Farm Insurance

Serving Baton Rouge, New Orleans and surrounding areas since 1929

If you own a farm in Louisiana, you're likely familiar with the ups and downs of farming. Anything from equipment malfunctions to fluctuating weather patterns can wreak havoc on your livelihood. This is one reason why it's crucially important to protect yourself with farm insurance coverage.

But what should you look for in a policy? While farms need the standard types of insurance policies that other businesses need, such as property insurance and general liability coverage, they also need insurance that is specifically related to the business they run.

Here are four types of coverage you should consider in a farm insurance policy.

Crop Insurance

Some farms make all or most of their profits through the crops that they grow. When a disaster, such as a tornado, wildfire or flood strikes and the crops they depend on are devastated, crop insurance can reimburse them for the losses they face. Before buying crop insurance, it's vital that farmers submit an accurate representation of the planted acreage they have per unit. Should they underreport, they may not be reimbursed for all losses they could realistically experience.

Livestock Insurance

Livestock insurance is a multifaceted type of coverage with several different policy options. For example, farm owners can buy coverage for specific activities such as their livestock's transit or for auction market coverage; they may buy coverage for specific animals such as poultry coverage or pasture and dairy cattle coverage; or they may buy mortality insurance for animals with an especially high value to the farm such as a stud.

Farm Equipment Insurance

It takes a lot of specialized equipment to run a farm. From tractors to irrigation equipment, trailers to combines, these complicated expensive machines are fundamental to a farm's ability to operate properly, efficiently and successfully. Equipment insurance for the vehicles and machines on the farm will allow for reimbursement for certain losses and damages and can help keep you operational.

Workers Compensation Insurance

Farms that employ people should also look at workers compensation coverage. Without this protection, they will be responsible for paying the medical expenses and lost wages of employees who are injured at work.

If you're looking to purchase a farm insurance policy, look no further than McInnis Insurance Services, Inc. With more than 80 years of experience and access to policies from a variety of insurers, we can help you find farm insurance solutions that meed your needs, at a price you can afford. Call us at (844) 926-0860 or request a free quote online today!