Like any business venture, a farm brings a high risk of liability, so it’s crucial to make sure you’re adequately protected against any incidents. Farm liability coverage helps farmers avoid facing significant financial hardship due to claims of negligence. Below are some common liability expenses this type of policy will typically cover.

Farm Liability Insurance Coverage 

Bodily Injuries & Property Damage 

If someone is injured while visiting your farm or you damage another party’s property, farm liability insurance will cover the costs you’re legally obligated to pay. This includes medical expenses and lost wages and the bills to repair or replace damaged property. Your policy will also cover legal fees if a lawsuit is brought against you, as well as any judgments awarded to the plaintiff. 

Employee Actions 

If you have employees working on your farm, your liability risk automatically increases. You can be held accountable for any negligent act committed by an employee in which a third party suffers personal injury or property damage. Farm liability coverage will pay for the damages, attorney fees, and court costs. 

Damages Caused by Livestock 

The unpredictable nature of farm animals creates another potential liability hazard for farmers. If you keep livestock on your property, you need a farm liability policy that will cover any injuries or damages they inflict on someone else. Farmers can be held liable if it’s proven they failed to use reasonable care to keep livestock from escaping. 

Without farm liability coverage, costly liability claims can force farmers to shut down their operations. Having served the residents of Licking, MO, for more than a century, Texas County Mutual Insurance offers a long legacy of protecting farm owners. As part of their commitment to the farming community, they provide quality products that meet the individual needs of each client. Their team of professionals will help you choose the right farm insurance policy to ensure you receive maximum financial security. Call (573) 674-3125 to request a quote, or visit them online for more information on their services.