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For decades, farm insurers had essentially two choices when it came to selecting insurance forms and rating procedures for insuring farms and agribusinesses: to use "farmowners" forms and rating developed for family-owned and operated farms or to select components from commercial property and liability programs and modify them to fit agricultural risks. That changed in 2001 when the American Association of Insurance Services (AAIS) developed and filed its Agricultural Output Program (AgOP), a standardized program providing a wide range of commercial property and inland marine coverages designed for large agricultural operations. In 2008, AAIS followed up on the liability side by filing its new Agricultural General Liability Program (AgGL), the first standardized general liability program specifically designed for farms, ranches, and other agricultural operations.

The May 2009 issue of The Risk Report provides a detailed review of this new portfolio of specially designed policy forms and how they work to provide tailored liability protection for agribusinesses. If you subscribe on IRMI Online, you can learn all about the AGL program here.

All the best,

Jack Gibson, CPCU, CRIS, ARM
International Risk Management Institute, Inc.