INDIANAPOLIS — Accidents in the farming industry cause physical damage, as well as financial consequences.

Dean Payne, the director of property and casualty markets with Indiana Farm Bureau Insurance, noted that the company has had three workers compensation claims reported due to farm-related incidents just since this past June.

“There could be a lot more out there, but they’re not workmen’s comp,” he said.

The recent Indiana Farm Fatality Summary compiled by the Purdue University Agricultural Safety and Health Program documented that there were 26 farm-related fatalities in 2012.

All the accidents for which Indiana Farm Bureau Insurance gave payouts involved grain handling, Payne said.

Over a three-month span, Indiana Farm Bureau Insurance has paid out $746,000 in claims, he said.

Payne added that one of the claims was paid to a farmer who has held an insurance policy with the company for the last 15 years.

He said that individual received more than $49,000 in workers compensation payments after he smashed his hand between an auger and a Bobcat.

The second incident was a large payout and also involved a seasoned client, who had held a policy with Indiana Farm Bureau Insurance for more than 11 years, Payne said.

He noted that farmer received $426,332 in claims when he lost his left hand after it became stuck in an auger while he tightened some nuts on the machine.

The third incident dealt with a new client who received close to $270,000 when he was shoveling grain into a bin’s inspection hole and tripped and fell into the pit, suffering a severe laceration on his arm along with nerve damage, Payne said.

As long as the farmer is not negligent, having a workers compensation policy helps protect them and their employees.

Payne stressed that insurance is a hot topic in the agriculture industry, but those producers who are going to be working around grain or who have a grain handling and processing operation need to have workers compensation.