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Farmers face tighter controls on business insurance

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U.K.-based farmers are facing tighter controls on business insurance as the Insurance Act 2015 takes effect in August, reported Farmers Weekly.

Insurance brokers have warned farmers that setting up policies will take far longer now. The Insurance Act 2015 will impose a duty of "fair presentation," requiring businesses to provide evidence that they have carried out a more rigorous and thorough risk assessment.

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