Farm Insurance

Farm insurance is a customizable policy designed to protect you personally and commercially when your livelihood is connected to agriculture. Whether you have a hobby farm or a large agribusiness, you need a farm insurance policy to protect your investment and manage potential liability. A well-designed insurance protection plan will cover your home, belongings, outbuildings, livestock, and equipment. We can insure multiple locations on one policy. Your insurance protection plan should also ensure adequate legal liability coverage is in place for your agricultural operations.  

Farm Life is your livelihood. You have built your home there; you work there and you raise your family there. Hoffman Insurance has the experience you can depend on when looking to protect your farm or ranch operation. We are equipped to help you close the gap and prevent costly damages from affecting your personal and business finances. 

Small hobby farms or large agribusiness operations, the right protection is important. Hoffman Insurance understands the risk associated with farming and ranching. We take the time to understand what you have built and the risk associated with your operation. We can offer an extra layer of Liability coverage to our policyholders. An Umbrella policy will offer additional liability coverage in case of a lawsuit or claim made against your farm and auto insurance.

Common Farm Insurance Questions:

What does it cost to insure a tractor?  The cost to insure a tractor is determined by the value of the tractor.  It will cost more to insure a $100,000 tractor than a $10,000 one. 

What does liability cover on my farm?  If in the event of a loss, liability will cover you and your assets from a lawsuit.  For example – If you’re burning weeds and the fire gets away from you and your  neighbor’s house burns down – you will be liable for their home.  Liability insurance will cover their home up to your liability limit.

Do I have to insure my trailer?  There is no cost for liability as it will follow the vehicle that is pulling the trailer, but if you want physical damage on a trailer you will need to list it and pay a premium.

Can I insure my livestock?  Easy answer is YES, but when purchasing a policy you will need to double check the perils.  Blizzard insurance is a policy all it’s own.  You can insure your livestock on your farmowners policy for covered perils.  Death due to vehicle collision is a covered peril but you must have that endorsement on the policy.

Should I insure my welder?  It is always a good idea to insure tools such as a welder, air compressor to cover the obvious peril of theft.  Those items can disappear easily on the farm.

Are my tools covered by insurance?  Yes for a minimal amount.  The insurance will not pay for any one item that is over $2000.  Those items must be listed to be covered for their full value.

Are my fences covered by insurance?   Fences would fall under “other structures”.  Be sure to view your policy to see if you have coverage for other structures and your limit is sufficient.  If you want your corrals covered they would need to be listed and an additional premium would be assessed.

Hoffman Insurance offers a complimentary insurance review and quote comparison. Call today to discuss coverages such as: