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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’s Construction, Occupancy, Protection features, and Exposures (COPE).

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Topics: Insurance underwriting, loss cost, property casualty inspections, GIS Mapping, Inspections, insurance, Hazards