Farm insurance is available to protect agricultural workers from a wide variety of industry risks. However, each farming operation is unique, which means policies should be customized accordingly. Though there are several coverage options to choose from, here are a few basic types that all farmers need. 

What Kinds of Farm Insurance are Essential to Have?

1. Dwelling 

Oftentimes, farmers will live on the same property as their farm. In this case, it’s likely the residence will also serve as a place to conduct business. 

Since a standard home insurance policy won’t cover business use, farm dwelling coverage is necessary. This will help protect the structure and any personal belongings inside in the event of damage caused by certain perils, including fire, inclement weather, theft, and vandalism. 

2. Structures

On many farms, it’s common to see additional structures located around the property, such as barns, horse stables, garages, and storage buildings. These will need specific structures coverage under a farm insurance policy. 

Each building is generally covered based on its age, condition, and value. Similar to dwelling coverage, a policy will help pay to repair or replace the structure and its contents should a disaster occur. 

3. Equipment 

Farmers use an array of tools, equipment, machinery, and vehicles daily. These are vital for performing numerous farm operations. They’re also costly to repair or replace, so it’s crucial to make sure you have adequate equipment coverage for sudden breakdowns and damage. 

This will help protect the farm’s revenue stream and reduce out-of-pocket expenses. Additional insurance with higher limits may be necessary for equipment that’s especially critical to your business. 

4. Liability 

All businesses require liability insurance, but farms carry some additional risks to take into consideration. If someone gets injured while visiting the premises, this coverage will help pay their medical expenses. 

It will also cover damage to other people’s property and legal fees if the farmer is sued. Farms that are open to the public or host special events typically need extra liability protection.

If you’re starting a farm, trust Quinn Agency, LLC to help you secure the right coverage for long-term success. They offer several farm insurance solutions that can be tailored to the current and evolving needs of your operation. Serving clients throughout the Meadville, PA, area for 30 years, this family-owned and -operated agency is focused on providing quality products that deliver maximum protection and value. Call (814) 337-2766 to request a quote, or visit them online to learn more about their services.