Nationwide: Top 10 Commercial Agribusiness Claims

Over the last three years, the top 10 types of agribusiness claims have accounted for more than 50,000 claims received by Nationwide. The U.S. farm insurer, has released the top 10 commercial agribusiness claims received in 2017:

Top 10 Agribusiness Insurance Claims:

1. Motor Vehicle Accidents
2. Workers Compensation for Disability or Death
3. Misapplication of Chemicals or Drift
4. Slip, Fall or Injury
5. Food Related Claims
6. Animal Caused Damage or Bite
7. Glass Breakage
8. Wind Damage
9. Hail or Lightning Damage
10. Fire Damage or Loss

Motor vehicle accidents were the most common commercial agribusiness claim Nationwide received in 2017. Over the past three years, motor vehicles accidents have accounted for more than 20,00 total commercial agribusiness claims. Nationwide’s data for these accidents show the following trends in frequency and severity:

Most Frequent Accidents:

1. Rear End Accidents
2. Backing into Vehicles
3. Accidental Strike of Stationary Object

Accidents Causing Most Significant Damage:

1. Overturned Vehicles
2. Head on Collisions
3. Intersection Accidents

Source: Nationwide