A Walk Around the Farm - Property & Liability (Bundle)

Great Bundle for these 2 classes:

Part 1 of this class:

This presentation will concentrate on often-used ISO Farm Property Coverage Forms with a goal of familiarizing the participant with the structure and coverage intent of the farm property program.  Even though many carriers do not use ISO forms in their farm program, the information is consistent also for AAIS and most proprietary farm programs.

Part 2 of this class:

This presentation will concentrate on the ISO Farm Liability Coverage Form and select endorsements with a goal of familiarizing the participant with the structure and coverage intent of this program. 

Basic Course Information

Part 1:

• Overview of the use of Acord Agriculture Applications as effective risk identification tools
• Review of Common Policy Conditions and relevance of First Named Insured as to rights and obligations
• Review of Farm Property Coverage Declarations with emphasis on relationship between Declarations and reference thereto in the coverage form(s)
• Introduction to the Farm Property – Farm Dwellings, Appurtenant Structures and Household Personal Property Coverage Form (FP 00 12 04 16)
• Overview of the structure of the FP 00 12
• Review of Coverage Extensions – FP 00 12
• Overview of the structure of the FP 00 13
• Review of Coverage E – Scheduled Farm Personal Property
• Review of Coverage F – Unscheduled Farm Personal Property
• Review of Coverage Extensions and Additional Coverages
• Discussion of the use of endorsements and/or coverage forms to fill gaps
• Overview of the structure of the FP 00 14
• Overview of FP 00 90 – Farm Property – Other Farm Provisions Form – Additional Coverages, Conditions, Definitions  
• Overview of FP 10 60 – Causes of Loss Form – Farm Property

Part 2:

• Overview of typical farm liability exposures and introduction of coverage forms available for these exposures 
• Introduction of the ISO Farm Liability (FL) Coverage Form FL 00 20 for farm exposures
• Overview of when/why the ISO Commercial General Liability (CGL) Coverage Form CG 00 01 should be used instead of and/or in addition the Farm Liability Coverage Form for a farm operation
• Overview of the structure of the FL 00 20
• Review of Coverage H – Bodily Injury and Property Damage Liability
• Review of Coverage H – Bodily Injury and Property Damage Liability – Important Exclusions
• Review of Coverage H – Bodily Injury and Property Damage Liability – Important Exclusions - Continued 
• Introduction of “Agritainment” in the 2016 ISO Farm Liability Coverage Form
• Review of Coverage I – Personal and Advertising Injury Liability
• Review of Coverage I – Personal and/or Advertising Injury Liability – Important Exclusions
• Review of Coverage J – Medical Payments
• Review of Coverage J – Medical Payments – Important Exclusions
• Review of important Definitions found in Section IV