Farm insurance

Farm/Ranch Insurance - Allied Insurance

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Category: Farm & Ranch
Published on Wednesday, 14 July 2010 11:53

allied-insurance-farmNationwide Agribusiness farm policies have been protecting farmers and ranchers for more than 100 years. Today, as a member of Nationwide, we're part of the largest ag insurance writer in the U.S. Our policies aren’t modified homeowners or commercial policies. They’re designed specifically for your farm or ranch, with coverages for your risks. Our wealth of experience in the ag market means we know what kind of protection farmers need and what kind of service you expect. With a Nationwide Agribusiness farm policy, you’re covered.

Farm auto insurance
Farm auto insurance helps protect your personal and farm vehicles. Whether you use the same truck for personal and farm use or you have semi trucks delivering your goods, you need comprehensive farm auto insurance.

We understand that farm vehicles are essential to your business – and that road conditions, weather and other drivers are out of your control. For example:

  • You’re involved in an accident while delivering your livestock or harvest
  • Hail or vandalism damages your vehicle
  • An uninsured driver hits your truck

Get farm auto insurance coverage that fits your operation

That’s why it’s important to have farm auto insurance to protect the vehicles you use to run your farm. Contact a local agent today and get a free customizable farm auto insurance quote that can include:

  • Auto liability
  • Medical payments
  • Comprehensive coverage
  • Collision coverage
  • Uninsured and underinsured motorists coverage
  • Coverage for autos you borrow or rent
  • Coverage for employees using their vehicles for the farm operation

California farm bureau - Here's why you should join

California Farm Bureau members enjoy premium discounts on Allied personal auto, business auto, and farm insurance, as well as discounts at Lenscrafters, major theme parks, and discounts on Dodge vehicles, Grainger products, and much more. Click here for more details.

How can you join?
Farmers and ranchers who earn income from production agriculture join the California Farm Bureau as “Voting Members” and receive the weekly Ag Alert®, California's number one agricultural trade journal. All others join as “Sustaining Members” and receive the bi-monthly California Country magazine, filled with useful information and background on food production, home gardening and other subjects.

Farm disruption of income insurance−because time is money

Farm disruption of income insurance keeps your farm revenues flowing due to unexpected events, you still have to pay the bills–employees, rent or mortgage, suppliers, taxes, and yourself. As a farm owner, you know there are risks that come with the territory. A force outside your control may cause you to close your doors for a time, including:

  • If your poultry building burns down and you miss a flock payment, you have lost income
  • If your hay barn is damaged, you may need to rent another to continue your operations until yours is repaired
  • If a wind storm blows the top off a grain bin, you’ll need to find another way to store your grain

Disruption of income insurance keeps your farm running

Disruption of income insurance can keep capital flowing through your farm in the event of such disruptions. It can help you:

  • Keep your farm afloat if a loss forces you to shut down for a short time
  • Cover lost net income and continuing expenses such as mortgage, livestock operations, taxes and payroll
  • Pay to rebuild your damaged property

For smaller farms, our CountryChoice® farm policy provides coverage for extra expense, and optional coverages are available to increase the limits on the coverage. 

Equipment breakdown insurance−equipment failure doesn't have to mean farm failure

Today’s farm and ranch equipment is more difficult and more expensive to repair. Most farm owner policies exclude equipment breakdown coverage. We offer affordable equipment breakdown coverage built into your farm policy.

Farm equipment insurance is as important to your business operations as the equipment itself. In an age of technology – telephones, computers and electrical systems – your farm is dependent on a variety of machines to communicate with customers, to heat and cool your buildings and to house, store and sell your livestock, produce or grain. A breakdown can easily cost thousands and be compounded by lost income. With our new, low-cost equipment breakdown coverage, there’s no reason to risk a serious loss.

Equipment breakdowns can put your farm on hold

We understand that damaged equipment can mean lost income, so we offer comprehensive insurance for equipment breakdowns to keep your farm running smoothly. Here are some examples of equipment breakdowns that have happened:

  • A circuit board failure leads to a liquid cattle feed leak
  • A tube failure drops a pump 600 feet to the bottom of a well
  • A grain elevator overload causes a main gearbox to crack
  • A compressor breakdown wastes refrigerant

Farm equipment insurance protects equipment that is vital to your success

Most standard property insurance policies do not provide insurance for the typical causes of equipment breakdown. Equipment breakdown coverage protects against damage caused by power surges, mechanical breakdown, motor burnout, boiler damage and operator error. It can pay for:

  • Boilers, pressure vessels, water heaters
  • Electrical distribution systems
  • Pumps
  • Heating and cooling systems
  • Refrigeration equipment
  • Production equipment

Don't risk the fruits of your labor

Owning a farm means you have unique coverage needs, so you need an insurance plan designed for the type of operation you run. Whether it's dairy, equine, hay and row crop, fruit and nut, a small, rural farm, or some other type of operation, our Nationwide Agribusiness AgriChoice® and CountryChoiceSM policies are customized to fit the risks you face on a day-to-day basis.

Flexibility
AgriChoice policies can be designed to protect every aspect of your farming or ranching operation, including your buildings, machinery, equipment and livestock. You can round out your plan with liability protection and a variety of other optional coverages. If you're looking for protection four your rural acreage or hobby farm, we've got you covered with our CountryChoice policy.

Discounts
You may qualify for additional premium discounts when you choose a Nationwide Agribusiness policy for all of your farm and ranch coverages.

Deductible options
You can reduce your premium by choosing from a variety of deductible options. The more risk you can assume yourself through higher deductibles, the lower the cost of your premiums.

New home credit
If your home was recently built (10 years or less in most states), you may be eligible to receive a new home credit.

Payment plans

You can pay your insurance premium all at once or in monthly payments through a variety of payment methods. Or have your premium automatically withdrawn from your account with our Flex Chek program. Choose the option that’s easiest for you.

Farm liability insurance
Farm liability insurance is something you cannot do without. As someone who runs a farm, you are familiar with the day-to-day uncertainties of working your land. Isn’t it nice to know that you and your farm can depend on premium farm insurance from Nationwide? We understand you need complete liability protection, not just “one size fits all” coverage. We cover medical expenses, attorney fees and damages when you are legally responsible and other situations that may not have even crossed your mind, regardless of your planning. For example,

  • Someone is hurt in an accident on your farm as a result of your actions
  • Someone becomes ill as a result of one of your farm's products

We understand all of the hard work you have put into your farm–the number crunching, careful planning and endless hours you’ve invested. And because accidents can–and do–happen, a Nationwide Agribusiness farm liability insurance policy can protect you and your business. Farm liability coverage includes attorney’s fees and the costs to defend your farm in court, which can be among the most important aspects of this protection.

Get the farm liability coverage you need

Because farming is such a unique business, we offer insurance solutions to protect you. In addition to general farm liability, consider whether you need these coverages as well:

  • Off-premises use of farm equipment
  • ATVs or recreational vehicles
  • Agritourism
  • Custom farming
  • Milk contamination

Prevent losses before they happen
The numbers don’t lie—loss control services offer good value to your operation. Studies have shown that every dollar invested in safety could result in a four dollar benefit. That’s why we offer loss control services directly to farming and ranching customers.

Our loss control professionals may be able to provide assistance with the following aspects of your operation:
Program development - We’ll assist you in developing safety and health procedures, which reduce the likelihood of loss from related hazards and exposures.
Training - We’ll assist in training you and your employees on the policies and procedures outlined in written loss prevention programs.
Hazard recognition - We’ll help you identify areas of potential loss that you may have overlooked, and make recommendations on how you can reduce the risk to an acceptable level.

Regulatory reference - We’ll help answer questions, interpret regulatory issues and respond to citations from OSHA, EPA, NFPA, DOT, and other regulatory agencies.

Farm property insurance protects what you work hard for

Farm property insurance can protect your farm–through a minor hiccup or a major financial loss. Whether you own or lease your land, we will protect your farm’s physical assets. For example:

  • A fire could destroy your machinery shed along with your combine and tractor
  • A fence breaks and a car hits your livestock
  • A storm could blow the roof off your home

That’s why farm property insurance is one of the most important investments ensuring the future of your operation. A farm policy by Nationwide Agribusiness even has you covered if you have commercial or rental building property to protect:

  • Your dwellings and contents
  • Your tenant dwellings
  • Your barns and farm buildings
  • Your livestock
  • Your farm machinery and equipment
  • Your stored grain and produce

We understand that your farm is unique and constantly changing. We can tailor our farm property insurance policy to fit your needs.

Get the farm property coverage you need
Because farming is such a unique business, we offer insurance solutions to protect you. In addition to general farm property insurance, consider whether you need these coverages as well:

  • Equipment breakdown for equipment in farm structures
  • Optional peak season coverage for those times when inventory is high
  • Optional coverage for contamination or leakage of milk
  • Coverage for newly acquired equipment as well as livestock
  • Primary coverage for borrowed farm equipment

 

Farm umbrella insurance−because accidents happen

Umbrella liability insurance protects you when accidents happen and your existing liability insurance policies cannot cover all expenses. Standard liability coverage will take care of you in most situations, but when serious situations arise, umbrella liability insurance will help ensure that your farm is protected. While no one wants accidents to happen, they do–and people sue. Here are a few possibilities:

  • An accident on your farm results in multiple injuries or deaths
  • Someone successfully sues you for damages resulting in illness from your products

Cover your farm with umbrella liability insurance
An umbrella policy picks up where your farm auto liability, general liability or other liability coverage stops. Umbrella insurance is an inexpensive way to provide extra coverage against bodily injury and/or property damage. For example, if your current policy covers you for $1 million and you are successfully sued for $1.5 million, your umbrella coverage can pay the outstanding $500,000 – which is a lot less painful than having it come out of your farm profits.

Umbrella liability insurance coverage tailored to your needs
How much umbrella insurance coverage does your farm need? A variety of factors goes into determining the answer, including the type of farm you own and how much coverage you already have.

 

source: Allied Insurance