Traditionally, people think of farmers as growing some corn, raising some wheat, and having some horses, chickens, and cattle in their barn. Nowadays, most farmers specialize by raising either a certain crop, or a particular kind of livestock or poultry, rather than having a mix of operations on their farm. Today’s farmers may have horses, cattle, and hogs, or turkeys, chicken, sheep, or goats, but they all have a common need for commercial insurance coverage. Because farm life can bring with it a whole variety of risks, farmers should contact an independent business insurance agent to learn more about farm animal and livestock insurance.
An independent insurance agent, experienced in working with farmers and ranchers looking to insure their operations, will provide advice and guidance for livestock and poultry farmers wanting to buy coverage. He has access to policies available from a number of different insurance companies that specifically provide farm insurance coverage, and can discuss the terms of each, along with any exclusions, limitations, or related endorsements or riders. He will help farmers select a policy with coverage suited to their farm, and its livestock, or poultry.
Whether they have current commercial insurance coverage for their farm, or are buying a policy for the first time, farmers who work with an independent insurance agent will find that he is a knowledgeable resource who will aide them in choosing a policy. Farmers should expect that an independent agent will probably discuss the basics of a commercial general liability (CGL) policy, along with liability coverage, specifically, and building insurance for any buildings on their farm property.
Since almost every farmer has hired help, and regular employees, an independent insurance agent will mention workers’ compensation insurance, and commercial auto insurance for any vehicles operated by farm staff. He might also note that farmers may want to buy coverage for appurtenances on their farm property, like fences and retaining walls, which might not otherwise be covered under their farm business insurance policy. Also, he may describe how sewer and water damage insurance can provide coverage in case water or sewage backs up into a barn, or other building on their farm.
Livestock and poultry farmers can anticipate that an independent insurance agent will tell them about the kinds of coverage for their animals that is typically offered under a business insurance policy, including insurance for an attack by a wild animal, like a coyote, wolf, or fox, although some insurance providers do not provide this coverage for sheep. Also, an independent agent will likely describe coverage for an accidental shooting of an animal, or accidental electrocution if a farm has electric fences, or other electric equipment in or around areas where animals are kept. Although the current in an electrical fence isn’t lethal, accident involving those fences, during lightning storms, have resulted in many animal deaths. Some insurance companies offer coverage in case animals are lost in a flood or earthquake, and also insurance for any loss, or injuries to livestock or poultry while they are being loaded, or otherwise transported at a farm.
A seasoned independent business insurance agent will probably caution farmers that most commercial insurance policies do not cover the loss of livestock or poultry due to old age, or because they acquire a disease, unless a farmer purchases a special livestock mortality insurance policy. He might also say that many insurers will only provide coverage for one particular animal up to a certain amount, and will almost certainly discuss coverage limits in general, so that farmers know what they are getting into when buying a policy. He might note that some insurance companies provide exclusion insurance, which can increase the coverage under a farm business insurance policy to animals, or buildings that are not otherwise covered without an endorsement.
Because farmers frequently buy and sell their livestock and poultry, they should remember to keep in touch with their independent insurance professional on a frequent basis. He will tell them that often business insurance policies do not extend coverage to recently purchased animals unless they are reported to the insurance company within a certain period of time after they are acquired.
By working with an independent insurance agent, livestock and poultry farmers can buy business insurance with sufficient coverage for their farm, and learn about property coverage, coverage for medical payments, and liability insurance, so that they understand the terms of their policy. With the help of an independent insurance agent, animal farmers can choose a farm business insurance policy that provides the right coverage at a reasonable price.
When most people think about livestock, they picture cattle, horses, pigs, and sheep. Livestock farmers know, though, that these are only some of the many kinds of livestock raised on farms across the country. Some farmers have bison, alpacas, or reindeer, while others raise rabbits, llamas, and goats. Whether they operate a large-scale commercial farm with thousands of heads of cattle, or a smaller sheep farm and fiber and textiles business, they need to have farm animal and livestock insurance. An independent insurance agent who has worked with livestock farmers in the region understands their needs and concerns when it comes to buying coverage, and will guide them in selecting a business insurance policy.
Livestock farmers will need a commercial general liability insurance policy for their farm, along with business property and building insurance. An independent insurance agent can advise them about workers’ compensation coverage, required by law, along with farm auto insurance for vehicles operated in the course of farming, or otherwise used for hauling or transporting livestock. She can also discuss other kinds of business insurance coverage that farmers may want to buy, like insurance for appurtenances on their property, such as fences used for pens, and, depending on the location of their farm, flood or earthquake insurance, which can keep their livestock covered in a natural disaster.
In consulting with an independent insurance professional about buying livestock insurance, farmers should expect that she might request to visit their farm. She will explain that many insurers require that an agent or broker make a survey of a business’s property before they will issue certain kinds of commercial insurance coverage, which is why she will ask for a tour of the grounds. She will also inquire about the kinds of livestock raised on site, along with the number of each kind of animal, and whether they are born at the farm, or usually purchased from another farming operation.
An independent insurance agent might want to know about potential risks on a livestock farm’s property, like exposed electric fences, or animals known to bite other animals or humans, which are owned by a farmer or any neighbors. She may also want to know about any natural predators in the area, such as coyotes, foxes, or wolves, and will also ask about whether a farmer has experienced disease among a livestock population. If so, she may recommend livestock mortality insurance coverage, which can insure against animal death from old age, or in case they contract disease.
For livestock farmers with cattle, or pigs, an independent insurance agent might recommend purchasing a livestock risk protection insurance policy, which can insure against a decrease in the price of those animals during the term of the policy. This kind of insurance can cover between 70 and 100% of the price of certain livestock, depending on a particular policy’s terms, and will cover a certain number of animals per farm per year – often 1,000 or 2,000 head of cattle, or up to 10,000 swine, depending on the insurer.
A seasoned independent insurance agent knows the ins and outs of livestock insurance coverage. She understands how policy limits and rates can vary for each farmer based on the insurance provider chosen and the kinds of coverage selected, and she will make sure that farmers purchasing coverage understand the terms of the policy they are buying, along with any exclusions, limitations, or endorsements. An independent insurance professional will guide livestock farmers in acquiring the right commercial insurance so that if their cattle are injured in a hailstorm, or their sheep contract a disease, they know they can rely on their policy for coverage.
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