Your farm is your livelihood, and you can never be too cautious. Since an accident can happen when you least expect it, it is important to be prepared. By being proactive, your equipment, buildings, and even lost income can be covered if an unforeseen circumstance disrupts your operations.
Dwelling: Operating a farm is a unique business in many ways. One big difference from most other jobs is that many farmers do not just work on their property, they live there too. The dwelling portion of your policy will help pay for damages to your home and attached structures.
Personal Property: In addition to covering your home, you can also get coverage for your personal belongings not used in the farming operation. Contents such as clothing, furniture, electronics, and appliances can be covered for fire, theft, smoke damage and other perils. Some items, like jewelry, guns, and collections may require additional coverage to cover the full replacement of the item.
Liability: A great amount of responsibility goes into running a farm. From the operation of farm machinery and equipment to the sometimes-unpredictable nature of farm animals, farmers are subject to a much higher risk of liability than other property owners. Liability will help cover you for the expenses in which you become legally obligated to pay such as bodily injury if someone gets hurt on your farm, attorney fees and court costs, damage to another’s persons property caused by your farm animals, or other claims for injury resulting from farm operations.
Farm Structures: Your farm may contain some of the biggest physical assets you have. Barns, pole buildings, and machine sheds are essential elements that keep your farming operations running smoothly and the loss to any of these structures can disrupt business and be financially devastating. Having farm structures coverage helps pay for accidental loss of property used for farming due to a variety of perils such as fires and some natural disasters.
Farm Equipment: You rely on your farm equipment to run the farm. Not only should you make sure your equipment is covered for theft and fire, but you should also consider equipment breakdown coverage. Damaged or broken equipment can easily cost thousands of dollars to fix or replace. Equipment breakdown coverage goes beyond standard coverage to protect against damage caused by power surges, mechanical breakdown, and motor burnout.
Crop & Livestock Coverage: Crops and livestock are a big investment and like any financial asset, you want to ensure they are covered. Crop and livestock insurance can protect you against the financial losses that could occur if your crops or livestock are lost due to a covered accident such as fire, blizzard, or other natural disasters.
Farm Auto: Whether your hauling goods, transporting livestock, or just running errands, the vehicles you use around the farm are a vital part of your operations. Your farm auto policy can cover everything from your personal truck or car to the tractor trailer you use to haul goods. Some situations are out of your control such as road conditions, bad weather, and other drivers. Your farm auto policy can help protect you in the event something should happen.
Farm Umbrella: Like any business owner, you are faced with a certain amount of risk and uncertainty if your day-to-day operations. If an accident happens, in most cases, your liability in your farm policy will take care of you. But, when serious a situation arises, you will want to make sure you are protected. An umbrella policy picks up where your farm liability stops. It is an inexpensive way to provide an additional layer of coverage against serious claims.
You have worked hard to build your farm into a business. Now let Horizon work just as hard to make sure you are protected properly!