Agribusiness Insurance Information
Agribusiness insurance is the foundation of our firm. We have been providing specialized coverage for farms, ranches, dairies, wineries, packers, processors, producers and distributors of agricultural products since 1975. We are one of the largest writers of transporters of agriculture products in the U.S. We have the expertise to handle large, complex risks, and are proud to be the broker of choice for some of the most prestigious accounts in the country. Our firm has long been recognized as the top choice for food processors and food distributors. We provide expert solutions for the following types of businesses:
· Cotton Gins
· Cotton Growers
· Crop Insurance
· Dairy Products Manufacturers
· Dairy Products Processors
· Feed Additive Manufacturers
· Grain Growers
· Grain/Feed Elevators and Mills
· Grain Haulers/Transporters
· Meat Distributors
· Meat Processors
· Milk Haulers/Transporters
· Produce Distributors
We also write ordinary farms and ranches including working farms and ranches, all the way to Gentlemen Farmers and Gentlemen's Farms. While farms and ranches need the standard types of insurance policies that other businesses need, such as property insurance and general liability coverage, they also need insurance that is specifically related to the business they run.
Some farms make all or most of their profits through the crops that they grow. When a disaster, such as a tornado, wildfire or flood strikes and the crops they depend on are devastated, crop insurance can reimburse them for the losses they face. Before buying crop insurance, it's vital that farmers submit an accurate representation of the planted acreage they have per unit. Should they underreport, they may not be reimbursed for all losses they could realistically experience.
Livestock insurance is a multifaceted type of coverage with several different policy options. For example, farm owners can buy coverage for specific activities such as their livestock's transit or for auction market coverage; they may buy coverage for specific animals such as poultry coverage or pasture and dairy cattle coverage; or they may buy mortality insurance for animals with an especially high value to the farm such as a stud.
Farm Equipment Insurance
It takes a lot of specialized equipment to run a farm. From tractors to irrigation equipment, trailers to combines, these complicated expensive machines are fundamental to a farm’s ability to operate properly, efficiently and successfully. Equipment insurance for the vehicles and machines on the farm will allow for reimbursement for certain losses and damages and can help keep you operational.
Workers Compensation Insurance
Farms that employ people should also look at workers compensation coverage. Without this protection, they will be responsible for paying the medical expenses and lost wages of employees who are injured at work.