Agricultural businesses may not recognize their environmental risks — from the collapse of a grain elevator or a spill from a fuel or chemical tank, or runoff into waterways — but those exposures can lead to costly liabilities that are not covered by a traditional commercial general liability policy or agriculture insurance.
While the number of farms has decreased, total U.S. agricultural output has more than doubled since 1948 as farmers make greater use of chemicals, energy and machinery to substitute for human labor.
Amid heightened scrutiny and intensified regulations, pollution incidents pose a greater risk for vital agricultural businesses. A strong risk management strategy and a pollution insurance program that addresses these potentially expensive incidents can provide the backstop they need.
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Download our advisory, "Agricultural Businesses Face Unrecognized Environmental Risks," to learn how businesses can reduce operational pollution risks and address gaps in insurance coverage.