For Which Scenarios May Agricultural Experts Need Legal Defence Coverage?
Errors & Omissions (E&O) / Professional Liability Insurance can provide legal protection in the following scenarios:
> Disease spreads through a rancher’s livestock infecting several animals that need to be put down. The rancher serves your consultancy with a lawsuit citing your negligence in not recommending the necessary preventative measures
> A farmer plants crops as per your recommendations but a miscalculation of the soil’s cation exchange capacity and base saturation levels or mismeasurement of the soil’s pH, phosphorus or potassium levels lead to crop failure and a subsequent lawsuit
> Your marketing recommendations cause a farmer to lose money
> A rancher or farmer misunderstands or misapplies your recommendations, experiences a loss and sues to recover those losses
Legal coverage provided by E&O insurance for agricultural specialists can include lawyers’ fees, legal defence costs, out-of-court settlements and damages awarded by a court or tribunal.