Agricultural Insurance
Boise, Idaho Falls, Logan, Still & Leavitt - Mountain Home, ID, Rexburg, Rigby, South Salt Lake, Tremonton, Twin Falls - Alta Insurance

What is Agricultural Insurance?

Agricultural insurance is a specialized type of coverage designed to protect farmers and their agricultural investments. It provides financial support in the event of crop failures, natural disasters, pest infestations, or other unexpected events that can devastate a farm's profitability. In essence, it acts as a safety net, ensuring that your hard work and dedication do not go to waste in the face of adversity.

The Benefits of Agricultural Insurance

1. Risk Mitigation
   Agricultural insurance helps mitigate the inherent risks associated with farming. By having the right insurance in place, you can weather the storm when calamities strike. Whether it's a drought, flood, or disease outbreak, your insurance coverage will help you recover and rebuild, reducing the financial burden on your farm.
2. Financial Security
   Agricultural insurance provides you with the financial security you need to sustain your farm. In the event of a loss, you will receive compensation that can help cover the cost of repairs, replacement of lost crops or livestock, and even temporary living expenses if necessary.
3. Tailored Coverage
   One of the key advantages of agricultural insurance is its flexibility. Policies can be tailored to suit your specific needs and the unique risks associated with your farm. Whether you're a large-scale commercial farmer or a small family-run operation, there's a policy that can safeguard your interests.

Coverage Highlights

• Farm & Personal Liability
• Commercial General Liability
• Farm Dwellings: primary dwellings, high value homes, employee housing & rental dwellings, and scheduled personal property
• Farm Property & Equipment: scheduled & unscheduled, and equipment break-down
• Farm Auto
• Animal Mortality including equine mortality
• Liquor Liability for wineries
• Umbrella
• Farm & Ag Pollution
• Workers Compensation
• Employee Practices Liability
• Seedmen’s E & O
• Crops in Storage
• Transportation Cargo

Types of Agricultural Insurance

Agricultural insurance isn't a one-size-fits-all solution. Some common types of agricultural insurance include:

1. Crop Insurance
   Crop insurance protects farmers against the loss of their crops due to natural disasters, adverse weather conditions, or pest infestations. It ensures that your investment in seeds, fertilizers, and labor is not in vain.
2. Livestock Insurance
   Livestock insurance covers the value of your animals, including cattle, poultry, and swine. It provides compensation in case of death or illness, helping you maintain the financial stability of your livestock operation.
3. Farm Equipment Insurance
   Farm equipment is a significant investment, and breakdowns can disrupt your operations. This insurance type covers the repair or replacement costs of essential machinery, ensuring minimal downtime.
4. Liability Insurance
   Liability insurance protects you in case of accidents or injuries that occur on your farm. It helps cover legal fees and potential damages, safeguarding your farm's assets.

How Much Does Agricultural Insurance Cost?

The cost of agricultural insurance can vary widely depending on several factors, including the type of coverage, the size of your farm, your location, the specific risks you want to protect against, and the insurance provider you choose.

Incorporating agricultural insurance into your farming strategy is a proactive step towards securing your livelihood and the future of agriculture itself. Consult with an agricultural insurance provider to find the perfect coverage for your unique needs. Your farm's success depends on it.

Frequently Asked Questions

• What kind of insurance do farmers and ranchers need? 

  The exact coverage you need will vary based on your business's operations. However, some types of insurance can benefit almost every agriculture business.

  • General Liability Protects your company from claims of bodily injury, property damage, product damage, and more.
  • Commercial Auto Even if you use a personal vehicle for work, a personal auto insurance policy doesn't cover the car while it's being used for work purposes. 
  • Property  Offers protection for commercial structures, business personal property, and machinery. 
  • Theft and Crime Crime-related losses aren't usually covered by your property insurance and require their own unique coverage. 
  • Workers Compensation If any employees are injured or become ill on the job, this insurance can cover the payment of their medical expenses, lost wages, and rehabilitation costs. 
  • Inland Marine You can protect stored products or equipment in an off-site location, mobile irrigation systems, and products you are transporting with inland marine insurance.  
• What is farm liability coverage? 

  Farm liability coverage is different from general liability coverage, even though they sound very similar.

  General liability is just that, general. Farm liability can be broken down further into more specific coverages.

  Here are a few types of specific liability policies available for different agricultural industries. 

  • Farmers Market/Roadside Stand
  • Agritourism/Agritainment
  • Equine Operations
  • Farm & Agricultural Pollution
  • Seedmen's Error & Omissions
• Is there anything agribusiness insurance doesn't cover? 
  As with any standard insurance policy, there are specific exclusions and exceptions. One of the most notable exclusions people often don't know about is fencing. In a basic agribusiness policy, the fencing on your property is excluded. However, if you rely on your fencing to keep your daily operations organized and running smoothly, you can find special riders and policy extensions that add fence coverage.  
• What is agribusiness insurance? 

  Agribusiness insurance is insurance for any agriculture-associated business. There are a variety of policy types because agribusiness is a large field that includes many diverse industries. Some of these industries include: 

  • Commercial Farms
  • Family Farms and Ranches
  • Vineyards
  • Dairies
  • Orchards
  • Wholesale Nurseries
  • Cotton Growers
  • Pumpkin Patches
  • Stables 

  Your agribusiness policy will be completely unique to you, based on what your company produces and what your needs and risks are. 

• What is farm insurance? 
  Farm insurance is a specialized form of agribusiness insurance that provides you dual coverage by protecting your home and operation. Policies differ, but like agribusiness insurance, the four main areas of coverage include:  Home and contents (detached garages, other personal use buildings)  Farm and ranch personal property (livestock, feed, machinery, equipment)  Farm and ranch structures  Business and personal liability coverage 
• What does agribusiness insurance cover? 

  Agribusiness insurance covers a broad spectrum of risks   as long as it relates to your agriculture business. However, you can break down the available coverages into four easier-to-understand categories.

  • Your home and its contents
  • Farm personal property
  • Farm structures 
  • Liability protection