How does agricultural insurance work?

Farming

5 min read

What is agricultural insurance?

Before exploring how agricultural insurance works and its importance, let’s summarise what it is. Agricultural insurance is a valuable risk management tool that’s purchased by both smallholder farmers and larger agricultural producers alike. Its purpose is to cover valuable assets that, if harmed, could limit the farm’s economic potential, such as farming property, equipment, tools, livestock, and even in the event of human injury.

Why is agricultural insurance important?

Whether you own a small family farm, or are operating across acres of land, at AbbeyAutoline, we understand how busy and constantly demanding your farming life can be. However, t’s crucially important that the work that you do in building your livelihood is protected against the day-to-day risks that agricultural life constantly has. 

The majority of agricultural assets have the potential to be exposed to some form of damage, be it weather, harm to livestock, theft, or personal injury. As a result, it’s important that all the multitudes of your working farm are protected for complete peace of mind so you can focus on running your business.  

What does agricultural insurance cover?

From your home on the farm, to the animals, our Farm Combined Insurance conveniently draws all aspects of farming into the one policy. Because we understand that no two farms are the same, this option is broken down into different areas of cover so you can build insurance around your specific farming needs. We provide four areas of cover:

• Farm building & contents: this covers farming property and its contents including, items of machinery, foodstuffs, farming equipment and tools, and dairy equipment
• Household buildings & contents: this area of cover protects your domestic property and belongings (such as specified valuables, garden furniture, sporting equipment, and computer equipment) against standard perils like fire, storm, theft, water damage, along with the option of including accidental damage. 
• Livestock: this includes harms caused to livestock by fire, lightning, and electrocution. It can be enhanced to also include theft, livestock in transit, straying livestock, and worrying.
• Farm liability: this type of cover protects your business for instances wherein you are responsible for injury or damage to others. The three types of liability that we offer are: public and product liability, employers liability, and environmental liability.  

There are also further options to boost your cover to protect against loss of revenue, contamination of milk in tanks, personal accident and sickness, and all risks cover which provides coverage from risks that could damage your property. 

How can I get agricultural insurance?

Our dedicated team has been equipped with the tools and knowledge so our customers can receive support that’s specific to their exact needs. At Abbey Autoline, it’s crucial that our team understands the challenges and stresses that farmers face on a daily basis. That’s why the Agricultural Team has undergone specialist training, in association with the charity, Rural Support. We don’t take a one size fits all approach and want to wholly understand each customer so we can help you choose that insurance plan that will best support your agricultural business. 

To start protecting your livelihood, get in touch with the experts at AbbeyAutoline on 08000 66 55 44 or arrange a call back today.