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Agribusiness Risks: Part One - Inherent Special Hazards

Posted by WSRB on January 28, 2013

As every underwriter and loss prevention/control person knows, there are endless questions to be asked regarding every insured risk. Every business is unique, requiring a fundamental understanding of the exposures and special hazards inherent to the particular class of business that one is underwriting and/or reporting on.

Agribusiness is certainly one of those specialized classes of business requiring particular attention to reporting details, of not only the property exposures and hazards but also the casualty exposures and hazards inherent to the business’ Construction, Occupancy, Protection features, and Exposures (COPE).

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Topics: Insurance underwriting, loss cost, property casualty inspections, Hazards