Top 7 Factors To Consider When Purchasing Farm Insurance

#1: Property Protection:
#2: Equipment Coverage:
When purchasing farm insurance, you need to know that most standard policies don’t cover equipment and breakdowns. So, this means that you’ll be at risk whenever your equipment isn’t working when you need it.
To ensure that this doesn’t happen, you should look for equipment coverage that protects feeding systems, irrigation systems, refrigeration compressors, milking equipment, among any other equipment you need for your daily operation.
#3: Dwelling Coverage:

#4: Liability Coverage:
When farming is your main occupation, it’s normal that you have employees working for you. So, if one of them is injured on your farm while working, the liability coverage ensures that you are protected from third-party lawsuits.
#5: Livestock Coverage:
In case your farm business relies on domestic mules, horses, goats, sheep, chickens, cattle, swine, donkeys, llamas, or alpacas, you should consider purchasing livestock coverage.
Overall speaking, you may get a policy that covers livestock individually or at total herd value. It all depends on your specific needs.
#6: Product Liability:
When farming is your main business and you depend on the selling of fruits, vegetables, eggs, dairy products, or other food products, product liability insurance should be considered.
Simply put, this type of coverage protects you in the event that one of your products causes injury or illness to others. Generally speaking, this type of policy pays medical costs up to policy limits for illness or injuries caused by the consumption of a farm product. Sometimes, it may also cover non-economic damages ordered by the court.
