Farm Insurance

Owning a farm can be rewarding and lucrative, but it also requires hard work and careful planning. Even slight mishaps could have dire ramifications for your farm’s financial outlook, potentially incurring significant monetary losses and even threatening your ability to make it to the next season. Fortunately, farm owners insurance presents a potential lifeline, often helping agricultural enthusiasts like yourself endure difficult times.

What Is Farm Owners Insurance?

Farm owners insurance is a specialized type of insurance that may consist of several policies and coverage options. While some insurance companies may offer prepackaged combinations of coverage that may form the core of an adequate portfolio, your farm may often have unique characteristics that require specific details.

What Does Farm Owners Insurance Typically Cover?

Whether you find yourself assembling a farm owners insurance portfolio from scratch or customizing a package deal, you should generally ensure that your coverage can financially protect against liabilities, damage to your assets and revenue losses. In general, an adequate coverage portfolio may include the following:

• Commercial property insurance

• Business interruption insurance

• Workers’ compensation insurance

• General liability insurance

• Product liability insurance

• Livestock insurance

• Crop insurance

• Commercial auto insurance

• Environmental liability insurance

• Commercial umbrella insurance

Does Farm Owners Insurance Cover All Types of Farms?

In the dynamic and diverse world of agriculture, it isn’t easy to make a definitive statement regarding all types of farms being covered by the same insurance. Depending on size, location, operations, and other details, some farms may require specialized coverage. A knowledgeable coverage professional, such as those at the McCallum Agency, can help ensure you have the right farm insurance.

How Much Does Farm Owners Insurance Cost?

Farm owners insurance rates may vary depending on many factors, such as the following:

• Location

• Crops and livestock raised

• Number of employees

• Square footage

• Assets and revenue

• Previous insurance claims

• Coverage details (e.g., types of insurance needed and policy limits)

We’re Here to Help

At the McCallum Agency, we can help farm owners in the West Lake, Ohio, area secure and maintain the proper coverage. Contact us today to compare farm insurance quotes online or to learn more about possible options.