Agri-Services Agency Blog

Any business enterprise is exposed to risks, but the agricultural industry is particularly affected by factors that are outside the control of farmers. Add to this the fact that farmers’ income tends to seesaw, together with statistics showing that agricultural work is one of the most dangerous occupations in the United States, and it’s clear that farmers need to arrange for financial protection from risks and accidents. To be sure of getting the best value in insurance, it’s essential to compare farm insurance quotes from a variety of insurers.

Farmers need to consider purchasing insurance for four main types of risk:
•    Workers’ compensation insurance pays benefits to farm workers who suffer injuries or illnesses related to their work.
•    Crop insurance can compensate the farmer when crops are lost or damaged or when market conditions affect farm income.
•    Livestock insurance can compensate the farmer for sickness or death of livestock, as well as market changes that affect farm income.
•    Property and casualty insurance provides protection for farm buildings and equipment against loss or damage as well as liability coverage for visitors injured on the farm.

Insurance agents who understand the local agricultural industry can manage some of the administrative load of farm insurance by obtaining a variety of farm insurance quotes and helping the farmer to assess the quotes and identify the insurance policy that provides the best protection at the lowest price.
 

*