NongHyup Implements Electrical Safety Inspections for Livestock Facilities and Offers Discounts on Livestock Disaster Insurance Premiums

[Asia Economy Reporter Kim Hyunjung] NongHyup Economic Holdings announced on the 23rd that it will conduct electrical safety inspections for livestock barns and livestock disaster insurance premium discount projects for pig and poultry farms in collaboration with NH NongHyup Property & Casualty Insurance and Korea Electrical Safety Corporation.

This project is led by NongHyup Economic Holdings to promote electrical safety inspections for livestock barns. NH NongHyup Property & Casualty Insurance offers discounts on livestock disaster insurance premiums to farms with excellent electrical safety inspection grades, and Korea Electrical Safety Corporation conducts inspections at cost level.

Through this, it is expected to enhance the practical benefits for livestock farms and increase the effectiveness of fire prevention in livestock barns by ▲ promoting electrical safety inspections to prevent electrical fires in barns ▲ discounting electrical safety inspection costs for barns ▲ providing livestock disaster insurance premium discounts to farms with excellent electrical safety grades.

Farms wishing to participate in the project can submit the 'Barn Electrical Safety Inspection Application Form' to the nearby livestock cooperative by the 5th of next month. NongHyup Economic Holdings and Korea Electrical Safety Corporation will select farms urgently needing safety inspections and repairs (around 30 farms) and provide electrical safety inspection consulting for each farm.

Kim Taehwan, CEO of Livestock Economy, stated, "We hope that this barn electrical safety inspection project will remove fire risk factors in advance and have a practical fire prevention effect."