How do I know if I need farm insurance?

Farmers in and around Little Falls, MN understand what it’s like to deal with a mix of the old and the new on an everyday basis. While most things have changed, many others remain comfortingly the same. One thing modern farmers have in common is the need to protect themselves from the risks associated with farming activities.

Who Actually Needs Farm or Ranch Insurance?

If you don’t technically live on a farm or ranch, a standard homeowners policy might be adequate to meet your needs. There are some criteria you can use to decide if you will need the additional coverage available with a specialized policy:

  • Are there any additional structures on your property, like a shed, a stable, or even a greenhouse?  Especially if you are growing plants for sale, you may want to consider the amount of revenue you expect to receive when deciding whether or not to get farm insurance.
  • What kind of animals are you keeping on your property? Larger animals like cows or horses may give your property a business exposure that requires you to get more protection.
  • Are there workers on your property? If you have employees who help with the crops or animals, they are a potential liability. Minnesota law requires that most employees be protected with workers’ compensation insurance.

Buying a Farm Insurance Policy

At Hanneken Insurance Agency Inc., we can help you go through all your options and help you look at your situation to see if you need farm insurance. Your policy will be individualized to fit your circumstances because every situation is different.

If you are in Little Falls, MN and thinking about whether you should get farm insurance, call Hanneken Insurance Agency Inc. today so we can show you all your options.