In a groundbreaking collaboration with the international 2023 Wine Vision by Open Balkan fair, Dunav Insurance Company has unveiled a suite of insurance services meticulously crafted for the vineyard and wine sector. This strategic alliance not only underscores Dunav’s unwavering dedication to the wine industry but also emphasizes the critical role insurance plays in navigating the unpredictable challenges faced by vineyard owners.
The management of a vineyard involves a delicate dance with nature’s unpredictable elements, where success is intricately woven into livelihoods. Recognizing this intricate balance, Dunav Insurance is steadfastly committed to bolstering the vineyard sector with tailor-made insurance solutions. Milo Marković, a member of the Company Executive Board, shed light on this commitment, emphasizing that crop insurance, despite its inherent risks, serves as an indispensable shield against the capricious whims of nature.
Milo Marković, a member of the Dunav Insurance Company Executive Board
The company acknowledges that Crop Insurance is one of the riskiest yet most essential forms of insurance. With an impressive 40% market share in Serbia’s agricultural insurance landscape, Dunav demonstrates a profound understanding of vineyard nuances throughout the vegetative period. Currently safeguarding 520 hectares of vineyards, valued at an estimated 250 million Serbian dinars, the company stands as a guardian against the perils that threaten the grape harvest. Dunav’s insurance coverage spans the entire spectrum of risks, encompassing standard perils such as hail, fire, and lightning strikes, as well as more intricate challenges like late spring frost, storms, and floods.
This comprehensive approach ensures that vineyard owners and winemakers can weather both literal and metaphorical storms that may jeopardize their harvests. Expanding its protective canopy, Dunav Insurance extends coverage to wineries in their entirety, safeguarding not only the vineyards but also the precious stock of premium wines. In a strategic move to propel the dynamic evolution of the wine industry, the company envisions an increased footprint in both viticulture and winemaking.
To enhance the appeal, insurance premiums benefit from generous subsidies from the Ministry of Agriculture, ranging from 40% to an impressive 70%. This financial support serves as a compelling incentive for vineyard and winery owners to secure their investments, fortifying the industry against the uncertainties posed by climate change.
Goran Todić, owner of DOJA Winery in Donja Jošanica
In a poignant testament to the symbiotic relationship between insurance and the wine business, Goran Todić, owner of DOJA Winery in Donja Jošanica, underscores the profound impact of safeguarding his 42-hectare vineyards with Dunav Insurance. Todić articulates that the decision to insure was not merely a financial strategy but a pivotal step in preserving the tradition and culture of grape and wine production.
“We highly recommend Dunav Insurance as a partner who will be a supportive ally in your business, emphasized Todić.
As climate change casts a shadow of uncertainty over outdoor production, the conclusion drawn from this year’s participation in the Wine Vision by Open Balkan fair is resounding—insurance is not merely a wise financial decision; it is an indispensable guardian of tradition and culture in grape and wine production. Dunav Insurance emerges as a steadfast partner, a supportive ally, and a guardian of the vineyard, ensuring that the grape-to-glass journey is one marked by resilience and prosperity.
Salute!
