Farm Insurance

Farm insurance can offer a unique combination of coverages primarily focused on protecting farmers’ financial interests and the stability of their agricultural operations. Suitable coverage can help farmers manage risks associated with unpredictable weather, fluctuating markets and other unforeseen challenges.

What Does Farm Insurance Cover?

Farm insurance can often cover a wide variety of risks. While a farm’s risk levels and potential exposures may vary significantly, it may often be advisable for farmers to retain coverage that includes the following:

• Farm property coverage can cover buildings and their contents, such as tools, inventory and machinery, against damage or loss.
• General liability coverage may assist farmers if they’re legally responsible for other parties’ bodily injuries or property damage.
• Product liability coverage may provide a payout to offset losses should a customer or other party accuse a farm of providing spoiled or contaminated goods.
• Crop insurance is another essential component, potentially protecting against losses involving harvests, including fluctuating products or low yields.
• Livestock insurance may cover losses involving animals, such as due to accidents, disease or animal attacks.
• Workers’ compensation coverage can ensure farm employees have access to the medical care and financial aid needed if they are injured or become ill on the job.
• Business interruption coverage may render financial aid if a covered incident disrupts normal operations, potentially leading to losses or reduced income.
• Commercial auto coverage should be a top priority if a farm uses motor vehicles for business purposes.

What Factors Affect the Cost of Farm Insurance?

Several factors can influence the cost of farm insurance. While the weight given to various criteria may vary among insurers, the following are often considered:

• Acreage of the farm
• Operational details (e.g., crops and livestock raised)
• Location
• Assets and revenue
• Past claims
• Coverage details (e.g., types of insurance needed, policy limits and endorsements)

Learn More

With over 65 years of experience serving farms, businesses and families in the Yreka area, Churchill Insurance is ideally positioned to assist with farmers’ coverage needs. Contact us today to get started.