Coverages | Group Risk Income Protection (GRIP)

Group Risk Income Protection (GRIP)

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The Group Risk Income Protection (GRIP) insurance program is an area-based revenue insurance program that provides insurance protection against widespread loss of revenue in a county. The insured is paid in the event the county average per acre revenue falls below the insured’s county trigger revenue. Coverage levels are available from 70 to 90% in increments of 5% of the county trigger revenue. Protection per acre is available from 60 to 100% of the county maximum protection per acre listed in the county actuarial (maximum protection per acre equals expected county yield, times the expected price, times 150%). Coverage is expressed as a county revenue trigger (expected county yield times expected price times coverage level). A Harvest Revenue Option is also available which provides additional dollar protection of the Harvest Price increases above the Expected Price. GRIP is similar to GRP except revenue rather than yield is the basis of coverage.

Green shaded states show availability of this program.

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