Farm Insurance in Zanesville, OH

Farms form a core pillar of the U.S. economy and nationwide supply chains. The operations and products of these agricultural endeavors are critical for putting food on the tables of millions of households. However, while potentially lucrative and rewarding, these businesses also require careful planning and risk management. Farms often include high risk levels and many dangerous situations. Fortunately, the right farm insurance can establish potent financial protection.

What Is Farm Insurance?

Farm owners should first realize that while the term “farm insurance” may be common, it does not necessarily refer to a specific product or coverage available from insurers. Rather, farm insurance may require a package of several policies woven together to form a multifaceted financial safety net capable of addressing relevant risks and exposures.

What Types of Coverage Do Farms Need?

Given the many crops, livestock and other operational details that may be involved in farms, exact coverage needs are often unique. Still, there are several types of insurance that may address common risks and perils, such as the following:

• General liability insurance can assist with costs and losses arising from bodily injuries, property damage and personal and advertising injuries affecting third parties, such as guests, neighbors and passersby.
• Commercial property insurance may provide financial protection for the tangible business assets of a farm, including structures, equipment, tools and inventory.
• Farm dwelling insurance may provide coverage for the residential components of farms should owners also live there.
• Crop insurance can help pay for losses involving a policyholder’s harvest, low yields and market fluctuations.
• Livestock insurance can cover a farm’s animals from many common incidents, including fires, floods, animal attacks and loading or unloading accidents.
• Business income insurance can render financial aid if a farm’s operations are disrupted by a covered incident by helping you recoup revenue you would have otherwise earned.
• Workers’ compensation insurance may ensure employees can receive medical care and other assistance following work-related accidents while also helping manage a farm’s legal expenses should a lawsuit be filed.
• Commercial auto insurance can assist with losses arising from incidents involving a farm’s motor vehicles.

How Much Does Coverage Cost?

Farm insurance rates are typically influenced by a multitude of factors. When quoting prices, carriers may consider the following:

• Acreage
• Location
• Workforce size
• Types of crops and livestock
• Claims history
• Coverage details (e.g., policy limits, deductibles and endorsements)

We’re Here to Help

Contact Boyer Insurance LLC today to learn more or get a free quote.