How Farmers Insurance Is Different Than Business Insurance and Why

Many farmers view their farm as more than a business. It is both a means and a way of life. Taking good care of livestock, crops, horses, and the equipment goes beyond business as usual. The truth is, a farm is much more personal. This is because you are out there every day, working hard for a living. Farmers are responsible not only for feeding themselves and their families but for the entire country. This is admirable, no doubt, yet it still remains a business.

As with any business, you need certain protections. That is where farmers and business insurance comes in. Farmers insurance is a more specified form of business insurance, and it covers many things that are relevant to farmers. Things like:

  1. Equipment
    Insuring your means of production is crucial for any business, and it’s no different in the agriculture industry. Where computer microchip processors depend on nano-robots to produce their products, farmers rely on tractors and irrigation pumps. Having these insured is essential.
  2. Infrastructure
    If a farmer’s wheat silo catches fire, that could spell financial disaster for their whole family. Natural disasters shouldn’t ruin anyone’s livelihood, and that’s what a good insurance policy protects against.
  3. Your Home
    One way that business insurance and farmers insurance coverage differs is on personal property. Since most farmers essentially live at work, their ability to work is contingent on having a place to live. This is why farmers insurance policies cover your home.

The average farm in the United States is a massive 442 acres. Even though that seems like a lot of land to insure, many farmers are surprised to learn that insurance rates are not as expensive as they might expect. Policies are also incredibly flexible and are based on what you need to cover most urgently. If you are interested in learning more about our coverage options and how you can customize your policy, contact us today. Or, if you want to get an a few farmers insurance quotes within minutes, visit our website to fill out information about your farm.

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