Farm insurance in 2020
Industry risk appetite falls; review and reduce policies
Among the current global turmoil, we explore the impact on the insurance industry and what it means for UK farmers’ risk management. Thankfully for now, main agricultural production has been relatively sheltered from the immediate impact we have seen in sectors such as hospitality and retail. As such we have not seen a huge financial strain on insurers in this sector – though plenty of enquiries to clarify policy positions.