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Information
Farm Property In Depth – Dwelling, Private Structures and Household Personal Property
Length: 2 Hours
According to a 2023 U.S. Department of Agriculture (USDA) study, average farm size in the U.S. is 464 acres. The vast majority of these farms are owned and controlled by individuals and families. As such, farm insurance needs are more consistently that of what is known as the ‘small or hobby farmer’.
Routinely, they are engaged in classic personal activities and are best protected by policies that address their personal uncertainties. Often they are engaging in business pursuits and their uncertainties must be addressed with policies that more align with their commercial coverage needs.
This presentation will focus on property risks faced by this group of entrepreneurs – both personal and commercial. The basis of the discussion will be the property coverages available in ISO’s farm program.
Basic Course Information
Learning Objectives- Understand the Unique Needs of Small and Hobby Farmers
- Explore Property Risks and Coverage Options
- Differentiate Personal and Commercial Insurance Applications
Major Subjects
- Profile of the Small and Hobby Farmer
- ISO Farm Program Overview
- Risk Management for Small and Hobby Farms
Samuel T Bennett, CIC, AFIS, CRIS, CPIA, CPRM
Sam Bennett is an active retail producer, presenter, and shareholder in Harrison Agency, Inc. of Columbia, MO. He began his insurance career in 1987 and has been an Independent Insurance Agent from the beginning. He has worked with individuals, families, and small businesses his entire career. In this capacity, he has worked in the personal lines, commercial lines, agribusiness and life and health marketplaces. As a result of working with many types of clients, many carriers, and many coverage needs, Sam has grown to understand and appreciate the important ways an insurance professional must work with markets and clients in today’s insurance world.
Sam obtained his Certified Insurance Counselor (CIC) designation in 1996. He has taught coursework for the National Alliance in their CISR program since 2000, has presented in their CIC program since 2004, and in 2009 became a National Faculty Member of the Society of CIC. Sam is also a speaker in IRMI’s Agribusiness and Farm Insurance Specialist (AFIS) program and is a speaker in the AIMS Society’s Certified Professional Insurance Agent (CPIA) program. He has been called upon to offer insurance education in conferences and symposiums across the country over the past twenty plus years.
As much as he enjoys speaking on insurance topics, Sam’s true passion is cooking. BBQ and soul food are his specialties. He likes nothing more than a lively pulled pork/crawfish/catfish/collard green discussion.
This course has no breaks
