Lecture 4 - Insurance

Question 1

why is it important to have insurance cover?

Answer 1

to protect the business from financial hardship and provide peace and mind

Question 2

what are key accident costs

Answer 2

-human
-pain and suffering
-criminal
-financial

Question 3

what is the only insurance company that has been set up by farmers for farmers?

Answer 3

FBD

Question 4

According to FBD, how many work related fatalities were due to agriculture

Answer 4

208

Question 5

According to FBD, how many work related fatalities were due to vehicles

Answer 5

93 fatalities

Question 6

According to FBD, how many work related fatalities were due to cattle?

Answer 6

37 fatailites

Question 7

according to Teagasc national farm survey 2022, how many accidents happened on Irish farms

Answer 7

4523

Question 8

what does FBD Farm Multiperil Policy cover?

Answer 8

• Farm Dwelling House & Contents
• Outbuildings
• Employers Liability
• Public Liability
• Personal Accident
• Livestock

Question 9

what does personal accident cover?

Answer 9

*Compensation due to bodily injury
solely and directly caused by
accidental, violent, visible and
external means.
* Operates 24hrs / day
* Not restricted to accidents on farm
* Can be extended to cover injury
sustained during sporting activities
* Sold in units -
* Declare correct occupation

Question 10

what does PIAB stand for

Answer 10

personal injuries assessment board

Question 11

what are PIAB

Answer 11

independent state body which assess personal injury claims
-established in 2004

Question 12

list the laws that very business owner should be aware of

Answer 12

• Safety, Health & Welfare Act at Work, 2005
• Safety, Health & Welfare at Work General Applications Regulations,
  2007
• Safety, Health & Welfare at Work Construction Regulations , 2013
• Occupiers Liability Act, 1995
• Road Act, 1993
• Animals Act, 1985
• Control of Dogs Act, 1986
• Road Traffic Acts

Question 13

what must every farmer with under 3 employees do?

Answer 13

-fill out risk assessment document
-complete a safety statement
-comply with the farm safety code of practice.

Question 14

what does employers liability cover

Answer 14

cover for any legal liability you may have in relation to a claim arising from an accidental bodily injury or disease to an employee which can attributed to negligence in connection with the farm business

Question 15

what does FBD cover under employers liability

Answer 15

covers all farm family members over the age of 14

Question 16

what must gaurds (covers) comply with

Answer 16

machinery directive

Question 17

what are the 3 guard types available

Answer 17

1. fixed
2. moveable
3. adjustable

Question 18

name protection devices

Answer 18

-interlock switch
- light curtain
- pressure sensitive pads
-two handed controls

Question 19

what does LOTO stand for

Answer 19

lockout-tagout

Question 20

what is lockout-tagout

Answer 20

a safety procedure which is used on industry and research to ensure that dangerous machines are properly shut off and not able to be started again prior to the completion of maintenance.

Question 21

according to FBD, what are the main cause of fatal accidents

Answer 21

vehicles

Question 22

what does the animals Act 1985 imply

Answer 22

it implies that you are responsible for accidents or damage your animals may cause.

Question 23

what does the Road Act 1993 imply?

Answer 23

you are responsible for any muck left on the road which may lead to an accident

-person must be at least 16 with a provisional W class license

Question 24

what is RTA cover

Answer 24

tractor insurance
Standards covers:
-third party
- third party, fire and theft
-comprehensive