Insurance Coverage for Logansport, IN Farmers 

As a farmer, you contribute valuable products to your neighbors, community and perhaps even strangers hundreds of miles away. Farms have long made up an essential part of the backbone of the United States. However, while these businesses are inherently important and often rewarding, they also involve significant financial risk, as various tasks could be rife with risks and dangers. That’s why even the most experienced and diligent farmers must secure appropriate insurance.

What is Farm Insurance?

Farm insurance refers to the various policies and coverages that may be necessary for you to address your farm’s risks and exposures. While every farm is unique, several types of insurance may be suitable for most in this industry. After selecting appropriate policies and weaving them together to form a versatile financial safety net, you can file a claim for financial assistance. These claims could provide critical financial aid during your darkest hours if approved.

What Should My Insurance Cover?

Farms have many unique aspects, including their locations, sizes, crops and livestock. However, many industry risks remain relatively consistent regardless of your operational details. Most farmers can benefit from the following types of insurance:

• Farm liability insurance may account for third-party losses, such as if a guest is injured on your farm, a neighbor’s property is damaged by your operations or a customer is harmed by a spoiled or contaminated product.

• Commercial property insurance can cover your farm’s physical assets, including barns, silos, tool sheds, equipment, tools, inventory and electronics.

• Workers’ compensation insurance is typically required by law and may help manage losses and expenses if farm employees are injured or become ill on the job.

• Business interruption insurance can offset lost income and help pay for ongoing expenses if your farm operations are disrupted.

• Livestock insurance can help pay for losses involving your animals, including those arising from accidents, fires, floods and animal attacks.

• Crop insurance may financially protect your farm from implications involving its crops, such as if your harvest is damaged or market fluctuations impose fiscal losses.

• Commercial auto insurance can cover incidents involving your farm’s motor vehicles.

We’re Here to Help

Contact Leicht Insurance in Logansport, Indiana, today to learn more about coverage options for your farm.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.