Agribusiness insurance is a policy for those whose main or whole source of income comes from agriculture. Because agribusiness has its own unique set of concerns, risks, and needs, we offer policies tailored to help with an array of loss and liabilities specific to agriculture.
Similar to our policy for businesses, we offer general liability insurance specifically catered to agribusiness. Because the needs of farmers, ranchers, and hobby farmers are different than other business practices, this plan is geared toward the losses that occur exclusively to agriculture.
It is no secret that agribusiness is a physically demanding field. With this line of work comes the inevitable risk of injury. Workers compensation protects you, as a business owner, from paying out-of-pocket fees and expenses caused by unexpected injury.
Equipment coverage helps protect your equipment if damage or stolen by covered perils listed or causes damage to property or damage to another person
In agribusiness, efficient tools, equipment, and machines are imperative. A damaged item affects crop yield which, in turn, translates to loss of revenue.
Farm and ranch insurance is usually a highly customized policy: you start with basic barebones coverage, then tack on additional options based on the needs of your home and business. Because each farm or ranch is unique, Pacific Legacy Insurance Services, Inc will often conduct a site visit to make sure your property is fully covered.
Farm and ranch insurance also covers personal property directly related to the farming or ranch operation. This portion of the coverage can typically be broken down into categories: farm dwelling, farm machinery and equipment, livestock, and farm products such as seed, silage, animal feed, fertilizers and pesticides. Most farm insurance policies allow policyholders to choose broad coverages over the categories or to schedule individual items (these options work similarly to endorsements and floaters). Whether you choose to broadly cover categories or individually schedule items, it is broken down under this portion of a farm insurance policy.
