Agribusiness Commercial General Liability Coverage AgCGL The Webinar will begin shortly There is...
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Agribusiness Commercial General Liability Coverage AgCGL The Webinar will begin shortly There is no audio at this time. This presentation is being recorded for your viewing pleasure at a future date. The attendance and proctor forms are available under ‘Materials’ in the Webinar’s Console to the right. 1 100% Participation in Polling Questions is required to receive credit for this class. Even if you do not intend to receive credit, please participate in the polls. You will receive the course number for your state near the end of class. Use the ‘chat’ window for questions on the content.. The PowerPoint presentation is also available under ‘Materials’.
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Transcript of Agribusiness Commercial General Liability Coverage AgCGL The Webinar will begin shortly There is...
Agribusiness Commercial General Liability Coverage AgCGL
The Webinar will begin shortly
There is no audio at this time.
This presentation is being recorded for your viewing pleasure at a future date.
The attendance and proctor forms are available under ‘Materials’ in the Webinar’s Console to the right.
1
100% Participation in Polling Questions is required to receive credit for this class. Even if you do not intend to receive credit, please participate in the polls.
You will receive the course number for your state near the end of class.
Use the ‘chat’ window for questions on the content..
The PowerPoint presentation is also available under ‘Materials’.
Welcome to your Insurance Community University
All of you are currently on mute Un-mute your own system Telephone Option
− Select Telephone on your screen
− Dial in the PIN number so that your number becomes active
Microphone and/or Speaker Option− You can use this option if you have a headset that you use with your
computer
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Audio
Participation & Chat Window
You will receive information from the monitor via the ‘Chat’ window. Please locate window in the control panel
Q & A is welcomed during the presentation and at the end of the presentation
You will find the question box on your control panel Write your question in that box
and send it to the presenter/organizer
The presenter will take those questions in the order submitted
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DOI Requirements
When you see a slide with the hand up symbol, touch the “hand” icon on your control panel Click ONCE only
If you do not raise your hand, the monitor will be in contact with you in the chat box
If you are in a group, the designated proctor is responsible to make certain you are all in attendance at all times
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= Hand is down
Polling
Throughout the class we will be conducting periodic polls
We need 100% participation on the pollsThe polls are intended to check
participation but also to create discussion topics throughout the presentation
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Forms To Complete for CE
After class ends Return attendance form Proctors – return your form to email address
Email address is in chat window or in email sent to you today
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DOI Requirements
We will file your hours with the DOI after the completion of this webinar and we have received the attendance form.
You have 48 hours to return the formYou will be sent a Certificate of
Attendance/Completion by email. Please retain this for your records for five years.
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Please Hold Up Your Hand
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Your Instructor Today
Casey Roberts, CIC, AFIS, ACSR
Principal, Laurus Insurance Consulting, LLC
Your CIG Representatives
Walter WootenAg Business Lines
Manager [email protected]
831 233 5057
Jeri SmithAg Underwriting
Specialist [email protected]
831 233 5056
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CIGU Insurance Education
Agribusiness Commercial General Liability Coverage
AAIS AgCGL
Course # 288538
Approved for 4 Continuing Education Credit Hours In California
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DisclaimerNot only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state.
This material is intended as a general guideline and does not apply to a specific situation.
The forms used in this presentation are owned by AAIS and protected under their copyright. Use of the AAIS Material is limited to AAIS Participating Insurers and their Authorized Representatives. This presentation is prepared for CIG and includes specific CIG underwriting guidelines. The creator of this presentation is Insight Insurance Consulting and Insurance Community Center. Any organization for whom this seminar is conducted shall have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this book.
Insight Insurance Consulting: www.insightinsuranceconsulting.com
Insurance Community Center: www.insurancecommuntycenter.com
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About the CIGU Education
Capital Insurance Group has partnered with the Insurance Community Center to present classes that are part of CIGU.
CIGU's mission is to provide insurance education to aspiring agents and agency professionals seeking CE courses to maintain and update their Property & Casualty license status.
CIG Introduces Their New
AAIS Agribusiness Commercial General Liability Coverage
(AgCGL)
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Polling Question #1
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What This Course Will Cover
Background on AgCGLEligibilityReview of AgCGL Coverage FormReview of available endorsements
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Background on AAIS Agribusiness Commercial General Liability Coverage
AgCGL
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Industry Issues
Changing Nature of Agriculture Agritainment and agritourism Size and number Vertical integration
THE AAIS AGRICULTURAL GENERAL LIABILITY PROGRAM
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Changing Nature of Agriculture
Size and number Last 10 years
− Number of farms decreased by 4%
− Average size of farm increased from 436 to 449 acres
− Average per farm income grew by 60% 1997 to 2002
− Farms 1-1999 acres decreased in number
− Farms over 2000 acres increased by 5%
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Changing Nature of Agriculture
Vertical integration Efficiency Market power Grower to consumer Scientific advances
THE AAIS AGRICULTURAL GENERAL LIABILITY PROGRAM
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AgCGL Targets
The ag range of operations Traditional farming Personal liability for farm residents Custom/contract farming Contract feeding operations Farm management operations
−Annuals−Perennials
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AgCGL Targets
Agribusiness processing operationsAgribusiness warehousing or storage operationsVertically integrated operationsAgritainment/agritourism activitiesCombine personal, farm, and commercial on a
single policy Class combinations Limits do not stack
Polling Question #2
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Per CIG Underwriting Guidelines
Eligibility
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Eligibility (AAIS)
Risks involved in one or more of the following agricultural operations are eligible for the program Buying, selling, storage, or processing of
agricultural products Manufacturing goods from agricultural
products
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Eligibility (AAIS)
The sale of goods or services to agricultural or agribusiness customers; or
Farming operations that supply agricultural commodities for manufacturing or processing
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AAIS / ISO Farm Liability Policy Structure
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Named Insured: John and Pipp Appleseed
Mailing Address: W 8800 County Highway 96 Policy Period: 06/01/2009 - 06/01/2010 Hortonville, WI 54944 12:01 am standard time at mailing address shown
Agent Name and Address: Dale Insurance P.O. Box 1 Dale, WI 54944
Business Description: Apple Farm The insured is:X Individual Partnership Joint Venture Limited Liability Company Trust Organization (Describe)
Limits of Liability:Each Occurrence Limit $ 1,000,000 Medical Payments Limit $ 5,000 any one person Fire Legal Liability Limit $ 50,000 each occurrence Short-term Rented Premises Limit $ 25,000 any one premisesPersonal and Advertising Injury Limit $ 1,000,000 any one person or organizationGeneral Aggregate Limit $ 2,000,000Products/Completed Work Hazard Aggregate Limit $ 2,000,000
Farm Chemicals Limited Liability Aggregate Limit $ 25,000Custom Farming Annual Receipts $ 5,000
Location of all premises owned, rented, occupied, or controlled by the insured:10 acres Sec 1, TWP X, RGE Y25 acres Sec 2, TWP X, RGE Y
Loss CostClassification Code No. Rating Basis Rating Base Prem/Ops All Other Total PremiumCrops - Consumption 82415 S 500,000Personal Liability 82801 FU 11-2 FamilyOwned ATV 82853 U 1U-Pick - No Off Ground 82241 S 10,000 Bakeries - 81802 S 25,000Including Baking On Premises
Other Premium $ To Equal Minimum $ Total Advance Premium $
Audit Period: Annually Semi-Annual Quarterly Monthly Deposit Premium $
FORMS AND ENDORSEMENTS:CL 0100, AL 0001, AL 0170, AL 0290, AL 8005
FARM COMMERCIAL LIABILITY COVERAGE AAIS DECLARATIONSAL 6501 09 08Page 1 of 1
Polling Question #3
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Common Policy Conditions CL 0100
AssignmentCancellationChange, Modification, or Waiver of PolicyInspection
Included because EB is a trigger
Examination of Books and Records
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Amendatory Endorsement (Ca.)
CL 0162 08 06 – Used in California
Deletes the “cancellation” language in the CL 0100 and adds California specific language regarding “Cancellation and Nonrenewal”
It is all about the trigger of coverage
• Most coverages are within the primary coverage form
• Triggered by the Declarations page
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Construction
Two base forms Farm Commercial Liability Coverage Form Agribusiness Commercial General Liability
Coverage Form
Ag CGL Coverage Structure
Agreement Definitions Principal Liability Coverages Supplemental Payments What Must Be Done In Case Of Loss How Much We Pay Conditions Nuclear Energy Liability Exclusion
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Polling Question #4
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Definitions
Advertisement Auto Basic territory Controlled substances Coverage territory Covered contract Damages Declarations Designated insured Electronic media Employee
Executive officer Fungus or related perils Impaired property Indemnitee Insured Leased worker Limit Loading or unloading Mobile equipment Occurrence Personal and advertising injury
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Definitions
Pollutants Products Products/completed work hazard Property damage Short-term rented premises Silica Suit Temporary Worker Terms Volunteer Worker Your Work
34 Definitions in AllWords defined will be
in “quote marks”
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Principal Liability Coverages
Coverage L—Bodily Injury Liability and Property Damage Liability
Coverage M—Medical Payments
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Principal Liability Coverages
Coverage N—Farm Chemicals Limited Liability $25,000 Automatic or DEC
Coverage O---Fire Legal Liability $50,000 or DEC
Coverage P—Personal and Advertising Injury Liability
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Additional Coverages By End
Coverage T Aircraft Crop Dusting Bodily Injury and Physical
Injury to Property Aircraft Crop Dusting Physical Injury to Property Contingent Aircraft Crop Dusting Bodily Injury
and Physical Injury to Property Contingent Aircraft Crop Dusting Physical Injury
to Property
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Additional Coverages by End
Coverage Y Employee Benefits Liability Claims-Made
Basis Employee Benefits Liability Extended
Reporting Period
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Polling Question #5
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Additional Coverages by End
Coverage Z Employment Practices Liability—Claims-
Made Basis Employment Practices Liability Extended
Reporting Period
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43 Exclusions
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Endorsements
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Endorsements
See attached AAIS current endorsement list
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Thanks for Attending
CIG offers an agent’s discount for all Insurance Community classes. Check out the calendar at www.insurancecommunitycenter.com
OR join the University and attend all the classes you want and use the universities products.
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