Agricultural insurance is an essential risk management tool for farmers, ranchers, and anyone else who operates an agribusiness. It offers protection against weather, fire, vandalism, and other unfortunate events. To help you understand what it is and does, below are some details to know about this type of coverage. 

What Is Agricultural Insurance?

Agricultural insurance is comprised of several different types of coverage, including farm, crop, and livestock protection. Depending on the policy and the insurer, some types of coverage come together in a standard package while others are available separately.

What Does It Cover?

Farm insurance includes protection against standard homeowner risks, like storms, fire, vandalism, theft, and falling objects. It pairs this with business liability protection, farm equipment coverage, and workers compensation. You can customize your policy to cover outbuildings and other structures like fences, silos, and sheds too.

Livestock insurance covers losses relating to farm animals like cows, horses, pigs, and even emus, chickens, and ostriches. You can choose blanket coverage to protect the entire herd or scheduled coverage that covers only the most valuable individual animals.

Crop insurance protects against financial losses caused by crop failure due to hail, drought, fire, and insects. It also guards against unexpected swings in market prices, so you won’t have to worry if soybean prices plummet the week you bring in your harvest, for example. 

For expert assistance customizing an agricultural policy to protect your unique agribusiness, contact Beadle Insurance Agency in Lubbock, TX. Locally owned and operated, they have served clients in and around Lubbock County since 1975, specializing in auto, home, boat, motorcycle, and life insurance. They are proud of their long tradition of quality products and their reputation for impeccable customer service. Visit their website to submit a contact request or call (806) 385-3426 to ask for a quote.