Insurance solutions for forestry and agricultural companies
Several costly risks might materialise in forestry and agriculture. Major risks are related to property and machinery – for example, harvesters, combine harvesters, tractors, etc. In addition, damages may occur with animal housing, animals, warehouses and grain dryers. These are the risks every company operating in the industry faces. To manage these risks better, we recommend to buy insurance. This way the company can focus on its core business and leave the mitigation of risks to ERGO.
What kind of risks may materialise?
A company operating in forestry or agriculture faces various risks. Here are some real-life examples of insured events.
Agricultural and forestry machinery and their parts are expensive. Just recently the wave of thefts hit Estonia – GPS units of combine harvesters were massively stolen for hundreds of thousands of Euros in total. Insurance compensated the damage occurred to the machinery.
Problems related to machinery
A harvester took fire and as a result had to be replaced. Forest might also catch fire. In addition, there have been cases, where a tractor gets stuck while working on marshy areas. Pulling out means additional equipment and costs. Fuel leakage of the forest works vehicles may cause environmental damage.
Fire in agricultural buildings
Feed storage burns down, destroying both feed and the building. As the fire reaches also the animal barn, animals and milking machines get damaged, too.
Forest worker gets injured during the forestry works
A forest worker injured themselves with the chainsaw during tree felling. Employer’s liability insurance compensates the additional costs on pharmaceuticals and technical aid as well as the loss of salary for the employee.