May 16, 2018 by Staff
Over the last three years, the top 10 types of agribusiness claims have accounted for more than 50,000 claims received by U.S. farm insurer Nationwide.
Here are the top 10 commercial agribusiness claims received by Nationwide in 2017.
“By sharing our top claims data, we hope to help agribusiness owners recognize areas of their operation that may need increased safety precautions,” says Carol Alvarez, vice president of claims for Nationwide. “These national trends can help business owners pinpoint areas where they can take extra measure to keep their employees, products and equipment safe.”
Motor vehicle accidents were the most common commercial agribusiness claim. Over the past three years, motor vehicles accidents have accounted for more than 20,00 total commercial agribusiness claims.
The insurer’s data for these accidents show the following trends in frequency and severity.
Most frequent accidents
Accidents causing most significant damage
Here are some risk management tips to help agribusiness professionals reduce motor vehicle accidents and keep their employees safe.
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This story was originally published by Canadian Insurance Top Broker.