INSURANCE AGENCY NETWORK Blog
You may be new to farming or own a relatively small operation. Either way, if you are wrestling with the thought of getting farm insurance, then this is for you. For some, you may even be surprised to know that such insurance exists. However, owning and operating a farm requires unique protection that other types of insurance just won't work. Here are the three considerations if you will need insurance for your farm.
Location And Structures
The first consideration is your land. Look around and write down what you see. Do you own additional structures outside of your house, garage, or maybe a pool? If you answer yes, then that is an indication of needing farm insurance. If your area includes barns, stables, sheds, and other identical structures, a typical homeowners policy does not cover protection for these.
Do you have workers tending to your farm? They may be planting, sowing, harvesting, or caring for animals. Whatever their role is if you have multiple workers then insurance is most likely needed. Working a farm usually takes more than one family, which means you will need the extra help. Workers are a liability working on your property. This means you need to ensure you are caring for them and protecting them from the different hazards. As the farm owner, you are responsible for them.
If you have more than the usual dog, cat, or other home animals, then you will also need protection for them. What is important here is how many do you own, and what do you do with them. If you have a few hens and you sell the eggs they lay, the income you get may not be enough to justify comprehensive insurance for them. However, for other larger animals with higher value and increased operations, insurance protection is right for you.
These are the three primary considerations for getting farm insurance. They are facilities, workers, and animals. If you have any of the three on your farm, then other insurance policies may not be enough to cover you. Running a farm is a business. For any business, there will always be a risk. Minimize the impact on you and your farm by getting the right protection.
Unlike other forms of insurance, farm insurance is often customized to your need. This is where the right insurance comes in. At Insurance Services of the West, LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.