What is
Farm Liability
Insurance?
Here are just a few of the items covered by loss of farm income insurance:
Liability coverage is a simple concept but involves a full and frank discussion. By identifying all the activities that the farm operation participates in, we’ll better understand all your farm operation’s exposures. With that knowledge, we can work with you to protect you and your farm operation against a significant financial burden.
How much coverage is enough? This is a question that your broker will discuss with you, but ultimately, it’s your decision. You have worked incredibly hard to build, maintain, and grow your farm operation, often over many generations. We want to ensure that the farm operation can continue, even if someone were to sue you.
Our liability policy is designed to be comprehensive, covering not just you as the farm operator, but also your spouse, your children (while living in your household), and your employees (while doing the farm business’ work). It provides coverage for your legal liability for your personal actions, issues arising from your farm premises, and issues arising from your farming operations.
While our liability policy is comprehensive, there are certain liabilities that it may not cover. This is why we need to have a detailed discussion about your farm operations. It’s important to ensure that you and your operation are fully covered with respect to liability, which may require additional policies or extensions.
There are also options available for an umbrella liability policy. This policy provides liability coverage over and above the limits on your underlying policies, such as farm liability or auto insurance liability. It gives peace of mind knowing you have adequate coverage for whatever comes your way.
Your Excalibur Insurance farm broker will work with you to explain the different coverage options and liability coverage available. The essential consideration in building the right coverage package for you will be determining the risks to the future of your farm operation and getting the farm back to where it was before the loss.