Definition - What does Crop Insurance mean?
Crop insurance is a form of risk management for crop producers against a decline in production due to natural hazards, such as floods, drought, and hail, or profit loss due to price fluctuations of agricultural commodities.
Insuranceopedia explains Crop Insurance
Crop insurance comes in two main forms: crop revenue insurance and crop-yield insurance. The former covers crop price declines during the growing season, while the latter protects the crop producer based on their actual production history against yield loss due to naturally occurring events.