Income Protection NZ :: News
SHARE

Share this news item!

WFI Insurance Observes Significant Reduction in Farm Liability Claims

WFI Insurance Observes Significant Reduction in Farm Liability Claims

WFI Insurance has reported a notable decrease in farm liability claims across various categories, signaling a positive shift in safety practices within the Australian agricultural sector.
This trend underscores the industry's commitment to enhancing on-farm safety and reducing incidents.

Over the past year, WFI observed a 75% reduction in falls from height and a 30% decline in impact injuries, marking the lowest levels in four years. These improvements highlight the effectiveness of safety protocols and awareness campaigns implemented across farms.

Andrew Beer, Executive General Manager at WFI, emphasized the importance of these developments, noting the severe consequences that can arise from on-farm accidents. He pointed out that while progress has been made, certain risks persist, particularly those associated with heavy machinery and large animals. Additionally, farm property damage claims resulting from severe weather have increased by 32%, indicating the need for continued vigilance.

Self-managed repairs to machinery have been identified as a leading cause of injury, often due to machinery not being properly disengaged. Factors such as fatigue and the omission of critical safety steps to expedite tasks have also contributed to incidents. In the first half of this year, there were 30 deaths and 74 injuries on farms, compared to 32 deaths and 122 injuries in the entire previous year, suggesting a downward trend in farm-related incidents.

WFI's claims data over the past five years indicates that cuts are the most common injury type, comprising almost one-third of claims, followed by fractures (19%) and soft tissue injuries (17%). The insurer's partnership with Farmsafe Australia, including sponsorship of the annual 'Safer Farms Report,' demonstrates a commitment to promoting farm safety.

These findings underscore the critical importance of continued education and implementation of safety protocols in the agricultural sector. By maintaining vigilance and adhering to best practices, farmers can further reduce the risk of accidents and ensure a safer working environment for themselves and their communities.

Published:Monday, 13th Apr 2026
Source: Paige Estritori

Share this news item:

Insurance News

Rising Insurance Costs Threaten Australian Small Businesses Rising Insurance Costs Threaten Australian Small Businesses
13 Apr 2026: Paige Estritori

Small business insurance premiums in Australia have surged by up to 60% since 2019, rendering coverage increasingly unaffordable for many enterprises. The Insurance Council of Australia attributes this escalation to outdated liability laws, escalating legal costs, and governmental red tape. - read more
Significant Decline in Australian Commercial Insurance Rates in Late 2025 Significant Decline in Australian Commercial Insurance Rates in Late 2025
13 Apr 2026: Paige Estritori

In the fourth quarter of 2025, Australian commercial insurance rates experienced a notable decline, with prices dropping by 12%. This marks the most significant decrease among the eight regions monitored by Marsh's Global Insurance Market Index. The primary driver behind this trend is heightened competition within the market, as international insurers have expanded their presence, providing additional capacity that has contributed to the rate reductions. - read more
Queensland Small Businesses Struggle with Escalating Insurance Costs Queensland Small Businesses Struggle with Escalating Insurance Costs
13 Apr 2026: Paige Estritori

Insurance affordability has emerged as one of the most pressing challenges facing small businesses across Queensland and increasingly across Australia. A recent submission by Business Chamber Queensland to the Parliamentary Joint Committee on Corporations and Financial Services outlines why insurance products are not keeping pace with the realities small businesses face, and what can change. - read more
Harland Green Unveils All-Risk Farm Insurance for Large-Scale Operations Harland Green Unveils All-Risk Farm Insurance for Large-Scale Operations
13 Apr 2026: Paige Estritori

In a significant development for Australia's agricultural sector, Harland Green, a newly established Lloyd's coverholder, has introduced an all-risk farm insurance package tailored for large commercial farming operations. This initiative seeks to address the complex and often underserved insurance needs of substantial agribusinesses. - read more
WFI Insurance Observes Significant Reduction in Farm Liability Claims WFI Insurance Observes Significant Reduction in Farm Liability Claims
13 Apr 2026: Paige Estritori

WFI Insurance has reported a notable decrease in farm liability claims across various categories, signaling a positive shift in safety practices within the Australian agricultural sector. This trend underscores the industry's commitment to enhancing on-farm safety and reducing incidents. - read more
How Reinsurance is Protecting Australian Insurers from Massive Losses How Reinsurance is Protecting Australian Insurers from Massive Losses
13 Apr 2026: Paige Estritori

In recent years, Australia has faced a surge in natural disasters, leading to significant financial challenges for the insurance sector. To navigate these turbulent times, Australian general insurers have increasingly turned to reinsurance—a strategy that has proven to be a financial safeguard against substantial losses. - read more


Life Insurance Articles

How Tradespeople Can Maximize Tax Deductions Through Insurance How Tradespeople Can Maximize Tax Deductions Through Insurance
Tradespeople work hard to earn their income, often facing unique expenses that can impact their bottom line. Understanding and maximizing tax deductions is crucial for minimizing these costs and keeping more of what they earn. By making informed decisions about expenses, tradespeople can significantly reduce their taxable income. - read more
Life Insurance and Estate Planning: What You Need to Know Life Insurance and Estate Planning: What You Need to Know
Life insurance and estate planning are critical components of financial security. They ensure that your loved ones are protected financially when you are no longer around. By understanding these tools, you can take significant steps to secure your family's future. - read more
The Impact of Health and Medical History on Insurance Premiums The Impact of Health and Medical History on Insurance Premiums
Life insurance is a critical component of a sound financial plan. It provides financial security and peace of mind to you and your loved ones, ensuring that they are taken care of in the event of your untimely death. - read more
Income Protection Insurance vs. Life Insurance: What's the Difference? Income Protection Insurance vs. Life Insurance: What's the Difference?
Insurance is a crucial aspect of financial planning, offering protection against unexpected events that can have significant financial impacts. Among the various insurance options available, two prominent types are Income Protection Insurance and Life Insurance. - read more
Why Every Australian Needs Income Protection Insurance Why Every Australian Needs Income Protection Insurance
Income protection insurance is designed to provide financial support if you are unable to work due to illness or injury. It ensures that you continue to receive a portion of your income, allowing you to cover your living expenses and maintain your standard of living during difficult times. - read more
Health Fund Rebates 101: What Every Australian Needs to Know Health Fund Rebates 101: What Every Australian Needs to Know
Exploring the realm of health insurance can be like navigating a labyrinth, replete with complex terms and varying policies. Among these, health fund rebates emerge as a crucial element, particularly for young Australians embarking on their journey of health coverage. Fund rebates can significantly lighten the financial burden, transforming the quest for health insurance from daunting to empowering. - read more

Start Here !
income insurance protection

Start Here

Monthly Income Benefit:
Postcode:

All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Actuary:
A professional who analyzes the financial costs of risk and uncertainty using mathematics, statistics, and financial theory.