Farm Insurance is similar to Homeowner’s, but is more easily tailored to your individual risk, and will include your farming operations. A Farm Policy usually includes physical damage to insured property and farm liability coverage.
Property insured is usually:
- your dwelling
- farm buildings
- personal property
Other types of personal property may be included by special endorsement, such as watercraft & recreational vehicles.
There are many optional property coverages available, some of which are:
- Backup of Sewers or Sump Systems
- Livestock Blizzard
- Debris Removal
- Installed Equipment Breakdown
- Farm Extra Expense
- Leased or Rented Farm Machinery
- Livestock Confinement
- Loss of Income
- Underground Service Line Coverage
Farm Liability consists of Liability to the Public, which pays all sums which an insured shall become legally obligated to pay as damages due to bodily injury or property damage arising out of an insured’s personal activities, the insured premises, and the insured’s farming operations.
Medical Payments is subject to a sub-limit stated in the Declarations. It pays for medical expenses incurred by persons—other than an insured or employee—if bodily injury occurs in connection with the insured’s personal activities or the insured premises, and to injuries caused by animals owned by or in the care of an insured.
Employers Liability coverage is provided to cover bodily injury sustained by a farm employee in the course of their employment if the insured is legally liable.
Medical Payments to Farm Employees is provided for medical expenses incurred by farm employees if the farm employee was injured in the course of their employment.
There are many optional coverages available, some of which are:
- Damage to Property of Others – this coverage pays for damage to property owned by others if the property damage is caused by, or the property is in the care of, any insured. This coverage does not apply to property leased to or rented by an insured.
- Personal Injury – this coverage pays for bodily harm, shock or mental anguish which arises out of false arrest, detention or imprisonment, malicious prosecution, libel, slander, defamation of character, invasion of privacy, wrongful eviction or wrongful entry, or oral, televised, videotaped, electronic or written publication of material that violates a person’s right of privacy.
- Business Pursuits – covers liability for business exposures outside of a normal farming operation, such as seed sales, hobbies generating an income, garden produce sales and custom farming and feeding operations.
Life on a farm is a school of patience; you can’t hurry the crops or make an ox in two days. —Henri Alain