CKP Insurance

What CKP Insurance does

CKP Insurance is a specialized agricultural insurance agency operating as a division of Brown & Brown Insurance Services, Inc. (a large publicly traded insurance brokerage). The company distributes three USDA Risk Management Agency (RMA) programs: the Pasture, Rangeland, Forage (PRF) Insurance Program, the Livestock Risk Protection (LRP) Program, and the Apiculture Insurance Program (API), the latter delivered through an internal division called Beekeeping Insurance Services. Its core technology is the Rainfall Index-based insurance framework, which uses NOAA Climate Prediction Center precipitation data organized by geographic grids to determine coverage and indemnity payouts automatically, eliminating the need for field adjusters. CKP builds proprietary decision-support tools on top of this index, including a Grid ID Locator Map, a Historical Indices Analysis tool, and an RMA-encouraged Decision Support Tool used by its specialist agents during the sales process.

The company serves four primary customer segments: farmers and ranchers needing protection against forage losses from rainfall deficit, livestock producers seeking price-fluctuation coverage, commercial and hobby beekeepers insuring colonies against precipitation-driven losses, and tribal nations — most prominently the Navajo Nation — for whom CKP is the largest PRF policy writer. The Navajo Nation has reserved $20 million from its Síhasin Fund for insurance premiums through CKP, cumulative investments have reached $10.7 million, and a $3.3 million indemnity return has funded the nation's Agriculture Infrastructure Fund Programs. CKP has also partnered with the Colorado River Indian Tribes and supports the Arizona Cattle Growers' Association, the Indian National Finals Rodeo, and the Phoenix Indian Center.

CKP earns revenue primarily through insurance commissions on premiums placed through USDA RMA programs, with potential contingent payments from carriers based on overall book performance. Its go-to-market is sales-led, executed through specialized PRF, LRP, and Apiary specialists who provide one-on-one personal consultations, custom risk assessments, and ongoing monthly/annual client statements. The company distributes through dedicated phone lines for PRF and Apiary, works with a carrier network including Great American Insurance Group, Hudson Insurance Group, and RCIS, and operates offices in Boca Raton, Florida and Scottsdale, Arizona, while serving producers across 48 to 50 states depending on the program.

Name

CKP Insurance

Legal name

CKP Insurance, a division of Brown & Brown Insurance Services, Inc.

Website

https://ckpinsurance.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

CKP Insurance is a division of Brown & Brown Insurance Services that distributes USDA RMA agricultural insurance programs — Pasture, Rangeland, Forage (PRF), Livestock Risk Protection (LRP), and Apiary (API) — to farmers, ranchers, beekeepers, and tribal nations across the United States, with the Navajo Nation as its flagship client.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Agricultural Services (700)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Pasture rangeland forage insurance
• Livestock risk protection
• Apiculture insurance
• Rainfall index insurance
• Agricultural crop insurance

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Insurance Commissions: CKP Insurance earns commissions for placing, servicing, claims handling, and renewal of insurance coverages through USDA RMA programs including PRF, LRP, and API
2. Premium-based Revenue: Revenue derived from premium payments with potential contingent payments from insurers based on overall book performance

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CKP Insurance distributes USDA Risk Management Agency agricultural insurance programs — Pasture, Rangeland, Forage (PRF) Insurance, Livestock Risk Protection (LRP), and the Apiculture Insurance Program (API) — to farmers, ranchers, beekeepers, and tribal nations. Coverage and indemnities are calculated automatically using the Rainfall Index methodology based on NOAA Climate Prediction Center data organized by geographic grids, without requiring adjusters to process claims.

Product overview

CKP Insurance is an agricultural insurance agency that offers three core insurance products: the Pasture, Rangeland, Forage (PRF) Insurance Program, the Apiary Insurance Program (through Beekeeping Insurance Services), and the Livestock Risk Protection (LRP) Program. All programs are administered through the USDA Risk Management Agency and use the Rainfall Index methodology to determine coverage and indemnities. The company specializes in providing alternative-risk solutions for farmers, ranchers, and beekeepers, with particular expertise in tribal agricultural programs.

Differentiator

Problem solved

Functional benefit

Brands

• Beekeeping Insurance Services: A branch of CKP Insurance specializing in niche insurance solutions for beekeepers nationwide, providing access to USDA Risk Management Agency's Apiculture Insurance Program (API)

Products and services

• Pasture, Rangeland, Forage (PRF) Insurance Program USDA Risk Management Agency insurance coverage for pasture, rangeland, or forage acres based on precipitation using the Rainfall Index, designed to protect agricultural operations from forage losses produced for grazing or harvested for hay. Targeted at farmers, ranchers, and tribal nations across 48 contiguous states.
• Apiary Insurance Program (Beekeeping Insurance Services) USDA RMA Apiculture Insurance Program (API) that provides Rainfall Index-based insurance coverage for bee colonies, protecting commercial and hobby beekeepers against colony losses caused by lack of rain. Distributed nationally through CKP's Beekeeping Insurance Services branch.
• Livestock Risk Protection (LRP) Program USDA RMA Livestock Risk Protection Pilot Insurance Program that protects livestock producers against price declines for fed cattle, feeder cattle, marketable dairy cattle, and swine, with coverage prices ranging from 70 to 100 percent of expected ending value. Available in all 50 states.

Quantifiable outcome

• Government subsidizes 51%-59% of PRF premium costs
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, flagship, major and minor.

• USDA Risk Management Agency (RMA)coreStrategic or Co-development PartnerCKP Insurance is an authorized partner providing access to USDA RMA programs including Pasture, Rangeland, Forage (PRF), Livestock Risk Protection (LRP), and Apiculture Insurance Program (API). These are government-backed insurance programs designed to protect agricultural producers.
• Navajo NationflagshipStrategic or Co-development PartnerCKP is the largest PRF policy writer for tribal nations, with Navajo Nation being a flagship partner. CKP has helped tribes gain funds from USDA RMA through the PRF program, assisting in setting up processes to distribute funds to tribal members. Navajo Nation reserved $20 million from their Síhasin Fund for insurance premiums through CKP.
• Brown & Brown Insurance Services, Inc.coreOthersCKP Insurance is a division of Brown & Brown Insurance Services, Inc., a large insurance brokerage. CKP operates independently with unique focus on agricultural and tribal insurance programs. California License No. 0F56560.
• Arizona Cattle Growers' Association (ACGA)majorGTM or Marketing PartnerCKP Insurance presented a $50,000 donation to ACGA supporting their revitalization efforts. CKP is a partner helping the association operate, host events, and give back to cattle rancher members across Arizona.
• Great American Insurance GroupmajorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for agricultural insurance products through CKP Insurance distribution.
• Hudson Insurance GroupmajorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for agricultural insurance products through CKP Insurance distribution.
• RCISmajorChannel Partner/ Reseller/ DistributorInsurance carrier partner providing coverage options for agricultural insurance products through CKP Insurance distribution.
• Beekeeping Insurance ServicescoreOthersBeekeeping Insurance Services is a team within CKP Insurance providing beekeepers nationwide with niche insurance solutions, recognized as a national leader in this specialty area.
• Phoenix Indian CenterminorGTM or Marketing PartnerCKP Insurance was a Silver Sponsor of the Silver & Turquoise Ball event benefiting the Phoenix Indian Center, which supports urban American Indian populations.
• Indian National Finals Rodeo (INFR)minorGTM or Marketing PartnerCKP Insurance is a long-time supporter of INFR and the athletes that compete at Indian rodeos, sponsoring contestants and providing entries to help them compete.
• Colorado River Indian TribesmajorStrategic or Co-development PartnerCKP Insurance has teamed up with the Colorado River Indian Tribes to protect tribal agricultural lands from drought through specialized PRF coverage.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• ARMtech Insurance Services: Specialized crop insurance agency focused on row-crop and livestock producers through USDA RMA programs; closely comparable in product mix and target customer base.
• NAU Country Insurance Company: Crop insurance writer and subsidiary of QBE distributing USDA RMA multi-peril crop insurance; comparable in offering the same federal crop insurance programs to agricultural producers.
• Rural Community Insurance Services (RCIS): One of the largest writers of crop insurance in the US through USDA RMA; comparable as a high-volume distributor of federal crop insurance programs (also an active carrier partner of CKP).
• Rain and Hail Insurance: Large US crop insurance provider and USDA RMA-approved agency distributing multi-peril crop insurance to farmers and ranchers; directly comparable as a specialist agricultural insurance distributor with similar GTM.
• ProAg Insurance: Specialty crop insurance agency under CGB Enterprises distributing USDA RMA crop insurance products; directly comparable agency model and producer base.
• Hudson Insurance Group: Specialty insurer offering livestock and agricultural coverage; comparable as a carrier serving the same niche livestock and forage insurance market (also a carrier partner of CKP).

Broad incumbents

• Farm Bureau Financial Group: Large multi-line insurance and financial services provider with a strong agricultural producer customer base; competes with CKP for rancher/farmer policyholders but offers a much broader product portfolio.
• Great American Insurance Group (Crop Division): Established P&C insurer with a crop insurance division writing federal crop policies; comparable crop-insurance products (also a carrier partner of CKP).
• Country Financial: Multi-line insurance and financial services company with strong agricultural customer segment across the Midwest; broader portfolio than CKP but directly competing for farm and ranch policyholders.

Emerging players

• Diversified Crop Insurance Services: Independent crop insurance agency offering USDA RMA crop and livestock products to producers; comparable niche agency model targeting the same federal program distribution market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CKPInsurance
• Instagraminstagram.com/ckpinsurance
• Xx.com/CKPInsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CKP Insurance