How To Know If You Need Farm Insurance

​Farm insurance secures you, your home, and your livestock and agricultural operations. It combines commercial insurance and homeowners policies since farmers typically work and live on the same property. 

Any mishap can be crippling and financially devastating, which is why getting farm insurance should be one of your considerations. To help you out, here are some of the factors that would help you determine if you need farm insurance.

#1 Existence of Additional Structures
Do you have other structures on your property, other than a garage or pool? If yes, then getting farm insurance could be in your best interest. In general, structures covered by farm policies consist of sheds, barns, stables, and other buildings essential to your farming needs. For instance, you are using a greenhouse or a specialized area to grow commercial plants or crops. 

Then, you should get a farm insurance policy. Remember, however, to consider the revenue you are getting from your business activities. If it isn’t larger than the incidental income restriction of your homeowner’s policy, you will not need to get a farm insurance policy.

#2 Types of Animals in Your Farm
Do you have any animals bigger than a dog or cat? Most people have house pets or other animals, but what kinds you have and what you do with them can help you know if you need a farm insurance policy.

For instance, keeping a few horses for a particular individual for a certain amount opens you some business exposure. With that, there might be a need to get farm insurance. If you only own a pet pig or a few hens, this might not call for one. The revenue you’ll be getting when you sell the pig or the eggs your hens are laying will most likely not exceed the incidental income restriction of your homeowner’s insurance policy. If you go full blast and turn into a bigger, that’s the time farm insurance will be critical for the security operations.

#3 Presence of Workers on Your Property
Do you have individuals working for you on your property? You may be doing farming on a larger scale by now, and that calls for farm insurance. Most big farms hire people to work from them to tend livestock, harvest agriculture. Remember that your workers are your liability when they are doing tasks on your property. Make sure that you, your farm, and your employees are protected against any mishap. 

At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (425) 681-0996. Get your free quote today by CLICKING HERE.