Farms and Ranch Properties

Farms and ranches have always been considered a specialty line of insurance. Some major carriers have separate divisions to underwrite farm and/or agribusiness risks. Dwellings, farm buildings, equipment, and livestock at one location can expose significant values to a single loss. Most farm properties are unprotected and do not have water or paid fire department service. Policies written on farms … Read More

Grain Elevators

Insurance companies that specialize in writing agribusiness risks insure grain elevators, feed processing plants, flour mills, and similar or related plants and equipment. Both property and liability coverages are available. Explosion is the most significant exposure for both coverages. Large terminal elevators present values that require significant limits. Port elevator risks, while equally large, are less desirable.

Horticultural Risks

Insurance programs for horticultural risks target florists, garden centers, nurseries, landscapers, fruit and vegetable farms, greenhouses, farmers markets, and pick-your-own operations. In addition to property and general liability coverages, other optional coverages available include florists or horticulture errors or omissions; payment of damages for the insured’s negligent acts, errors, or omissions; pollution liability for pesticides and fertilizers; and pollution cleanup. … Read More

Hail Insurance on Growing Crops

This coverage indemnifies owners of growing crops or tenant farmers who have an interest in such crops for loss or damage caused by hail. It is subject to a written application and payment of premium before coverage takes effect. Coverage usually applies from late spring or early summer to when the crop is harvested or until the expiration date.

Multiple Peril Crop Insurance

Multiple peril crop insurance provides “”all risk”” type crop insurance against unavoidable losses due to the uncertainty of nature. A division of the federal agricultural department administers the program but is available through private insurers and licensed agents and brokers. It covers specified crops such as corn, soy beans, wheat, barley, and tobacco. Coverage applies to loss to crops caused … Read More

Horse (Livestock) Major Medical and Surgery Insurance

This coverage is usually written as an endorsement to a livestock mortality policy. It covers veterinarian fees for surgery and major illnesses/diseases as defined for scheduled animals. Limits are usually on an aggregate per insured animal basis, subject to a deductible. Animals used for racing, those less than 30 days old, and those over 15 years of age may be … Read More

Horse Breeders/Boarders

These coverages are for owners of stables or farms who board horses for others. The horses may be available for only their owners to ride or may be rented to others to ride. Some stables provide stud and breeding services. Coverage provided for these operations includes care, custody, and control coverage on the breeder’s behalf and other coverages to protect … Read More

Horse Farms

Farms that specialize in raising show or race horses have significant livestock and liability exposures. In addition, horse farms that provide boarding and breeding activities or the ones that offer training and instruction have unique liability and property exposures. Property coverage applies to barns, stables, tack, other equipment, and farm machinery. Commercial general liability insurance covers various exposures connected with … Read More

Poultry Insurance

This coverage protects poultry farmers, feed mills, and financial institutions for their investment in large flocks of poultry raised as broilers, breeders, or egg layers. Coverage is usually written on an “all risks” basis using coverage forms and policies designed for the poultry industry. Coverage usually includes death caused by climatic conditions, such as temperature and humidity, on the grower’s … Read More

Farm Implement Dealers

Farm implement dealers are similar to automobile and recreational vehicles dealers but with some important differences. The equipment they handle is often larger, more expensive, and may be deadly if not properly safeguarded. This equipment is built to last many years and is often serviced by the farmer with the dealer providing service on difficult repairs. These dealers may also … Read More