Farming is a complex and demanding profession, with numerous risks that can impact operations. While many farmers are aware of the obvious dangers, there are some unexpected risks that often go overlooked. Here are the top 3 risks farmers face and how to cover them:
1. Vehicle and Machinery Accidents
Farm vehicles and machinery, such as quad bikes and tractors, are essential for daily operations but also pose significant risks. Surprisingly, farm vehicles account for 50% of accidents on Australian farms.
How to Cover:
- Farm Motor and Machinery Insurance: This insurance can cover damage or loss due to accidents, fire, and theft.
- Regular Maintenance: Properly maintaining all equipment and providing safety training for all users can mitigate risks.
2. Natural Disasters
Natural disasters like fire and hail can devastate crops and property. These events are often unpredictable and can cause significant financial losses.
How to Cover:
- Crop Insurance: This specialized insurance covers losses due to fire and hail, ensuring that farmers can recover financially from such events.
- Property Insurance: Insuring buildings, machinery, and other assets on the farm can protect against damage from natural disasters.
3. Public Liability
Accidents involving visitors, contractors, or even animals can lead to costly legal claims. Public liability is a critical but often overlooked risk.
How to Cover:
- Public Liability Insurance: This insurance covers legal costs and compensation if someone is injured or their property is damaged due to your negligence resulting from your farm operations.
- Safety Protocols: Implementing strict safety protocols and ensuring all visitors are aware of potential hazards can reduce the likelihood of accidents.
By addressing these top 3 risks with the appropriate insurance and preventive measures, farmers can protect their livelihoods and ensure the sustainability of their operations.
For a worry-free farming experience, trust the experts at Fitton Insurance Brokers to provide you with peace of mind. To learn more about our farm insurance policies, call us today on 1800 076 277.
Fitton Insurance Brokers is current and active members of Steadfast and NIBA (National Insurance Broker Association). Being a part of the Steadfast Group gives Fitton Insurance Brokers the scale to access over 150 insurance providers and a broad range of customised products and policies at competitive prices for its clients.
