 100 percent of the (calculated) value. The 100 percent (calculated) value increases the amount for which flower bulbs are insured.

Flower bulb policy wording

Flower bulb policy wording (PDF, 1.9MB)

How to pay for flower bulb coverage

Once you have chosen coverage, options and premiums please sign and submit the:

• Offer statement of premiums and coverage
• Options report(s)
• Payment. Pay using Debit, Visa, MasterCard, cash or cheque payable to the Minister of Finance. Credit card payments are accepted over the phone.

 For the most up-to-date and accurate information read the policy wording for the continuous specified perils production insurance contract for each crop.