Farm and agribusiness operations face many risks. An important technique for managing some of these risks is contractual risk transfer. Contract documents form the basis of the agreements between the parties involved. While farmers generally pay a great deal of attention to the operational issues addressed in these contracts, they too often overlook the risk and insurance implications. This course provides an overview of risk transfer in agricultural contracts, with specific attention to the risk and insurance issues.

Upon completion, students will be able to:

• recognize the role of contractual risk transfer within a farm or agribusiness risk and insurance program
• recognize the scope and limitations of contractual liability coverage provided by standard insurance policies and endorsements used in agriculture
• recognize the significance of additional insured status and identify appropriate ways of providing it in insurance policies and endorsements
• identify the benefits, limitations, and best practices associated with the use of certificates of insurance

Property and casualty risk, safety, insurance, and finance professionals