Farm Owner's Insurance

When your farm is both your home and your business, insurance can seem like a complicated topic. In fact, it’s an opportunity to get a single policy that meets all your needs. A Farm Owner’s Insurance policy will include coverage for your home, farm, buildings, equipment, vehicles, and liability (with unlimited farm locations for liability) all in one policy. We can also include things like Worker’s Comp and other vital coverage to your farm.
At Stuart Surles Insurance, we offer a variety of options depending on your situation. Some policies will cover everything, while others will specifically protect either your personal dwelling and possessions or the equipment and buildings used in your agricultural business. In the latter case, make certain you check the definitions and exclusions.

One Policy that Covers Everything

Your home is the center of your life. It’s also your biggest investment. So make sure you cover the unique risks you face with home insurance. Get the right policy that will take care of both small and large risks related to owning a home. Imagine if your house caught on fire. Not only would you lose your home, but you’d also be burdened financially and emotionally. Without adequate home insurance, you would be left with no way of raising the funds to pay off the balance of the mortgage. Of course, home insurance may also protect you from more common things like pipe leaks and property damage. Because even small issues can add up, and having comprehensive coverage helps you protect your biggest investment.

A commercial and personal autos are often one of your biggest assets. Auto insurance protects against potentially crippling financial losses and the sheer inconvenience of being without transportation. Remember, not all car insurance is created equal. Some auto insurance policies simply meet legal requirements. In most states, this means your auto insurance will cover the damage you cause to other cars in collisions. Additionally, the law usually states that auto insurance policies must cover some medical bills that result from a car crash. Some companies allow lay-up credit to reduce costs for vehicles with a GVW over 25,000 lbs.

If you have a barn, farm structures, or outbuildings, a loss to these structures can be catastrophic, potentially putting the farm out of business. Be sure you have adequate property coverage to protect your farm from potential catastrophic loss. *Actual policies must be consulted for specific terms and conditions.

The farm equipment your farm uses on a daily basis is susceptible to damage, which requires replacement or repairs and makes the loss of income a possibility. By covering this equipment, you can have the protection you need so damaged farm equipment does not hinder your ability to manage your farm operations. Another thing to consider is whether your policy gives you credit for the months that your trucks aren’t operational. This is an easy option to add to save premium, without skimping on coverage.

No matter the size and nature of your business, there are always uncertainties. General liability insurance mainly covers bodily injury to people outside of your business and physical damage to their property. A few exceptions to this principle include data loss and reputation damage (for example, if one of your business’ staff members defames a client). It’s important to note that general liability coverage doesn’t apply to cases where you are sued for giving inadequate professional advice. Errors & omissions insurance (E&O) can help to protect your business from that specific type of risk. *Blanket liability provided by some of our carriers.

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