There are tons of insurance options for farmers-some you may need, some you may not
Is the money you have invested in your farm protected? If something like a fire happened at your farm, would your insurance cover it? There are tons of insurance options for farmers-some you may need, some you may not. I don’t claim to be any sort of an insurance expert, so consider this your reminder to meet with someone who is.
Here are some various types of insurance you MAY need,
* General liability insurance. This covers things like bodily injury, property damage, personal injury, product liability, and medical expenses.
* Property insurance. This covers damages or losses of personal property due to fire, wind, hail, and other weather extremes, as well as theft and vandalism.
* Employee insurance. This kind of insurance, obviously, is applicable if you have employees that work on your farm, ANY type of employees-full time, part time, or high school kids that help out a few hours a week.
* Over-the-Road vehicle insurance. Any vehicle licensed by the state requires insurance.
* Crop and/or income insurance. Crop insurance is controlled by both private and public entities.
There are many other types of insurance such as business interruption insurance, employee dishonesty insurance, key employee insurance, and health insurance, among others.