Food producers should check their business interruption cover as we move into summer to avoid underinsurance, a specialist has said.
When people think of farm insurance, they think of home and contents, vehicle and crop insurance but it actually covers a variety of different areas with one of the most misunderstood being farm interruption.
A South Australian firm has announced a product recall after metal fragments were found in dried apricots.
Traditional farm insurance offers cover for fire and hail and can be used to rebuild in the aftermath of a major natural disaster. But what happens if something else damages your crop? That is where multi-peril crop insurance comes in.
The recent strawberry crisis has highlighted a number of insurance implications food producers need to be aware of, a Gallagher specialist has said.
When it comes to organising farm insurance, it can be difficult to know where to start. The first thing to remember about farm insurance is that it isn’t just one insurance policy, it is many.
Gallagher has launched a specialist Food Production practice as the risks associated with the sector become increasingly complex.
Having the right farm insurance program can make the difference between your farm surviving in the face of a challenge or going out of business for good.
Farmers are a resilient bunch. They’re used to riding out fluctuations in the market, disastrous weather and so-called acts of God. In some cases they have been doing it for generations. Planning, managing resources, taking the long view – they are all factors that play into business survival.
But farmers do have another trait in common when it comes to farm insurance, according to Gallagher’s...
A whole new system of assessing dangerous fire conditions for harvesting is being introduced by the NSW Rural Fire Service, giving farmers on-farm responsibility to decide on fire risks.