Canadian farmers can now access a new on-farm fire risk reduction programme when they insure their farm businesses with ICMIF member Co-operators. The programme will provide farm insurance customers with incentives to promote farm fire prevention using the latest innovation in detection solutions provided by PrevTech Innovations Inc. The PrevTech Solution provides electrical monitoring, fault detection and diagnostic services to reduce the risk of fire and operational interruptions on farms caused by electrical faults.
The programme offers Co-operators farm insurance customers a new cost-sharing incentive to install a PrevTech Solution in their barns. PrevTech’s solution provides continuous, 24/7/365 monitoring of a farm’s electrical network for electrical and thermal anomalies and faults on a farm’s network. A complete dashboard of a farm’s electrical network is available through any mobile device, and when necessary, alerts are sent directly to customers so a detected problem can be addressed. PrevTech will reach out to customers to provide guidance, diagnostic services and unique expertise to take action and the right corrective measures. The PrevTech Solution has also proven to prevent inconvenient and costly equipment downtime by detecting early signs of equipment malfunction, like motors, fans and augers.
“Our partnership with PrevTech solidifies our commitment to proactively identify unique needs for farms and provide innovative solutions for our clients,” said Steve Johnston, AVP Farm Portfolio at Co-operators. “When working with our farm clients, we are committed to design a policy tailored to their needs and strive to provide solutions and advice to protect the things that matter most.”
“Roughly 50 per cent of all barn fires are caused by faulty electrical systems,” says Pierre-André Meunier, PrevTech’s Founder and President. “So, it makes sense to closely monitor the health of a farm’s entire electrical network to detect electrical anomalies and faults that may cause costly equipment downtime and potentially escalate to serious problems and farm fires. We’re proud to partner with the Co-operators to prioritise the safety and protection of farms and farm families across Canada.”
Many other ICMIF members are also working towards disaster risk reduction and prevention. There are 20 case studies on what our members are doing in the report From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction which was launched earlier in 2021.
ICMIF will also host a webinar “Prevention as a strategic advantage for mutuals” on Monday 22 November 2021 at 3pm GMT in which we will launch a new online Hub of yet more prevention case studies from ICMIF member organisations. If you are reading this after the date of the webinar you can request access to the recording via the above link.