There are few industries so intimately tied to nature as farming, and it is an industry that is vitally important to every person on this planet. But recent events like fires, windstorms and ice storms have shown how vulnerable the farm businesses are, and how important it is to plan for the unexpected. While major natural disasters may trigger government programs, recovering from events that only affect your businesses is likely to depend upon you and your insurance company.
As with any risk management strategy, farm insurance policy coverage is only useful if you review and plan for your coverage before you need it. Reading your policy after an unfortunate event has occurred will confirm the coverage you have – but it will be too late to make important changes.
Insuring the physical assets the business owns and uses, and insuring the people who own, manage and work on the farm business, is discussed here. Both aspects are equally important.
What is Covered?
A farm insurance policy can provide coverage for:
• dwellings and personal property,
• farm buildings,
• machinery and equipment, and
Boats and recreational vehicles are likely to require special coverage. Coverage for motor vehicles that are required to be registered is provided under an automobile insurance policy.
Roughley Insurance Brokers Ltd. would be pleased to offer you a complimentary, no-obligation review of your current farm insurance policy, or discuss your new policy needs. Contact us today to speak to one of our brokers, or to arrange for an appointment and join the others farms and businesses who are getting the Roughley Advantage.