Agribusiness Auto- Philadelphia Insurance Companies

Surprising Help for the Top Agribusiness Insurance Claim

As an agent or broker with agribusiness clients, you know how important insurance is to protect them in the event of:

  • Weather damages to crops, buildings, contents, or livestock
  • Other loss of buildings, stored commodities, or livestock
  • Fire, smoke, and explosions
  • Damage to equipment and agricultural infrastructure
  • Business interruption, vandalism, and more

Through insurance liability coverages, you can craft a fairly comprehensive protection plan that should go far to help neutralize or lessen the effects of risks they may not be able to avoid. But who you find to provide their coverage could greatly impact this top agribusiness insurance claim.

The Unexpected Driver of Agribusiness Insurance Claims

According to The National Institute for Occupational Safety and Health (NIOSH) and other key sources, the top agribusiness insurance claim is for transportation. While agribusiness is considered by many to be more hazardous than other industries, the fact that transportation claims are what rises to the top of the list may be surprising.

A good insurance company that looks out for its clients should do more than provide coverage. It should also provide services to reduce and manage risk exposure. Among companies that offer agribusiness insurance (both farmowners and commercial), Philadelphia Insurance Companies (PHLY) does just that: it stands out with a comprehensive vehicle telematics program in addition to auto coverage. It's a program that has been proven to lower the risk of accidents by improving driver behavior.

Risk Is Reduced with PHLYTRAC in the Driver's Seat

PHLY provides access to the PHLYTRAC program to all insureds free of cost through its risk management services. In addition, PHLYTRAC offers GPS monitoring and training to lower the costs and potential for driver-related accidents.

PHLYTRAC installs in minutes and provides real-time insights on driver behavior through:

  • An online dashboard: allowing complete control and visualization of telematics data
  • Live maps: providing real-time vehicle location to see the status of all vehicles at a glance
  • Vehicle health data, including odometer tracking and seatbelt use
  • Geofencing for alerts if a vehicle moves outside of a preprogrammed area
  • Time alerts if a vehicle is operated outside of a set timeframe

But where PHLYTRAC can really make a difference for your agribusiness clients is with its customizable alerts for speeding, hard braking, sudden acceleration, and more. These alerts address the most common causes of accidents and can help change driver behavior to lessen risk. Using PHLYTRAC can even save money on fuel because of decreased speeding.

PHLYTRAC Comes With PHLY Coverage

Your agribusiness clients will have access to PHLYTRAC if they have a PHLY's farmowners or commercial agribusiness insurance. These industry-leading liability coverages help handle the majority of the risks agribusinesses face and include:

  • General liability: Protects against liability claims for property damage or bodily injury happening on the premises or caused by operations or the products. PHLY has limits of $1M for each occurrence/$2M aggregate.
    • Farmowners insurance offers additional farm liability with limits of $1M for each occurrence/$2M aggregate and includes a deluxe endorsement at no charge
    • Commercial agribusiness insurance includes employee benefits liability
  • Property: Provides financial reimbursement in the case of property damage or theft and if someone other than the owner or renter is injured. PHLY includes business income, vandalism reward reimbursement, replacement costs, boiler or mechanical breakdown, and elite property enhancements.
  • Auto: Provides coverage for owned/non-owned and hired autos for liability and physical damage. It also includes rental reimbursement.

Plus, PHLY can help protect every part of the agribusiness with directors and officers, employment practices, and cyber security coverages. PHLY provides inland marine, flood, earthquake, Bell Endorsements with generous limits, and a crisis management enhancement endorsement with a $25,000 limit.

PHLY Doesn't Stop There

Your clients can also count on PHLY for:

  • $10M Umbrella liability
    While other carriers may have decreased their umbrella liability limits-the coverage in excess of the customer's regular liability limits-PHLY has limits of up to $10M.
  • Crop insurance
    With crop losses in the tens of billions due to weather and fire, one critical insurance plan that may be missing from other carriers is crop insurance. PHLY is pleased to make this vital insurance available through its sister company, Tokio Marine HCC. With over half a billion dollars in crop insurance coverage in force, TMHCC is a valuable part of the benefits of working with the PHLY family.
  • Environment and pollution
    PHLY has a robust program to help with runoff and chemical drift concerns, a differentiator in the industry.

Get More With The PHLY Difference

Your agribusiness clients deserve one-stop shopping with a carrier that provides more when others have reduced coverage or pulled out of the market. With an A++ Superior Rating for Financial Stability from AM Best Company, they can trust PHLY to be there for them through wind, hail, fire, flood-or any equipment/building damage they face.

But beyond the coverage, they can also take advantage of PHLYTRAC to increase driver safety and lessen claims. PHLY truly looks out for where your clients experience the most risks. Learn more about PHLY's insurance solutions for commercial agribusinesses and farmowners by visiting our product pages or contacting your PHLY representative today. And learn more about PHLYTRAC, too.

Share to Facebook Share to Linkedin Share to Twitter More...
This website uses cookies to ensure you get the best experience and ensure the website functions effectively.
Please Wait...

Please Wait