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Farm liability insurance protects you from the unique risks of farming.
Farm liability insurance is a critical component of protecting your farm. No matter how careful you are, accidents can and do happen. Liability insurance can help protect your assets from lawsuits. Which can help save you from losing your business, home property and investments.
As a farmer or rancher, you should consider the different types of liability insurance coverage. Just keep in mind your farm policy provides general farm liability coverage for premises and operations with the option to add additional types of coverage. Premises coverage is where you may be held responsible if someone in injured or has property damaged as a result of the physical condition of your farm or ranch. A common example is someone who slips and falls on your property. Another example is an operations coverage is where you may be held responsible for injury or property damage caused by some aspect of your farm or ranch operations. A prime example is an incident caused by farm machinery on a roadway.
There are additional optional coverages available. Talk to your agent about all of the activities that take place on your farm or ranch to make sure your operation is properly covered.
Umbrella liability insurance
An umbrella liability policy gives you additional farm liability coverage and higher coverage limits for all policies that fall underneath it. It can be a cost effective way to provide you with additional protection against the liability risks you may face. An umbrella policy is particularly useful as another layer of protection for your farm or ranch vehicles. Ask your agent for additional information.
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