“It may sometimes seem that losses of tragic proportion only happen to others, but that is false perception. Those employed in the insurance industry know all too well that losses can occur to anyone at any time.” This quote from the article I read written by Sabrine Voigt says it all. We as insurance agents do see these losses but we also try our best to make sure when the loss occurs we can at least make sure the financial loss isn’t as tragic.
As insurance agents, we are here for those moments that aren’t going well- an auto accident, a fire, a flood, water damage, hail damage to your car, and so much more. We know that these things aren’t just emotionally draining, but also financially. We are here to help you through the bad moments and make the process of getting back on your feet faster and easier. In the Agribusiness industry I believe when you have a loss it is essental to get your routine back to normal as quickly and with as little bumps as possible.
There are many things as an operator that you can do to help make sure a loss is less likely, less damaging, and takes less time to repair.
~Doing walk arounds once a month can help you spot bad behaviors of employees that can cause injuries or property damage. Ex. Leaving hoses out where someone can trip over them or flammable containers left open where fumes can leak out and cause a fire.
~Mother nature can’t be stopped or predicted but you can help make the damage less costly. Ex. Cutting down trees that are too close to buildings or using hail impact resistant roofing.
~Electrical wiring is one of the most imporant items to keep inspected and up to date, as old or faulty wiring is one of the biggest causes of fire. “Fire in of itself is the largest cause of loss, regardless of property type, causing $14.3 billion in losses and 3,280 deaths each year” (Sabine Voigt).
~For Farms, storing hay properly and under a watchful eye is important to also keep a fire from occuring.
~Using proper safety procedures and equipment is vital to keep employees from getting injured. On farms, injury can be a major loss. Follow lock out/tag out procedures and don’t wear loose clothing around equipment. “PTO shaft rotates at 540 rpms and travels more than 2 meters in less than a second, injury or death may result from entanglement” (Sabine Voigt).
This is just a short list of items that help to deter a loss and make it less costly, but making sure you have proper coverage when a loss occurs is the reason I am here for you. Knowing your specific operations will help me determine the coverages you will need in case of loss. For example, a dairy farm will need Milk Contamination coverage, just in case something gets in the milk and it has to be dumped. A Beef farm should have coverage for their Beef cattle for flood, suffocation from snow or ice (if you live in the north), and if a fire would occur in the Barn. Making sure you have the coverages that fit your agribusiness is how I help you continue the business and life you have worked so hard to maintain and grow!
By Samantha Brensinger
Article Reference: "No Farm is Completely Safe" Published in Hoard's Dairyman Magazine Written by Sabine Voigt