Why take risks when there are cheaper insurance policies to protect farmers?

Residents of Endemu village, Borabu in Nyamira County look at the carcass of eight months expectant grade cow killed by unknown people the night of June 28, 2015. (Photo: Denish Ochieng/ Standard)

NAIROBI: Insurance cover is meant to cushion policy holders from losses and inconveniences that are likely to occur following a financial or personal loss.

The insurance industry is hundreds of years old, with a cognate form of the industry tracing back to the second millennia among the Babylonian traders.