Farm 301 - Business Interruption and Equipment Breakdown for Farms


Date and Time: April 20, 2023 8:30 a.m. - 12:45 p.m. MST

This registration page is for IISK members.  Please register with your local office: IISA

WEBINAR  |  BUILDING  |  TECHNICAL

Did you know that the farming industry in Alberta is the second largest industry, second only to the oil industry?  Many farm policies are undervalued and don't have adequate coverages.  Protect yourself and your clients from unexpected and underinsured losses.

Distinctive products have been developed to provide the specialized coverages required for these exceptional enterprises.  Where Farm 201 - Complex and Specialized Farms April 13, 2023 ends this session begins. You will be introduced to Equipment Breakdown exposures in intensive farm livestock operations (heating,cooling,feeding,watering,waste removal, and the wide variety of handling/processing equipment), seed growing and handling facilities, and others.  You will learn about coverages used to insure Equipment Breakdown coverages and how it can apply to a wide variety of farm types in order to illustrate the significance of the exposure to farm clients as well as suggest different options to insure against these losses.

You will learn how to recognize the different Business Interruption / Loss of Income needs of complex farm risk to better counsel and protect client's income losses when faced with a significant loss.

You will gain greater credibility with clients and be able to better understand and/or describe farm risks to underwriters. In addition, you will have a greater sense of how claims are settled for these types of exposures on farms.


You will gain a better understanding of:

  • Equipment Breakdown coverages including optional coverage and/or limitations related to farms of these types
  • The wide variety of types of equipment that are typically found on these operations - examples will be illustrated
  • Business Interruption / Loss of Income will be reviewed in depth, both coverage options and how losses are settled, allowing you to recommend the coverage most suited to their needs
  • Loss examples will illustrate how both of these coverages will apply (or may not apply) during a claim event

Presenters:

Kevin Callbeck, BComm, FCIP was a National Farm Portfolio Manager for the Co-operators General Insurance and worked in the insurance industry for more than 34 years.  He's enjoyed a great variety of roles, all related to farming in both direct and indirect ways, working Claims, Loss Control, Underwriting and Product/Portfolio.  Kevin was raised on a 2500-acre mixed cattle and grain farm near Turtleford, Saskatchewan, and went on to complete his Bachelor of Commerce at the University of Saskatchewan in 1986.  Soon after joining the insurance industry, he completed first his CIP, then completed his Fellowship in 2003.  Freshly retired, Kevin continues to actively monitor the factors that shape farming and the implications for farmers and their insurance needs.

Dave Latham, FCIP began his claims adjusting career in 1982 working for a National Independent Adjusting firm continuously until 2008, managing a number of offices for over 20 years.  Dave works with Central Alberta Adjusters in Red Deer AB.  Dave obtained his bachelors degree in economics and Political Science at the University of Victoria in 1979 and attained his AIC (CIP) in 1985 and Fellowship in 1988.  Dave was an instructor for the Insurance Institute of Canada from 1988-2003 in Vancouver, Surrey BC and in Brandon MB.  Dave has worked throughout BC, Alberta and Manitoba with a focus on Commercial, Industrial and Agricultural property and liability claims.  Dave has managed offices and accounts for commercial chemical applicators throughout all three Prairie provinces for over the past ten years. Dave has also been involved in Seedman's Liability, specialty farm (dairy, honey, organic), feed liability as well as family farm losses.

Jasmine Sun got her start in insurance through the Humber College Insurance Management program. She is currently a Junior Underwriter on the Equipment Breakdown team at Sovereign Insurance.

Format:

Webinar
Registration:     8:15 a.m.
Presentation:    8:30 - 12:45 p.m. MST

CE Credits:  3.75 CE Hours

* If you require CE credits for licensing renewal requirements in provinces other than Saskatchewan, please check with your provincial licensing regulator for validity.

Registration deadline is April 13, 2023

Don't miss the full Farm Insurance series:
- Farm 101 - Introduction to Farm Insurance on April 6, 2023.        
-
Farm 201 - Complex & Specialized Farms on April 13, 2023.

Corporate Rate: $70 per attendee for groups of 5 or more (membership is additional for non-members).  To register with a corporate rate, please contact iismail@insuranceinstitute.ca .

Please be aware that tardy arrival to or early departure from any seminar or, in the case of a webinar an incomplete session as a result of unresolvable technical difficulties, will preclude IISK from issuing a CE certificate for the seminar.

Cancellation:Sorry, no refunds issued, with the exception of an incomplete session as a result of unresolvable technical difficulties. Substitution of another person is acceptable - please notify us of such changes so CE records can be adjusted appropriately. IISK reserves the right to cancel this seminar due to unforeseen extenuating circumstances - in such an event, all fees will be refunded.

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