If It Moves On The Farm – It Presents A Risk

Items which move present substantial risk to our clients.  Whether an item is mobile under its own power or is provided mobility via another method, the exposures are real and dramatic.  This presentation will address the exposures associated with items that move – both under their own power and those provided mobility by other vehicles.  The purpose of this presentation is to remind the agent that the policy forms we use can certainly provide the coverages necessary for the exposures, but without careful review of these forms, their many exclusions can prove problematic.  The basis of the presentation will be the coverages for “mobile equipment” found in the farm liability forms routinely used in the agribusiness market, the coverages for owned and non-owned vehicles found in the Personal Auto Policy (PAP), and the “auto” coverages found in the Business Auto Policy (BAP).  Use of the exclusions found in each of these forms will solidify the understanding of the risks associated with items that move.

Basic Course Information

• Insuring agreement farm liability coverage form
• Important definitions in the farm liability coverage form related to items that move
• Important exclusions in the farm liability coverage form related to items that move
• Introduction to the Personal Auto Policy
• Important definitions in the Personal Auto Policy
• Insuring agreement Coverage A – Liability in the Personal Auto Policy
• Definition of “insured” in Coverage A – Liability of the Personal Auto Policy
• The peril of loading or unloading exposures and the personal auto coverage form
• The importance of declarations in the business auto coverage form
• An explanation of symbols in the business auto coverage form
• Insuring agreement business auto coverage form
• Important definitions/provisions in the business auto coverage form
• Review of how the Insuring Agreement and two exclusions identify coverage for loading or unloading