locations , unique situations , and more product liability coverage . Even if your business partners don ’ t require this type of coverage ( most do !), it ’ s a great way to protect your farm and your family from all the “ what ifs ” that can happen in farming .
HOW MUCH DOES FARM INSURANCE COST ?
Like any insurance , the price of farm insurance will depend on a number of factors . At a high level , taking out a policy that provides at least $ 1 million in liability coverage is a great starting point . As you add coverage and adjust your policy , the price you pay will move as well . Here are the things that can impact the cost of farm insurance :
• Type of farm
• Size of crops
• Livestock
• Buildings
• Farm equipment
• Special requirements
The insurance needed to protect a farmer that grows melons in his backyard and sells them at a local farmer ’ s market will come with a very different price tag when compared to a farmer that has 45 acres of crops , five pieces of heavy machinery , and partnerships with wholesalers around North America .
As your farm business grows , it ’ s critical that you have insurance that covers you through different stages and cycles of business development . While it can be hard to fork over a bunch of money in premiums , protecting yourself from the worst-case scenario is always worth it .
INSURANCE = PROTECTION
FARM INSURANCE
We know that for farmers , farms are so much more than just their livelihoods or a way to make money ; they are part of their identity . The right insurance helps protect your business financially , but that peace of mind is priceless . We live in an unpredictable world with ever-changing weather patterns , natural disasters , and human error . Liability coverage , along with any other type of coverage you may need , can mean the difference between a bad crop season and your last crop season . Don ’ t risk it .
We invite you to reach out and come sit down with us at GIS to customize your coverage properly so you can focus on what you do best : farming . +
With over 25 years of professional experience in northwest Indiana , Rob Schable is committed to providing his clients security and peace of mind while ensuring their futures with trust and integrity . A proud graduate of Indiana State University , Rob is a native of LaPorte county , where he resides with his wife Tearsa and their two college-age children , Jack and Ella . He is an active member of his church and serves on the board of directors for the NewDay Foundation . Rob is a family man who loves nothing more than spending quality time with his loved ones in the great outdoors .
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