Trillium Mutual Insurance Company Partners with PrevTech Innovations
New partnership to provide intelligent 24/7 monitoring of agricultural electrical systems
Listowel, ON (Oct. 1, 2020) – Trillium Mutual Insurance Company is very pleased to announce that it has partnered with PrevTech Innovations to reduce Agricultural structure fires. Trillium has pre-purchased a number of PrevTech Smart Sensor units which will immediately be made available to any of their Agri-business Members who are invested in effective risk management. Trillium Mutual has also developed an industry unique incentive for our Members who adopt the solution.
According to the Canadian Farm Builders Association, more than 40% of farm fires are caused by faulty electrical systems. Fire is one of the leading causes of loss to agricultural operations across Ontario, resulting in millions of dollars in damages every year.
Fire is one of the leading causes of loss to agricultural operations across Ontario, resulting in millions of dollars in damages every year.
PrevTech provides Prevention and Protection for Agricultural operations. The solution is simple to install and non-invasive. The unit continuously monitors the network for electrical and thermal anomalies and provides early warning of potential failures and preventative diagnostics. When a fault is detected, it simultaneously alerts the farmer, their electrician, and PrevTech’s team. The information can then be consulted through a simple user interface. PrevTech’s team will accompany the producer to assess criticality and discuss potential corrective measures.
“PrevTech has developed a proven solution that will allow our members to quickly identify and resolve minor issues before it becomes a serious problem. Fires on a farm can have devastating impacts beyond replacing a structure. This diagnostic tool, in addition to PrevTech’s expertise, will provide farmers with an extra set of eyes to help prevent this devastation and costly downtime. It is our aim to provide a solution that will be a valued asset for many farm operations across Ontario” said Tracy MacDonald, President & CEO of Trillium Mutual Insurance.
“We are excited by the launch of our partnership with Trillium. We have been working closely together through a diligent and successful pilot program. We are now looking forward to serving their Members by providing a helping hand in keeping their electrical network safe and efficient. We are particularly pleased by the recognition of our service-based approach to prevention; a determining factor in reducing the risk of barn fires” said Pierre Andre Meunier, CEO of PrevTech.
To learn more about Trillium Mutual Insurance Company’s PrevTech Program, and to have the solution installed on your farm, contact any one of Trillium Mutual Insurance Company’s qualified Farm Insurance Brokers across Ontario.
About Trillium Mutual Insurance
The roots of our organization began 140 years ago. Trillium Mutual was established on January 1, 2004 as a result of an amalgamation between Formosa Mutual Insurance Company (established in 1880) and Elma Mutual Insurance Company (1884). The dynamic of this evolution is an organization that recognizes the value of the past, present, and future. Our Board of Directors and all of our staff are dedicated to sound corporate governance and being leaders in our industry. At Trillium Mutual Insurance we develop insurance solutions for people, not profits. We are rooted in the idea that through partnerships we can give people peace of mind for life’s unexpected events. Ultimately, we are accountable to our members and their communities in everything we do. We are in this together! We are built on the values of the past and look forward to implementing them for the future. For more information, visit www.trilliummutual.com.
About PrevTech Innovations
PrevTech Innovations, based out of Quebec with a presence in Mitchell Ontario, works with farmers to identify and correct electrical and thermal issues that could evolve into much larger problems. Their mission is to reduce the risk of fires on the farm while providing peace of mind protection to their clients. To learn more about PrevTech, visit prevtech.ca.
SOURCE: Trillium Mutual Insurance Company
Tags: agriculture, partnership, Trillium Mutual
Read the original article at Insurance-Canada.ca