Farm

Farmers Insurance

While farms need the standard insurance policies that other businesses need, such as property insurance and general liability coverage, they also need insurance specifically related to the business they run.

Crop Insurance

Some farms make all or most of their profits through growing crops. When a disaster, such as a tornado, wildfire, or flood, strikes and the crops they depend on are devastated, crop insurance can reimburse them for their losses. Before buying crop insurance, farmers must submit an accurate representation of the planted acreage they have per unit. Should they underreport, they may not be reimbursed for all losses they could realistically experience.

Livestock Insurance

Livestock insurance is a multifaceted type of coverage with several different policy options. For example, farm owners can buy coverage for specific activities such as their livestock's transit or auction market coverage; they may buy coverage for specific animals such as poultry coverage or pasture and dairy cattle coverage, or they may buy mortality insurance for animals with an especially high value to the farm such as a stud.

Farm Equipment Insurance

It takes a lot of specialized equipment to run a farm. From tractors to irrigation equipment, trailers to combines, these complicated, expensive machines are fundamental to a farm’s ability to operate properly, efficiently, and successfully. Equipment insurance for the vehicles and machines on the farm will allow for reimbursement for certain losses and damages and help keep you operational.

Workers Compensation Insurance

Farms that employ people should also look at workers' compensation coverage. Without this protection, they will be responsible for paying the medical expenses and lost wages of injured employees.