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Category - Agri-Post Articles

23
Mar

Business Interruption Insurance and COVID-19

A common question we are receiving these days is whether a contagious virus (you may have heard of it) causing loss to business revenue is covered by the business interruption coverage on an insurance policy? Business Interruption coverage is set up to pay for ongoing expenses along with the optional loss of profits that can …

24
Feb

Insuring Custom Application

It’s hard to believe that in a few weeks we will have melting snow, ditches running with water, and longer days.  We can finally start thinking about summer – the time of the year where our frozen ground warms up long enough to produce some wonderful crops!  The time of year where hockey sticks are …

23
Jan

Why Buy Insurance?

Why Buy Insurance? If you’ve asked yourself this question before, you are not alone.  If you’ve pressured your insurance broker, stating that you may be withdrawing your business and placing your premium dollars in a bank account to self-insure, you are not alone. If you have followed through with that and actually placed that money …

22
Nov

Breaking Through the Ice

This fall has been a mix of extreme weather.  In the Red River Valley, we went from talking about drought to the potential for a fall flood in six weeks.  We have experienced a substantial snow storm, a power outage that effected many homes and businesses, and in between we have had some mild temperatures …

1
Sep

Removing the Dents from Insurers Profits

I recently had the pleasure of driving through a hailstorm.  I was in an early morning fog and it took a few minutes to realize I wasn’t being covered by gravel from the debris of Manitoba construction season, but by stones from the sky.  Fortunately, I have a dent resistant vehicle which seemed to enjoy …

15
Aug

Issue-Free Fall Desiccation

One of the hot topics in the industry these days is the controversy surrounding glyphosates and their effect (or lack thereof) on our world. I am the first to admit that I am simply not educated enough to dive into that debate, so instead, let me put my energy into reminding us all of the …

5
May

Managing Risk Without Insurance

Most of my articles focus on how you can transfer risk by purchasing insurance to transfer that risk to an insurance company. However, there are additional ways to control risk. One of these ways is called risk separation. In its basic form, it is a risk control method that involves separating key assets to prevent …

15
Mar

Understanding Why Global Volatility Affects My Rates

The basis behind insurance is that the premiums of many pay for the losses of a few.  This is true whether you are buying travel insurance, cyber liability insurance, or protection for your 1980 John Deere Tractor that refuses to retire. As an independent insurance broker, we represent many different insurance companies who offer a …

8
Jan

The Benefits of Loss Prevention

With the costs of insurance claims rising, we are starting to see insurers working to reduce their claims costs.  There are a variety of ways that this is done; working to maximize efficiency with clean up and rebuilding costs in claims. One common sense way to reduce the expense of insurance claims is prevention.  Several …

23
Nov

Insuring Your Marketing Losses

Have you ever been burned by forward marketing your grain?  You’ve heard the stories – you work harder than ever only to get to the end of harvest and discover that there aren’t enough bushels in your bin to fill your contract?  Or the quality doesn’t match what you were contracted to provide?  Or did …