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Insurance experts warn farmers over rising liability claims


Insurance experts warn farmers over rising liability claims
11 January 2021 |
The warning comes amid an escalating personal injury awards over the last decade
The consequences of receiving a liability claim that exceeds a farmers insurance policy indemnity limit could be catastrophic for their business, an insurance firm has warned.
Currently, there are a number of cases going through the courts where the personal injury awards are likely to be between £10m and £20m.
According to Acres Insurance Brokers, the record UK award is in the region of £37 million.
“Probably the most important insurance cover that any farmer should have is liability insurance,” said Nigel Wellings, director of the firm. ....

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