Farm Insurance

Whether you harvest hundreds of acres or raise herds of livestock, farming can be a lucrative but risky business venture. Certain incidents and natural disasters may be impossible to prevent. Given this harsh reality, you should prioritize maintaining appropriate loss control measures, such as a multifaceted farm insurance portfolio.

How Does Coverage for My Farm Work?

When seeking insurance for your farm, you should be prepared to need multiple types of policies and coverages, as accounting for the diverse risks and exposures of farming may require such. While some insurers may offer prepackaged farm insurance, even these arrangements may need to be adjusted and enhanced to suit your unique circumstances.

What Types of Coverage Are Included in a Policy?

While farm insurance may not consist of a single policy, your overall coverage portfolio may consist of several key components, such as the following:

• Farm property coverage may financially protect the structures, equipment, inventory and tools of your business.

• Farm liability insurance may assist with the financial ramifications of incidents in which third parties, such as guests, customers or neighbors, accrue losses due to your farm’s operations.

• Business income insurance may offset losses if your normal operations are disrupted by a covered incident.

• Livestock insurance may help pay for losses involving your farm’s animals, such as those caused by accidents, fires and floods.

• Crop insurance may provide financial aid for damage to your harvest, as well as market fluctuations and low yields.

• Commercial auto insurance may cover incidents involving your farm’s vehicles.

• Workers’ compensation insurance may financially assist with costs and losses arising from employees’ work-related injuries and illnesses.

Why Do I Need Insurance?

Farms’ daily operations often include high-risk tasks, such as those involving sharp tools, heavy machinery, large animals and hazardous chemicals. With these things in mind, fostering appropriate loss control measures is critical for financial security and peace of mind. Additionally, certain types of coverage, such as workers’ compensation insurance and commercial auto insurance, may be required by law.

Learn More

Contact ISG Insurance today to learn more or compare personalized quotes.