Numerous hazards can disrupt a farming operation. A farm has many valuable assets that need protection from potential dangers. Farm insurance helps to safeguard a farm and prevent potential financial hardship.
Farm insurance may offer the needed protection for your equipment, buildings, and even lost income in the event of an unforeseen disruption. Swanson Insurance Agency can help ensure you have the protection you need to remain operational.
What Is Farm Insurance?
Farm insurance is not technically a single type of insurance, and the type of insurance your farm needs will depend upon your unique risks.
Many farmers use a combination of the following types of coverage for additional protection.
- Crop insurance: Weather, fires and other hazards can damage crops. This coverage may pay a settlement to help you replace damaged items and lost income.
- Equine insurance: Horses are often valuable for farm operations, and their market value and a single loss might be expensive. This coverage may insure your horses against death, injuries and other hazards.
- Farm auto insurance: If you use or own vehicles or tractors for your farm’s operations, you may need coverage to protect these items against damage or other losses.
- Farm dwelling insurance: If you live on your farm, this policy may provide coverage for your home.
- Farm equipment insurance: Assets such as pumps, rakes, sprayers and other tools may get damaged, and this coverage may help pay for those items.
- Farm liability insurance: Your operations might cause bodily injuries or property damage to various people, including your clients. This coverage may help you repay them for their losses.
- Farm livestock insurance: A loss of your animals could mean a loss of profit. This coverage may help you recover the results.
- Farm structures insurance: This coverage may provide coverage for structures on your farm, which may include barns, grain silos and other property.
- Umbrella insurance: An umbrella insurance policy may help provide against liability claims that exceed the limits set on your other liability policies.
- Workers’ compensation insurance: If you hire full- or part-time employees for your farm’s operations, you may need workers’ compensation. It can help pay employees supplementary income if work-related injuries or illnesses force them from their jobs.
What Does Farm Insurance Cost?
Farm insurance coverage depends on the unique needs of the farming operation. Therefore, costs vary depending on the policies chosen.
Swanson Insurance Agency can help you choose the right insurance for your farming needs. Call us today at 619-440-3708 to get started.