Services

Responding to Members’ Needs
Livestock Marketing Insurance Agency was developed to meet the needs of a very specialized and vital segment of the livestock industry.  We focus on livestock auction markets and dealers, yet we’re well equipped to service a variety of related agribusinesses.  And as our members diversify their operations, we work to meet those changing insurance needs as well. 

From the beginning LMIA has partnered with and fostered long-term relationships with premier insurance companies that have experience in serving agribusiness companies.  These partnerships have resulted in the development of customized insurance products and services that better address our members’ risk management needs. 

Because the insurance business has cycles, like most businesses, it’s important to have stable rates and accessible coverage products.  When the insurance industry is in a “soft” cycle the availability of insurance coverage and pricing are very competitive.  However, during a “hard” cycle”, the availability of coverage is restricted and insurance can be more expensive. 

To level out these cycles and improve risk management to its members Livestock Marketing Association in 1991 created the Professional Livestock Insurance Company.  (PLIC).  This has resulted in more stable, fairly priced insurance products and greater insurance value for our members. 

More importantly for members and our insureds, Livestock Marketing Insurance Agency has an equal voice with insurance underwriters in decisions on coverage, pricing, claims, underwriting and loss control – which means greater peace of mind, better service and greater value.