Farm insurance in Pittsburgh, PA, Beaver, Butler and surrounding areas.

It can be overwhelming to think about insuring your farm if it’s both your home and your business. Farm insurance eliminates the confusion and allows you to simplify your insurance into a single policy.

When your farm is both your home and your business, insurance can seem like a complicated topic. In fact, it’s an opportunity to get a single policy that meets all your needs. The key is being certain what you want from a farm insurance policy and making sure your insurer provides it.

How can farm insurance protect you?

Use the yellow hot spots and explore how farm insurance can help protect against common risks.
Farm

ATV / Utility Vehicles

Risk Factor

Utility vehicles or ATVs designed for use on farms can increase liability. This is mainly because these vehicles are known to be associated with high-risk behaviors, such as operating the vehicle without the use of protective equipment.

Solution

If you routinely ride your ATV or utility vehicle, be sure to always use good judgment and wear proper protective equipment, such as a helmet. Additionally, avoid behaviors that are known to increase risk of injury, such as riding on roads that are intended for automobiles.

Products Liability Exposure

Risk Factor

Say, for example, that the beef produced from the cows raised or kept on a farm causes illness in a consumer when it’s eaten.

Solution

To combat this risk, add an endorsement that modifies your insurance policy to protect you from these potential mistakes.

Business Income

Risk Factor

Equipment used on a farm has a high risk of mechanical breakdown. For example, a farmer's combine could ingest a rock causing equipment failure. These types of breakdowns have the ability to shut down farming operations longer than you want or expect, which could ultimately result in a delay during harvest.

Solution

Add intake coverage and/or an endorsement for business income and extra expense. This will pay for additional costs in excess of normal operating expenses, which may be incurred due to a covered cause of loss. This would allow the farm to continue operations while its property is being repaired or replaced.

Coverage for Peak Season

Risk Factor

During harvest, a farmer often stores grain in grain bins, and this grain usually sells within a few months. Coverage is needed while the grain is onsite, but it could get expensive to fully maintain this coverage during the rest of the year when no grain is present on the farm.

Solution

Cover the grain under peak season. This option tailors your coverage to provide increased amounts of insurance during the months in which you have grain on your farm. This type of coverage can be applied to any harvested crop, not just grains.

Pollution

Risk Factor

Pollution is an increasing risk that can occur due to the improper storage or application of pesticides and fertilizers, runoff and above ground or underground storage tanks.

Solution

It is difficult to control pollution risks on your farm, but it is not impossible. You can protect yourself against this type of risk by obtaining environmental insurance that provides protection for both bodily injury and property damage caused by a farm pollution incident.

Umbrella

Risk Factor

What happens when your farm faces a large liability loss that exceeds the basic limit of your standard policy?

Solution

A commercial umbrella insurance policy increases your liability limits by adding protection over and above your current farm policies - providing real financial value, as well as priceless peace of mind. Commercial umbrella insurance is available either by an endorsement to your farm policy or as separate coverage.

Care, Custody and Control

Risk Factor

If you're caring for livestock owned by others on your farm and an unfortunate event occurs causing the death of some or all of this livestock, you may be held responsible.

Solution

To protect yourself and your farm from this type of risk, add care, custody and control to your insurance policy as an endorsement.

Custom Farming / Business Activity

Risk Factor

Does your farm provide services for others? If so, you may be held responsible for the business activities related to these services.

Solution

To protect yourself from any type of incident relating to these business activities, add an endorsement for custom farming to your insurance policy.

Field Crops

Risk Factor

There are many uncontrollable factors that affect the growth of field crops, such as weather. Are you prepared for what might happen if your crops are devastated by an uncontrollable incident?

Solution

You can protect your livelihood and investment from this type of unavoidable risk with the addition of multi-peril crop insurance.

Property

Risk Factor

If you have a barn or farm structure, a loss to these structures can be catastrophic, potentially putting the farm out of business.

Solution

Be sure you have adequate property coverage to protect your farm from potential catastrophic loss.

Glass Coverage

Risk Factor

If your tractor, combine, harvester or other farming equipment has cab glass, that glass could break. It can be an expensive repair and cause your equipment to be unavailable for an extended amount of time.

Solution

Be sure you have coverage to help pay for repairs or other service work for broken glass.

The starting point is protecting your property and contents against damage such as fire, theft, flooding and other disasters. Some policies will cover everything, while others will specifically protect either your personal dwelling and possessions, or the equipment and buildings used in your agricultural business. In the latter case, make certain you check the definitions and exclusions.

Also consider insurance for livestock, harvested grains and so on. Ask how the replacement costs are calculated; specifically, whether lost profits are part of the calculations.

As with any business, you’ll also need to look into workers compensation for employees, liability insurance for visitors to your premises and specialty coverage for any vehicles you use for work rather than just for personal driving.

To take the next step in protecting your livelihood, contact us today.

Let’s discuss your farm insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate farm insurance solution. There’s no obligation, just good-old-fashioned advice.
Hurley Insurance Brokers offers comprehensive farm insurance in Pittsburgh, PA, Beaver, Butler and surrounding areas.