Farm Insurance

Farms are rife with risks and perils, meaning that responsible farmers must implement and maintain appropriate risk management and loss control measures. Even tasks that may seem routine and menial often include the use of sharp tools, motor vehicles and hazardous chemicals, presenting significant danger on a daily basis. Furthermore, your crops and livestock may frequently be exposed to conditions beyond your control, such as weather and natural disasters. With these exposures in mind, farm insurance emerges as a critical investment.

What Does Farm Insurance Cover?

Farm insurance often refers to a collection of insurance policies and coverages tailored to your unique needs and circumstances. Given the wide variety of crops, livestock and other operational details that farms may rely on, exact coverage should be customized to address relevant risks. In many cases, adequate farm insurance coverage may often consist of the following:

• General liability insurance may help with third-party bodily injuries, property damage and reputational harm.
• Commercial property insurance may help financially protect a farm’s business assets, such as barns, silos, equipment and tools.
• Workers’ compensation insurance may aid employees injured on the job or who develop work-related illnesses.
• Product liability insurance may help offset losses from contaminated, spoiled or defective products.
• Commercial auto insurance may provide financial security in the wake of incidents involving your motor vehicles.
• Livestock insurance may help limit out-of-pocket losses involving your animals.
• Crop insurance may help establish financial protection from incidents, low yields or fluctuating market prices involving your harvest.
• Farm dwelling insurance may help cover the farmhouse or residential component of your property.

How Much Does Farm Insurance Cost?

Carriers typically weigh several farm insurance cost factors when determining rates. While exact criteria may vary, the following are often considered:

• Location
• Acreage
• Number of employees
• Crops and livestock you raise
• Claims history
• Coverage details (e.g., policies needed, endorsements, limits and deductibles)

How to Get Farm Insurance Near Me

As an independent operation, Wood Insurance Agency works with a broad network of highly rated farm insurance carriers. Our team will tap these resources and apply its extensive knowledge and experience to ensure you acquire and maintain appropriate coverage. Contact us today to learn more or to get a tailored farm insurance quote.