Ground Storage for Gain 
October, 06 2015, ,
Posted by Administrator
The fall harvest forecasts for 2015 project a large number of bushels to be deposited at grain elevators throughout the region. With a hefty harvest expected, we also expect to see abundant amounts of grain piled on the ground in addition to what will be stored in the elevator bins. While grain on the ground does help to alleviate storage shortages in years such as this, ground storage presents some risk management challenges for grain companies. In accordance with the requirements on a grain license, the commodities on the ground must be fully insured. Our insurance representatives will be able to help you with your needs, but there are some issues that management should know about.
There are two general subdivisions of coverage that you can receive based on your method of protection – with or without a tarp. If you are storing grain on the ground without a tarp, your covered perils would be wind (if grain is blown away and cannot be recovered), theft (if you have the perimeter secured and can prove it has been broken into), and fire/lightning. If you have your grain pile covered with a tarp, and the tarp is covered on your insurance policy (meaning you are paying premium on it), you will have coverage for damage from rain or hail if the tarp is blown off in addition to all of the aforementioned perils without a tarp.
It would be best to make sure you discuss your fall harvest plan with your insurance agent to provide him or her with your best estimate of the amount of grain you foresee storing in ground piles. Your agent will provide you with the options for the coverage you need for your particular storage plan. Depending on the insurance company, your policy can be endorsed to reflect the emergency storage or it can be audited and your premium will be changed to reflect the findings of the audit. Again, make sure to be in contact with your agent so there are no surprises either in terms of coverage or premium payments.
Harvest is an exciting and stressful time of year. If you are facing the prospect of putting grain on the ground this fall, help reduce your stress levels by contacting your KFSA agent today to discuss your harvest plan and the insurance coverages that you may need to help you have the best harvest season possible.

Do You Need A Commercial Auto Insurance Policy? 
June, 19 2015, ,
Posted by Administrator
If you run a business that requires the use of vehicles for company activities, you need a commercial auto insurance policy. Commercial insurance policies are designed to protect you against the wide variety of liability issues you face when you have employees on the road using your vehicles.

Without a commercial auto policy, if an accident were to occur, you and your company will be held accountable for property damage and injuries. Only a commercial policy can protect you and your business from financial disaster.

Whether your company has one car or a hundred delivery vans, there is a commercial policy that will suit your needs. You can obtain individual commercial policies for each vehicle used by the company, or choose a fleet policy if you have more than a few cars.

You have other insurance policies in place to protect your company from liability, fire, theft, and other potentially ruinous events. Commercial auto is the policy that will protect your company when you or your employees are on the road.

Airbags 
May, 06 2015, ,
Posted by Administrator
There are so many advances in technology we all take for granted from our cell phones to digital cable. But one piece of technology that we all take for granted until we need them is airbags. The National Highway Traffic Safety Administration (NHTSA) estimates that as of January 1, 2009, more than 28,000 people were alive because of frontal airbags, which became common in the 1990s and have been required in new passenger vehicles since the 1999 model year. 1 Eighty-two percent of the people whose lives were saved by airbags were drivers and 18 percent were front-seat passengers. Forty percent were belted and 60 percent were unbelted. Side airbags with head protection reduce a car driver's risk of death in driver-side crashes by 37 percent and an SUV driver's risk by 52 percent, an Institute analysis of U.S. crashes showed. 3 Side airbags designed to protect only the torso reduce fatality risk by 26 percent for car drivers and by 30 percent for SUV drivers. For most of us, driving is by far the most dangerous thing we do and having an effective passive safety system like airbags matters. Seatbelts matter too; they however are generally an active safety system and require the driver or passenger to engage the safety device. Both are important, both can save your life.

Business Continuity Plan 
March, 30 2015, ,
Posted by Administrator
Regardless of the size of your business it is important that your organization explore the need of having a Business Continuity Plan. Many firms fail to address the "what if’s" of disaster recovery thinking that their insurance program will make them whole. The reality is the need to have a plan on what you will do depending upon the disaster may be the difference in your continued operations.

A good starting place is to develop an impact analysis evaluating various risks your organization might have. Things such as long term power outages due to weather event to a severe virus attack on your electronic data should be considered. Many companies think they have addressed continuity of operations but here are some statistics to consider.

- Every week 140,000 hard drives crash in the United States

- 34% of companies fail to test their tape backups, and of those that do 77% have found tape backup failures.

- According to the Hartford, “over 40 percent of businesses that don't have a disaster recovery guide go out of business after a major loss, such as a fire, a break-in, or a storm. Planning ahead is one of the easiest ways to help ensure your business recovers as quickly and easily as possible”.

Your plan does not have to be complicated; however, it will likely take a team within your organization to both develop an adequate plan and execute that plan if the need arises. With storm season upon us, we urge you to not only consider continuity of operations for your business but urge you to consider the same for your household. If a disaster does strike, making sure your family is safe and has the resources they need will likely be the first priority. Pre-planning for a disaster would include essential supplies are on hand in the event of a disaster for your loved ones.

Many resources are available on the web to assist you in your planning. The key is do not procrastinate and start your evaluation now.

Why Do Accidents Happen? 
March, 05 2015, ,
Posted by Administrator
We all know that accidents arise out of two core issues unsafe acts and unsafe conditions. But what causes people to take the unsafe act? It never fails. Each year we deal with or work an accident where we all sit back and scratch our heads and wonder why and how it happened. One incident that the Risk Management department of KFSA recalls, is an employee standing on top of a shaker table in a feed mill. He was standing on the table as it is operating pushing the pellets down with a broom, essentially defeating the purpose of the shaker table. After he was done, he jumped down from the table onto a platform which acted like a springboard and tossed him just 3 feet down to the ground where he landed on his back on an I-beam. It is apparent that the unsafe condition was the platform he jumped to was not sturdy enough to hold his falling weight. Now this employee had been trained in lockout/tag-out, fall protection, and the operation of the equipment. So the question remains, if he hadn’t been taking part in the unsafe act of standing on the operating shaker table, would the accident have ever happened? The short answer is that human beings and employees enjoy risk. We understand what hazards we face in most cases and are willing to accept those hazards for either the adrenaline rush of hoping not to get caught or the joy of taking a shortcut and getting away with it. We always look for quicker and easier ways to do things. This is part of our ingenuity. However, as employers we must address unsafe acts when they occur. Even if the employee gets away with the act, in this case standing on the shaker table, we must address the issue and document that it was addressed. If the issue persists, we must reprimand the employee in some manner. This is the single most effective means to ensuring that you limit unsafe acts. The next time you conduct an inspection of your facility, look for employees taking shortcuts. Maybe you trained them on the shortcut. Address the issue, document it, and if it persists, reprimand.


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