Farm Insurance

Farm insurance can vary with the type of farm, including hobby farms, wineries, dairy farms, poultry and cattle, horse farms, and crop farms.

For example, for cattle farms, their livestock is important and subject to the risk of loss. This makes them candidates for insurance. This insurance can be individual for high-value animals, or blanket for all animals and associated equipment.

Other things which can be insured include:

• Structures and farm related property - These can include barns, silos, storage sheds, and pens.
• Equipment - Trucks, tractors, harvesters, irrigation, feed systems and more.
• Crops and produce - Insuring against loss of crops to pests, drought, animals, theft, and so on.

Every farm will also need liability insurance. This covers you in the case that someone is injured on your farm or because of your farming activities. This could be a visitor, employee, or someone quite unrelated to your farm (if, say, an animal gets loose and damages someone else’s property).

Furthermore, many farms require pollution liability plans. Farming activities don’t always stay within the bounds of the farm itself, and others could take exception to infringement on their property and operations. This is where coverage like pollution liability comes in.

The types of coverage listed above may not apply in certain special cases. For example, if the subject of coverage falls under another policy, if you don’t take sufficient care to forestall a slow-moving and foreseeable risk, or you are engaged in illicit or unreasonably risky activities.

Farm insurance is risk management tool that farmers can use to protect their farming operation from financial, product, possessions, and liability loss.

Agri-business can range from a fruit and vegetable stand to a full-fledged farming and commercial operation.

Rates are built on protection, exposure of operations, and liability exposures and equipment along with many more factors.

This includes any building used on the Farm property which may include buildings to house people, workers, livestock, machinery, or crops.

Often rates based on construction material, year built and type of use and exposure.

Rates will vary based on these factors.

Tractors that are more than 25 years of age, must be in good condition unless under active restoration.

Tractors must be fully retired with no farming or utility use. Often insured based on value due to its low use and condition.

Rates can be lower than $200/year.

Livestock mortality insurance is a type of insurance that provides coverage for the death or injury of livestock, typically including animals such as cattle, pigs, sheep, poultry, and other farm animals. This type of insurance is designed to protect farmers and livestock owners from financial losses due to unexpected events that may result in the death or injury of their animals.

Livestock mortality insurance policies generally provide coverage for various causes of loss, such as accidents, diseases, illnesses, theft, drowning, electrocution, and other covered risks. The coverage amount may be based on the value of the animals at the time of the loss or a predetermined sum insured.

Livestock mortality insurance can be an important risk management tool for farmers and livestock owners, as it helps to protect their investment in valuable livestock and provides financial compensation in the event of covered losses. It may also provide coverage for veterinary expenses, disposal costs, and other related costs incurred as a result of the covered loss.

It's important to note that livestock mortality insurance may have certain limitations, exclusions, and conditions that vary depending on the insurance provider and policy terms. Coverage options, premiums, and deductible amounts may also vary based on factors such as the type of livestock, age, breed, health condition, and other risk factors. Farmers and livestock owners should carefully review their livestock mortality insurance policy and work closely with their insurance broker to ensure that their coverage adequately meets their needs and provides the desired level of protection for their livestock.

Liability insurance provides coverage for visitors if harmed while visiting your farm property or if their property is damaged by your farming operations.

Typical liability insurance will cover:

• Medical payments for injured persons even though you are not responsible
• Accidental damage by you
• Legal defense costs
• Liability arising from farming operations

Optional Coverages may include:

• Animal show or plowing matches
• Farmers Market Liability

Rates are based on a base rate then adjusted depending on other exposures of the farming operation.

Rural home coverage is for a home built on a larger than typical property (20 acres) that may have a slight farm exposure due to the type of buildings on their property or animals.

Like regular homeowners these homes will have a building rate and liability rate along with contents.

Outbuilding must be insured separately and to value along with any machinery listed on the policy.

Other surcharges could include ponds on the property, leased land or operating a petting farm.

We provide coverage for typical equipment used in the operation of farming. This includes tractors, combines, plows, seeders, balers, mowers, planters, which are often insured for Physical damage. Rates are based on a per hundred rate based on the replacement cost value of the equipment.

Equipment must be listed on the policy to ensure its covered properly. Make sure to provide the year, make, model and serial number of the unit along with the value.