Presenters: Glen Drinnan (CEO) & Peter Drinnan (Head of Claims) at Harland Green

Light breakfast served at 7:00am

Seminar: 7:30am-8:30am

Summary

Under-insurance in farming has become the norm – but it’s more dangerous than it looks. Many farmers accept lower cover to save on premiums, telling themselves the risk is manageable.

The problem? When something goes wrong, particularly with bushfires or other major losses, that cover often falls short. What looks like savings up front can lead to major financial loss later – turning policies into “junk insurance” that doesn’t deliver when it matters.

The simple truth: a small cost in premium can mean a big cut in payout.

The fix isn’t just spending more – it’s about smarter buying. Ensure everything is covered for that catastrophic event, and structure your policy to cater for more frequent events. Done right, farmers can get full protection without wasting premium.

Key Learning Objectives:

• Understand how widespread and severe under-insurance has become in the farming sector
• Recognise why farmers justify taking on under-insurance risk – and why that thinking can be flawed
• Identifying the concept of “junk insurance” and how inadequate cover can fail at claim time
• Grasp the basic logic: small premium savings can lead to large financial losses
• Learn how to prioritise and value assets to ensure meaningful coverage
• Explore practical strategies to achieve full, effective insurance without unnecessary premium spend

1 CPD & 1 CIP Accredited