The Farmers Mart Dec-Jan 2019 - Issue 60 | Page 36

36 YAMS 2019
DEC/JAN 2019 • farmers-mart.co.uk
GETTING YOUR INSURANCE RIGHT
Local insurance broker, McClarrons,
discusses 5 things to consider to
help you ensure you have the right
insurance in place for your rural
business; whether you run a farm,
estate, work in renewables or own an
agricultural motor trade business.
BEFORE you decide on what
insurance policy you’re going to
buy, ask yourself if you have fully
considered the below points.
1. What cover do you
really need?
It’s important to ensure that
every element of your rural
business is adequately protected;
whether this is crops, livestock or
agricultural machinery and build-
ings. Whilst some policies may
have too much cover for what
you require, we are able to offer a
policy bespoke to your business’
activities and requirements. You
do not want to find you are paying
for cover you do not need or that
a vital element of your assets is
underinsured or worse, not pro-
tected at all.
McClarrons offer specialist
products that aren’t always
available elsewhere, such as Rural
Protect – a Management Liabil-
ity policy which responds to an
allegation of a wrongful act in the
course of running your business –
and AgriTrade, a policy specifical-
ly designed to cover the opera-
tions and property of agricultural
motor traders.
2. What’s your level of
Public and Employers
Liability?
This is one of the most impor-
tant elements of your insurance
to consider. Superior public
liability insurance will cover you
for legal responsibility for acci-
dental injury to anyone, or loss
and damage to material property.
Employers Liability will cover
you for the costs and expenses
associated with claimants you
are legally liable for, whether they
are paid workers or friends and
family who help with the odd job
here and there.
Inadequate levels of cover can
lead to companies going out of
businesses due to the large sums
associated with such claims so it’s
important to get this right.
3. Protect your Assets
Don’t assume that all your
vehicles are covered or that your
livestock are covered for all even-
tualities. Not all policies are the
same and those assets you rely
on need to be covered correctly
to ensure your business contin-
ues to run smoothly.
For example, if you have farm
vehicles, do they require third
party, fire and theft or fully com-
prehensive cover?
If you have livestock, have you
considered fatal injury protec-
tion which protects in case of
fire, lightning or explosion? You
should also look at your levels
of cover for theft, disease and
worrying.
4. Insure with Ease
Using one broker for all your
insurance requirements can make
your life easier, providing you with
one point of contact for all your
queries and allowing you to have
a common renewal date for your
policies.
Through McClarrons, in the
event of a claim, you also have ac-
cess to our in-house claims team
who will manage your claim from
notification to final settlement; this
means you can relax safe in the
knowledge that your claim is pro-
gressing with your best interests
in mind.
5. Use a Company
You Trust
Protecting your business and
livelihood is important so it is vital
that you place your insurance
with a company you can trust.
With over 30 years’ experience
in rural insurance, our dedicated
Farm Team have the knowledge
and experience to offer you
‘ Don’t assume that all your vehicles
are covered or that your livestock
are covered for all eventualities ’
insurance advice you can have
confidence in. And, as an inde-
pendent broker, you can be sure
we are providing you with cover
that is most suited to your needs
as we are able to access a large
number of insurers to find you
the most suitable and valuable
policy.
For a complimentary review
of your insurances, contact
us on 01653 697055 or email
farm@mcclarroninsurance.
com. Alternatively, we will be
sponsoring YAMS 2019 and would
be happy to speak with you on the
day, just give us a call to arrange
to meet with us.