Whether farming is your hobby or occupation, there’s something deeply rewarding about the trade. For those who farm as an occupation, nothing makes you realize just how precarious and vulnerable your livelihood is as crop or cattle damage is caused by some event out of your control. For these reasons, it’s crucial to protect your farm and operation by having a solid farm insurance policy. Below are five ways to protect your farm.
Contact An Expert Farm Insurance Agent
If your livelihood is contingent upon your livestock or crops, you need farm insurance. This can protect these valuable assets in the event of a disaster, thereby protecting your livelihood. A professional farm insurance agent will help develop a policy that is unique to your farm or agricultural business. If you have yet to do this or are unhappy with your current policy, contact a reputable insurance agent today.
Assess Your Product Liability
If something happens to the product that you have raised and it somehow causes injury and illness, you could be held liable. Depending on the scale of your specific operation, this could be catastrophic to your business. Protect yourself from this and get product liability coverage.
Protect Your Property
Farm insurance agents can assess your property, account for all commercial structures and buildings, and help determine the best type of coverage for you. Even if your operation is small, don’t assume that all the buildings and other parts of your property are covered under a standard homeowners insurance policy. Good farm insurance companies can tailor a policy to protect your farming property regardless of its size.
Protect Your Equipment
High-quality farm equipment is an integral part of almost any farming operation. Unfortunately, when this equipment breaks down, it can bring your entire operation to a halt, and it may remain at a standstill until you have the funds for repairs or replacements. An insurance policy that includes equipment breakdown coverage can help you avoid the costly effects of equipment malfunctions.
Protect Your Livestock
Livestock is neither cheap nor easy to maintain. It’s an investment, and if your investment is not protected, your operation is vulnerable. This can be remedied through livestock protection coverage. Whether it’s because a collision or weather, this type of policy can protect your livestock.
Looking for a farm insurance agent in Colorado? Contact Mountain Plai6ns Agency, Inc.
For more than 13 years, we have been helping farmers in Northern Colorado. Whether you need to protect ranches, crops, or cattle, Mountain Plains Agency, Inc can tailor a farm insurance policy that meets your specific needs. Contact us today to learn more or fill out this online form to get your free quote.