Income Insurance 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


Life Insurance Articles

Income Insurance Claims 101: How to Get Paid Without the Stress Income Insurance Claims 101: How to Get Paid Without the Stress
Welcome to 'Income Insurance Claims 101', where we navigate the ins and outs of securing your financial wellbeing in uncertain times. As a working Australian, one of the smartest moves you can make is safeguarding your income against unforeseen events that could leave you unable to work. That's where income protection insurance enters the scene – it's not just a policy, it's peace of mind. - read more
Why Income Protection Insurance Matters for Every Australian Earner Why Income Protection Insurance Matters for Every Australian Earner
The unpredictable nature of life can often leave us vulnerable to financial uncertainty, especially when it comes to our ability to earn an income. Whether due to illness, injury, or unexpected job loss, the loss of income can have a devastating impact on our financial stability and quality of life. This is where the importance of insurance in financial planning becomes evident. - read more
Life Insurance Essentials: Protecting Your Growing Aussie Family Life Insurance Essentials: Protecting Your Growing Aussie Family
Life insurance remains one of the most crucial considerations for new parents aspiring to provide a secure future for their growing families. The arrival of a child marks a transformative moment, redefining priorities and responsibilities. At its core, life insurance is a safety net, designed to offer financial protection and stability to loved ones in the event of an unforeseen tragedy. - read more
Protecting Your Legacy: Estate Planning and Life Insurance for Australians Protecting Your Legacy: Estate Planning and Life Insurance for Australians
When thinking about the future, it's essential to have a comprehensive strategy that ensures the well-being of your loved ones and the security of your assets. Estate planning and life insurance are two critical pillars in safeguarding your family's financial stability. Despite the complexity often associated with these topics, understanding their importance and implementing them correctly can provide immense peace of mind. - read more
Maximizing Your Income Protection Payout: Tips and Strategies Maximizing Your Income Protection Payout: Tips and Strategies
In the realm of personal finance, security is a cornerstone that cannot be overlooked, and this is where income protection insurance steps in. For Australians, the peace of mind that comes with knowing you're covered against loss of income due to illness or injury is invaluable. This form of coverage acts as a financial safety net, ensuring that life's unexpected twists do not leave you in a lurch. - read more

Start Here !
income insurance protection
Apply now for your free Income Insurance assessment and price comparisons!

Start Here

Monthly Income Benefit:
Postcode:

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

Knowledgebase
Loss of Use:
Insurance coverage that pays for the additional living expenses if your home is uninhabitable due to a covered loss.