1. Non-disclosure – where insurers were not informed of both current and previous insurance related information.
2. You were simply not covered. Two or 3 hours a year to make sure that you and your broker have discussed and agreed cover is something that our clients know to be time well spent.
At the end of the day it’s about the service and advice. You could be paying too much or too little; quite frankly however neither of those facts will help you in the event of a claim. If the advice and the cover you receive are not right the premium you paid becomes irrelevant.
Other articles relating to your Insurance Review
Under-insurance means that in the event of a claim only a percentage may be paid out because the insurer’s premium was based on a sum insured that doesn’t match the true value at risk. It is very important to set accurate replacement values on assets; however this is not always simple and you may require expert advice from a valuation professional with regard to listed buildings and difficult to value contents. Price volatility causes huge swings in the price of cereals, oilseeds, beef, lamb, fertiliser etc. and it is essential that your insurance adviser has knowledge of these commodity prices in order to advise you.
Over-insurance is a waste of money; it means you pay for cover that is not required. It is therefore important to set accurate replacement values on assets.
Other articles relating to your Insurance Review
Full disclosure is the provision of material facts that are complete and accurate. The insurer will look at these facts and base their decision as to whether or not to offer cover and at what premium value. If it is found that full disclosure has not been made all cover may be deemed null and void and it may not be possible for cover to be obtained elsewhere. Insurers are well within their rights to ‘throw out’ a claim if relevant information was not disclosed to them at either the presentation stage, inception or during the term of the contract/policy. For example: changes in business activity, changes in a tenants’ activity, a prosecution or conviction since last renewal.
Other articles relating to your Insurance Review
Ask F&M staff “Why farm insurance is best placed with Farmers & Mercantile?” and this is what they say;
“Because the best risks deserve the best rates…”
“Because we care.”
“Because expertise and specialist advice come as standard.”
“Because as a client you will benefit from specialist brokers with wide farming and insurance experience. Farmers & Mercantile provide cost effective and thorough solutions through insurers who deliver at the point of a claim. Farmers & Mercantile make sure insurance works for you!”
“Price, Service and Cover, F&M staff seek the best cover for the most competitive premium and advise the policyholder the best way in which to insure the farming business. All of the staff are very knowledgeable in both farming and insurance which makes dealing with them all the smoother, the personal service is very important dealing with the same people all the time not a call centre and having an annual on farm review to discuss any changes, check sums insured and discuss additional cover available in the market.”
“Because….. with our face to face and tailored approach to providing a competitive service for our clients, we always go the extra mile, ensuring our clients’ needs are met and often exceeded.”
“………you can always be assured of our expertise from staff who go that extra mile.
“Because we may not be the cheapest but we are the best and always put you first.”
“Because I don’t trust my family and my livelihood to be protected by just anyone.”
“Because you can trust us to provide appropriate Insurance at the right price, but importantly deal with your problems as if they were our own.”
“We are not just Brokers who deal in Farm Insurance; we are Farmers who excel at Broking.”
“Insuring your farm is what F & M do best. Isn’t it time you put us to the test?”
“Because we are farmer friendly, thoroughly understand farming and its challenges, protecting a business as though it were our own. Total protection at sensible premiums.”
“You are safe in the knowledge that all your insurance requirements are dealt with by professionals who understand your business needs.”
“Because we give you a local service from people who know about farming.”
You buy insurance so that there is cover in place to protect your livelihood should disaster strike. Be mindful of the fact that your policy is a legal contract, here are some important points to think about;
According to the Health and Safety Executive (HSE) anyone who owns lifting equipment at their place of work, whether on a building site, on the side of the road or at a farm, are liable for prosecution if they do not have evidence of a thorough examination being carried out on the equipment by an independent inspector.
The formal legal requirement for “Thorough Examination” of lifting equipment is set out in the Lifting Operations and Lifting Equipment Regulations 1998 (known as LOLER 98).
However, these rules only apply to the machine’s lifting mechanism – and under the Provision and Use of Work Equipment Regulations 1998 (known as PUWER 98), an employer also has a duty to perform regular “inspections”, and ensure work equipment remains safe to use. In practice, an examination that only covers LOLER could therefore leave the machine’s owner liable to HSE enforcement under PUWER 98 rules. It is also common sense that a vehicle that has not had its brakes, steering or structural integrity checked can hardly be said to be safe. An examination is required to be carried out at regular intervals, in most cases every twelve months.
At this time of the year every body is busy on the farm maintaining roofs and gutters or carrying out general maintenance in buildings. Are you taking the correct precautions when carrying out these tasks by using a mancage or work platform? LOLER states that any equipment used to lift people must be inspected every six months. This includes the machine used to lift the platform along with the accessory itself.
This article was written by James Baimbridge and first published in The Farmer, Shropshire Star, March 2015
If you are in the market for a new loader why not take a trip to The Farmers Weekly Farm Handling Experience at Stoneleigh on the 22nd-23rd April. We are sponsoring this unique event, which will allow you to test drive all the latest machines from the top manufacturers. If you are interested go to www.farmhandling.co.uk to book your slot.
It was a bold move when Farmers & Mercantile took the decision to create an engineering inspection division. “Having succeeded in the farm insurance market we were confident that we understood what farmers wanted: good specialist advice and service. 19 years young and having gained a reputation for reliability and integrity, F&M identified an area where there was real dissatisfaction amongst farmers and in the knowledge that we could do better, we set up our own engineering division” says founding Director Nigel Wellings. Today the division provides a national inspection service with excellent feedback. “Farmers are grateful to have our inspectors arrive on farm and to complete the work without fuss and without their assistance. It amazes us that other firms expect the farmer or a member of their staff to operate the machinery for the inspector” comments Keith Short, divisional manager.
On-farm inspector James Baimbridge says “independent inspections are beneficial to clients; the independent element ensures that they do not have the same person servicing and inspecting the machine, thereby eliminating any conflict of interest when failings or recommendations are made.”
To book your test drive – visit https://www.livebuzzreg.co.uk/2015/farm15/
We want to help farmers fully understand their responsibilities with regard to Puwer and Loler. There’s a raft of legislation that surrounds this area of Health & Safety and it’s not always clear. Complying with the regulations bodes well for our clients; it proves that their attitude to risk management is professional and if there is an accident on the farm a valid certificate will be of importance. We want to support our farmers in avoiding prosecution should the Health & Safety Exec decide to investigate post-incident.
Why have we chosen to sponsor this new and unique event?
The common sense approach this event is aiming to achieve and what we are already doing, in our view creates great synergy. To us the farm handling event is about convenience, practicality and has a no nonsense approach. We are proud to be a part of this hands-on experience.
- We are a leading inspection company specialising in agricultural LOLER & PUWER inspections
- We provide nationwide coverage
- We offer a professional and efficient service which ties in with this revolutionary event
- The event will offer the full lifting equipment package
- Meet the inspection team
- Value for money and efficient use of time
- Test drive and choose a machine and schedule its inspection for the following year
- Book inspections for additional machines and compressors
What visitors can expect to learn from F&M’s presence at the event
- What the HSE regulations state and how they apply to farm machinery
- What inspectors are looking for
- What can make a machine fail
- Why it is important to have valid certificates
What visitors can talk to us about
- Consequences of not having certificates
- Advice on workshop/farm-made man platforms
- Added benefits that we offer – comprehensive report and office backup
Q Our local Parish Council is looking to organise a Village Fete next year. It is going to be held on grassland belonging to our farming business covering about 12 acres and is adjacent to one of our farm buildings. The Parish Council have said they will insure the event. Do I need to do anything as the landowner?
Written by: Nigel Wellings, founding director, Farmers & Mercantile. First published in Farmers Weekly 27th Feb 2015A
Even though the Council may have Public Liability cover, as the event host you will still need to inform your farm insurers that your land is being used to hold such an event even if you have nothing to do with the organisation of it.
As your insurance adviser we would suggest that as landowner you are named as a joint insured on the insurance policy for the event. We would also expect to inform your farm insurers as it is still possible that liability could come back against you as the site owner. For instance, if a visitor trips in a rabbit burrow and break his/her leg it is quite likely that if trying to make a claim their solicitors will issue proceedings against both the event organiser and the landowner.
Even if ultimately a court does not hold the landowner liable there can be considerable costs involved in defending the case against you, which will be covered by your Public Liability insurance.
It is vitally important that you inform your insurers of any such events as the normal farm cover will not necessarily extend to automatically covering them. The costs involved to extend cover will vary depending on the type of event, but should be minimal if the event organiser has their own cover and has named you on their policy.
With the number and cost of personal injury claims increasing drastically over the last few years, it is vital to ensure landowners and occupiers have the relevant insurance in place before hosting any such events on your farm.
Insurers also need to be told if you are hosting an event such as a family wedding on-farm or even providing car parking in one of your fields for somebody else’s event. Do not be misled by the event organiser having their own public liability insurance –as the landowner or occupier on whose land the event is taking place, you still need to inform your own insurers.