When you think about farm insurance, you might think about it being a requirement for bigger farming operations. Even if you only run a smaller farm, however, you should still have insurance. In fact, there are a few different types of insurance policies that you will probably need to purchase if you haven't already. An insurance agent who is familiar with farm insurance should be able to help you making insurance choices that are best for your specific business and property, but these are a few examples of the insurance types that you might need.
First of all, you might have pickup trucks and other vehicles that are used when running your farm, and you'll need to make sure they're insured. A traditional auto insurance policy might not cover vehicles that are used for farming purposes. Instead, you may be required to purchase a different type of vehicle insurance policy to ensure that your vehicles are properly covered. Then, you won't have to worry about not being covered if you're involved in a vehicle accident or if one of your farm vehicles is damaged due to a natural disaster.
General Liability Insurance
Accidents can still happen on small farms, and there is the possibility that someone who is visiting your farm could be injured in some way. General liability insurance can help you ensure that you and others are covered when people visit your farm.
Workers' Compensation Insurance
Typically, general liability insurance does not cover employees if they are injured while working on your farm. For this type of coverage, you will need to have workers' compensation insurance. Depending on where your farm is based, you might be required by law to have this coverage if you have any paid employees who work for you, even if they are seasonal or part-time workers.
Product Liability Insurance
If your farm sells items to the general public — such as if you sell produce — then you might need product liability insurance. This protects you if someone gets injured or ill because of one of the products that your business sells, such as if someone gets sick from eating your produce.
Farm Equipment Insurance
You might have spent a lot of money on tractors and other farm insurance, and you'll want to make sure your equipment is covered. This is what farm equipment insurance is designed for.
Farm Structure Insurance
You might have barns and other structures on your property. If you want to protect your structures from fires, storms, and more, you'll need farm structure insurance.
If you grow crops on your small farm, you might worry about what will happen if all of your crops are destroyed, which could happen because of the weather or because of a wildfire. Crop insurance helps protect you if your crops are damaged or destroyed.
Even small farms often have livestock, and some of your livestock might be valuable. You can protect your investment with livestock insurance.