Your farm is probably the single biggest asset you have and provides your livelihood and security for your family. Farm insurance can repair or replace your farm buildings, equipment, livestock and crops in the event of a disaster. Agricultural business insurance can also protect you and your family in the event of a liability lawsuit due to a consumer safety issue, a farm visitor or trespasser’s injury on your land.
There are 3 primary factors in deciding which type of agriculture insurance you need, and the agricultural insurance company that can best provide it. Here’s what you need to consider:
1. The type of farm and type of agricultural business you own.
2. There are full or part-time employees.
3. The presence of farm outbuildings and equipment inventory on your property.
Assess your current insurance situation
If you already have a homeowner’s insurance policy, it will not cover any buildings except your home, unless you have a rider to that effect. It also will not cover your farm equipment, livestock or crops; and it will not provide liability protection outside a certain distance from your home. If you do have insurance for your farming operations, meet with your agent and discuss your policy, line by line, to determine that you have adequate coverage for your business.
Scurich Insurance provides Agriculture Insurance. Contact us for a quote at 831-722-3541