Call Us 515-272-0020 ☰ ˟
Logo
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
      • Data Backup
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Health InsuranceImage of right arrow
      • Individual & Family Health Insurance
      • Group Health Insurance
      • Dental Coverage
      • Vision Coverage
      • Long-Term Care Insurance
      • Temporary Health Insurance
      • Supplemental Insurance
      • Disability Insurance
      • Medical Expense Insurance
      • Child Health Insurance
      • Travel Health Insurance
      • Prescription Insurance
      • HSAs
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Snow Plow Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
  • Get A Quote
  • Contact Us
    • Contact Us
    • Our Locations
Icon Auto Icon Home
Icon Farm
Icon Crop
Icon Business Icon Health
Home > Blog > Five Common Misconceptions About Farm Insurance
TUESDAY, DECEMBER 27, 2022

Five Common Misconceptions About Farm Insurance

To any agricultural producer, farm insurance might seem like a burden. After all, it’s an ongoing expense that might cut into your overall profit margins. Still, this is one of the most important risk management tools that any farmer needs.  

No farm is immune to damage risks and other liabilities, but the right insurance benefits will ensure you have a financial resource available to help you navigate these challenges. In the end, it is much more of an asset than a burden. 

Take a look at some of the most common misconceptions about this type of insurance, what it does and why you need it. 

#1: You Only Need the Basic Coverage 

To some people, buying farm insurance just means buying the most basic coverage available. This is risky because it could leave you without coverage in some very critical loss scenarios. It’s much more of a value to you to work with your agent to customize your benefits so that they are specific to your operations. In the end, you want your policy to provide coverage that’s unique to your farm, not to your competitor’s. 

#2: Workers' Compensation Insurance Is Not Required 

Though workers’ compensation laws vary widely, many agricultural producers are required to provide this coverage for their employees, even if they own a family farm. It’s there to help employees receive financial support following on-the-job injuries or illnesses. a close up of a plant

#3: You Don’t Need to Insure Personal Belongings on Your Farm 

Some farms are also homes, and in this case, you need to protect your personal property as much as you need to protect commercial assets. Blanket property insurance will help you insure both personal and commercial assets under the same plan. 

#4: You Don’t Need Scheduled Items Coverage 

Under standard property insurance, you might find that high-value or specialty items might not have full coverage. However, if you schedule your personal property under a policy endorsement, then you’ll insure a particular item for its specific value, and under coverage that much more matches the financial risk associated with the item. 

#5: Farm Insurance Is Not Affordable 

Farm insurance does not have to be expensive, and you don’t have to sacrifice critical benefits just to be able to save money on your rates. There are numerous carrier options on the market, and countless ways to tailor and combine benefits so that you’ll always be able to receive both optimized coverage and optimized prices. 

Ultimately, farm insurance gives you asset and liability coverage your farm needs to have. The right coverage is possible when you work closely with an insurer dedicated to helping you. 
Posted 3:04 PM

Tags: farm, equipment, livestock, ranch, insurance, coverage
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022

  • insurance(20)
  • coverage(16)
  • farm(13)
  • ranch(12)
  • livestock(10)
  • equipment(10)
  • auto insurance(5)
  • home insurance(4)
  • business insurance(4)
  • farm insurance(3)
  • business(3)
  • commercial(3)
  • liability(2)
  • health insurance(2)
  • crop insurance(2)
  • agriculture(2)
  • small(2)
  • policy(2)
  • crop(2)
  • truck(1)
  • transportation(1)
  • life(1)
  • companies(1)
  • owners(1)
  • boat(1)
  • terms(1)
  • restaurant(1)
  • pet(1)
  • travel health insurance(1)
  • umbrella(1)
  • agribusiness(1)
  • trucking(1)
  • deductible(1)
  • cyber(1)
  • rv insurance(1)
  • benefits(1)
  • retirement(1)
  • whole(1)
  • personal(1)
  • equine(1)
  • watercraft(1)

View Mobile Version
Insure your needs today!
Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
Report a Claim
About Us
Our Carriers
Partners
Blog
Contact Us
Location 203 4th Ave West
Swea City, IA 50590

Ph: 515-272-0020
Fx: 515-272-0022
Powered by Insurance Website Builder