FARM INSURANCE

Crop Insurance

Protects farmers from crop losses caused by weather, pests, or disease. It typically covers the cost of lost crops or lost revenue resulting from damage or destruction. Specific perils covered are outlined in individual policies and vary from location to location and firm to firm. Crop insurance is essential to protecting your family and income in the event of an unplanned devastating occurrence.

Farm Property Insurance

This is an insurance policy specifically designed to cover damage to buildings, farm or grain machinery, farm tools, equipment used for livestock, and other property on the farm or ranch caused by specifically outlined perils. Policies can also provide bundled insurance protection for household and personal property in your dwelling, like clothes, furniture, and appliances if you live on your farm or ranch.

Livestock Insurance

This coverage provides ranchers with protection or reimbursement for losses related to their livestock. The cause of these losses can include death or illness, natural disaster, fire, or theft. Coverage may include care, custody, and control of the animals; additionally, livestock insurance may also cover damage to facilities and equipment used in the care of their animals.

Farm Vehicle Insurance

Farm vehicle insurance coverage includes financial protection from theft or damages to vehicles used on the farm, including tractors, trucks, and other machinery. It may also cover liability claims related to personal injuries inflicted by accidents involving farm vehicles.

Business Interruption Insurance

Business interruption insurance coverage provides financial security from losses resulting from a sudden and unexpected disruption in the farmer or rancher’s business operations. This could include losses resulting from a natural disaster, devastating inclement weather, or an unexpected event, such as a pandemic or government-related disturbance or ordinance. A business interruption insurance policy is essential in protecting your agricultural livelihood.

Liability Insurance

This type of insurance can be a part of your farm insurance policy or added through an additional umbrella insurance policy. A basic liability farm insurance policy protects farmers and ranchers from liability claims that may arise from injuries to others or damages to their property. Liability insurance is imperative to protecting the business as well as its employees or workers. Depending on the size of the farm or ranch and its growing enterprise, additional coverage in the form of an added umbrella policy is advisable. Umbrella farm and ranch liability insurance can be broken down into three basic categories: excess liability, commercial liability, and personal liability coverage. 

• Excess liability is a form of umbrella insurance. It covers losses not outlined in the underlying policy involving extenuating circumstances such as farm equipment on roads or livestock escaping onto public or other private property.
• Commercial liability, specifically for a farm or ranch, can provide complete coverage or significant aid for legal fees, court fees, and lost wages that are associated with the defense of the farm or ranch in the event of a liability claim lawsuit. This particular liability policy would also cover the payout of a judgment ruled not in favor of the defendant should they be found guilty of error, negligence, misconduct, or omission.
• Another type of additional umbrella policy option is that of personal liability insurance. These unique policies would provide protection for covered claims resulting from civil crimes such as defamation of character, libel, or slander. Lawsuits of this nature can affect income, production, and overall market performance. Protect your livelihood and have court cost coverage by purchasing an umbrella personal liability claim.

Umbrella Farm Insurance

Additional coverage for farms in ranches can be added in the form of an umbrella policy. Some policy options for farms and ranches include:

• An umbrella farm or ranch insurance policy would add coverage for an injury sustained by a guest or visitors involving an accident on your property.
• Umbrella commercial liability coverage adds more financial aid in the event of a liability claim.
• A personal umbrella liability policy would cover injuries, lawsuits, and damages not covered in your base farm insurance policy.