Farm Insurance for Australian Farmers
Running and operating farms is becoming more and more competitive. With revenue under pressure, unexpected losses arising from Fire, Storm, Impact or Theft can cause hardship.
Insurance is a very simple way of reducing your risk and transferring this risk from yourself to the insurer at a pre-agreed cost. Farm insurance is provided generally in a Farm Insurance Package. This is a combination of covers which are selected individually, and will typically cover
- Farm property — including buildings and contents
- Hay, grain and livestock
- Farm machinery — including theft
- Fencing and machinery and livestock – Fire
- Domestic property and contents
- Motor — for farm and personal vehicles
- Farm working dogs
- Business interruption
- Business liability
- Road transit
- Cyber
Due to the wide choice of insurances available, a deliberate decision should be made to focus on what is the more important insurances to have.
Different Types of Industry requiring Farm Insurance
The primary industry in Australia is massive. We can provide Farm Insurance for a full range of industry types including.
- Beef Cattle
- Beekeeping
- Cereal
- Dairy Cattle
- Fruit
- Grain
- Hobby
- Sheep
- Vegetables
- Vineyards
Types of Farm Policies available
We generally see two different types of policies available in the market
- Traditional Large Farm policy
- Small Farm (Hobby Farm) policy
Different insurers have different rules, and we take this into account when obtaining the most suitable insurance in order to protect your farm.
Exposures
There are some unique exposures from operating a Farm, both at home and away. Some of these unique exposures relate to
- Contract Farming
- Tourist Type activities
- Children at Boarding School
- Weather
We are able to discuss your exposures in order to ensure you are comfortable with the risk you wish to retain or to offlay to insurers.
Business Insurance Specialists is happy to discuss your Farm Insurance needs. Contact us today, for a no obligation review of your insurance.