Introduction to Farm Insurance: A Two-Part Webinar

New Brunswick’s agriculture sector is a key part of the provincial economy. Not only do these farms provide our food, but they also feed the provincial economy. According to the Ministry of Agriculture, Aquaculture & Fisheries, the agri sector employs over 13,000 New Brunswickers and the value of food and beverage shipments exceed $1 billion!

While farms face many of the same risks as other businesses, they also have unique characteristics requiring a combination of coverages to address both the personal and business aspects of the risk. Join us for this two-part webinar to learn more about insuring farms.

COURSE OBJECTIVES:

Following this two-part webinar participants will understand the exposures to loss presented by farm risks and how farm policies are structured.

Following Part 1 of this webinar, you will be able to:
• Understand the variety of products grown and/or raised in the province
• Evaluate and explain the key differences between full time and hobby farms
• Describe the types of farm dwellings and outbuildings
• Understand basic farm building wordings
• Explain insurance rating methodology for farm outbuildings

Following Part 2 of this webinar, you will be able to:
• Evaluate the exposure to Equipment Breakdown losses faced by many farmers
• Describe the difference between types of farm equipment and how to insure them
• Review basic livestock coverage (please note: horse mortality insurance will not be covered)
• Assess your farm clients’ exposure to third party liability loss and recommend adequate coverage

This introductory level course is meant for Sales & Service Brokers who are new to handling farm insurance

WEBINAR DATES and TIMES:

• First Webinar: May 28th, 2024 - 2 pm-4:30 pm ATLANTIC
• Second Webinar: June 4th, 2024- 2 pm-4:30 pm ATLANTIC

FACILITATOR:

Jo Anne Mitchell is the owner of Effective Training & Communications Plus. She is a member of The Chartered Insurance Professionals Society with over 30 years insurance industry experience. Jo Anne began her insurance career as a broker. She has held positions with two national insurers with responsibility for numerous projects including developing and implementing front-line underwriting skills training programs for brokers and company underwriting staff. A seasoned seminar leader, Jo Anne has provided classroom seminars and webinars for over 15,000 insurance professionals across Canada. She has spoken at insurance conventions and contributes articles to the BC Broker Magazines. Jo Anne recently co-authored the re-write of the basic broker licensing course text “Becoming an Insurance Broker” for The Insurance Broker Association of Ontario.