A lot can go wrong when you run a farm, and much of it is out of your control. Whether you run a small hobby farm and a roadside stand or have a sprawling agricultural business with multiple employees and expensive machinery, you need insurance that protects your financial interests. At Midwest Insurance Solutions, we can help you get reliable coverage that covers every corner of your business – all at competitive rates that help you hold on to more of your hard-earned revenue.
Industry Hazards
Every day brings new challenges when you work in agriculture. Unique situations become the norm for most farmers, forcing a constant adaptation to changing environmental and financial factors. It could be that a worker gets injured by a young bull or that a salmonella outbreak is traced back to your chickens. You might even find that your business is threatened by a year-long drought that yields a poor harvest. Circumstances like these could cause your business tremendous financial loss or even force you out of business without the right insurance coverage.
Business Coverages
Your farm may not be conventional, but it is nonetheless a business. That means you need many of the same coverages that other businesses need. Examples include:
Workers Compensation
This coverage helps pay for injury-related expenses when a worker gets hurt on the job. Workers compensation insurance is mandatory for most businesses, as it helps pay for lost wages and medical expenses due to workplace injuries. It is no-fault coverage, meaning your employee gets compensation regardless of who is responsible for the accident. Furthermore, claims against workers compensation insurance reduce the risk of a hurt employee suing your business instead.
General Liability
General liability insurance helps cover your business against financial responsibility for third-party injuries and property damages. Whether loose livestock injure a passerby or a vendor is hurt while touring your operations, general liability insurance can help protect your farm against litigation and other expenses.
Property
What would you do if your hay barn were struck by lightning and caught fire? Property insurance helps protect the physical assets owned by your business. Coverage typically pays for repair or compensates you for a total loss when damages occur due to a covered event.
Business Interruption
This coverage helps assure the continuation of your business by paying for ongoing expenses while your business is temporarily closed due to a covered event.
Commercial Vehicle Coverage
If you use vehicles for commercial purposes on your farm, you need auto insurance that protects your vehicles against damage and also protects your business against accident-related liability.
Industry Coverages
There are several other coverages that can help protect your business and your livelihood as a farmer. These coverages are unique to your industry and the risks you face as a business owner. For example, you may need product liability insurance for the crops you grow and sell on your farm. Perhaps you need extended liability protection for processed foods you sell, such as fresh-made jams. It could be that you need insurance that protects your livestock against accidental shootings or attacks from wild animals. Whatever the case, an agent here at Midwest Insurance Solutions can help you cover your bases.
Farm Insurance Quotes in Iowa
At Midwest Insurance Solutions, we can help you find coverage for your agricultural business, whether you run a crop farm, dairy farm, cattle ranch, floral nursery, or winery. We understand the dangers of your industry and can advise you on the types of coverage you may need to mitigate your financial risks. For more information about Des Moines farm insurance or to request your free quotes, contact our office today. We look forward to serving you soon.
