What parts of a Farm can be Covered?
Farm Buildings
When insuring local farms, the brokers at Rozon Insurance know that many farmers live and work on their farm. One of the primary insurance needs is often the home you live in, we will review the coverage required to adequately cover your dwelling in the event of an insured loss. Farm insurance is a product designed specifically to cover your farm in the event of a covered loss such as burglary and fire, or against certain natural disasters like hail or lightning.
Farm Outbuildings
This coverage applies to buildings on your property other than your home. Structures like barns, stables, sheds, silos, grain bins, and other farm related dwellings like generator buildings. We understand that a sudden or catastrophic event damaging these buildings can disrupt your business and will assist you in purchasing the right insurance to minimize the disruption and get you back on track as quickly as possible.
Additional Living Expenses
In the event of a claim, your family may need to relocate temporarily. This type of insurance can cover you for reasonable increased expenses while you can’t live in your home or carry out your usual activities. Having coverage for extra costs related to temporary lodging, moving/storage, pet boarding, additional food, and utilities can bring you peace of mind during what can often be a stressful situation.
Contents of Farm Buildings
Coverage provides insurance to replace the items in your dwelling if you have a loss such as a fire, theft, or certain weather-related incidents. Contents refers to your personal belongings such as clothing, electronics, jewelry, furniture, children’s toys and much more. It is important to note that some items like jewelry, collections, bicycles, and luggage are subject to specific limits, it is important to review these items with our experienced brokers to avoid any issues in the event of a claim.
What Additional Coverages are Possible?
Farm Liability
Liability insurance is an especially important component of commercial coverage, particularly since farms can come with increased risks that could lead to injury on and off your premises. Liability insurance can protect you if someone hurts themselves on your farm, providing coverage for litigation or financial damages. Farms that are open to the public can require additional and specialized liability coverage.
Equipment/Machinery
This coverage protects your machinery in the event of insured losses, such as physical damage, fire, theft, or certain weather-related incidents. Everything from tools to tractors can be critical to the smooth operation of your business and we understand that these things can be expensive to repair or replace. Many policies include additional expense coverage for the rental of equipment required to keep your farming operations up and running.
Business Interruption
This coverage protects your income if something happens that interrupts the regular course of business activities on your farm. In the event of an insured loss, coverage often responds to incidents like flood, fire, or mechanical breakdowns. These types of events can result in a business closure for many months or, in some cases, years. This coverage can help with the costs of getting your business back up and running.
Produce, Poultry, and Livestock Insurance (including Mortality for Horses and Cattle)
For many farms, produce and livestock are a primary source of income for your business and properly insuring these assets can be critical in avoiding financial disaster. Our specialists are here to alleviate your concerns related to the processing of your produce and the well-being of your animals; we will help you understand the insurance coverages available to protect these important sources of income. Livestock mortality insurance can respond to losses caused by extreme heat, pollution, chemical spill, disease, accidents, and natural disasters affecting your cattle, pigs, horses, goats, or sheep and protect your livelihood from devastating losses.
Contact us now for a no-obligation quotation!
The brokers at Rozon Insurance Brokers Ltd. will review the options available to reduce your farm insurance costs and help you understand the best coverage that you need for your farm. We offer quotations from a variety of insurance providers to provide you with competitive rates for your insurance needs and exceptional support in the event of a claim.
Reduce the Risk of Fire in Your Farm Operations
Every year, across the country, there are many fires that cause millions of dollars in losses, and puts the lives and livelihood of farmers and their families at risk. At Rozon Insurance, we care about your operations and would like to share some information regarding a new system that helps to reduce the potential for electrical failure.
PrevTech Innovations Inc. is a Canadian company that uses technology to help farmers and their electricians monitor the overall health of the farm’s electrical system to reduce the risk of a fire caused by a system breakdown.
We are taking this opportunity to send this information to all our valued farm customers at Rozon Insurance Brokers Ltd. The PrevTech system may not be geared to your current operations, however, we feel that sharing this information is of benefit for all our agricultural clients.
For more information on PrevTech and a recent news article, please click the links below: