Farming Insurance - Introduction - Searchlight Insurance Training

Farming Insurance – Introduction

This interactive workshop is suitable for those new to farm insurance or those who have dealt with it for a year or two and are seeking to refresh their knowledge.

The workshop will include an introduction to the major covers available to farmers, the information required to assess the risks and the basis of rating.

The workshop assumes that the delegates are familiar with the general principles of insurance

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECIVES

List the insurances required by farmers in order to comply with statutory requirements

List the main insurable property damage and business interruption perils and describe how their effects on farmers may vary

List the main forms of liability insurance and describe how they can protect farmers

Outline the main policy cover, conditions and exclusions of typical Farm insurance policies covering property damage, business interruption and livestock risks

Describe the type of information required to obtain farm insurance quotations and detail the basis of rating for typical risks

Outline the main motor insurance cover options available to the agricultural industry, including off road use and the tool of trade third party risk legislation and/or regulations requiring compulsory insurance

WORKSHOP CONTENT

The different types of farming
Arable
Horticulture
Dairy
Cattle, pigs and sheep
Poultry
Organic

The major covers
Property Damage
Business Interruption
Liability
Livestock
Crop Damage, e.g. Hail
Agricultural Motor insurance

Typical farm insurance policy conditions and exclusions

The special condition of average applicable to farmers

Underwriting – the information required and the basis of rating