Diary farm insurance

Insurance Coverages to Protect Your Dairy Farm

Starting any new business comes with inherent risks, and dairy farming is no exception. To profit, dairy farmers must closely monitor their cattle, living conditions, feed, and milk production. Even then, the unexpected could happen and cause severe financial hardship if the dairy farm does not have adequate farm insurance.

But, as a new dairy farmer, how do you know what protections you need? Not to worry, we’ve compiled a list of three coverages that will help protect what matters most to you.

3 Key Coverage for your Dairy Farm:

Livestock Coverage

Injury to your cattle means injury to your bottom line. Livestock coverage includes two essential options. The first is comprehensive coverage. As the more expensive option, comprehensive coverage offers broad peril coverage, including accidents, sickness, disease, and injury. It also usually includes theft. The second option is limited coverage. It covers a narrowed list of perils such as drowning accidents, shooting, fire, smoke, electrocution, explosions, natural disasters, weather events, other animal attacks, auto collisions, or death while transporting cattle. Since you know your farm and the surrounding traffic and dangers better than anyone, it’s important to discuss all the potential threats and hazards when talking to your insurance broker about the best livestock coverage for your farm.​​

Milk Coverage

Even when you take the best precautions, contaminated milk can sometimes happen. Milk coverage gives you the peace of mind that this production setback won’t create a severe financial loss for your farming business.

Comprehensive Building and Equipment Coverage

This vital coverage protects the equipment, buildings, and livestock dwellings necessary to run the farm smoothly. Because every dairy farm is different, it’s essential to work closely with your insurance broker to determine the right amount of coverage and an affordable deductible.

It’s impossible to know what accidents, natural disasters, or other mishaps will threaten the success of your dairy farm. Still, by protecting yourself with livestock coverage, milk coverage, and comprehensive building and equipment coverage, you can feel confident that your farm can bounce back from just about any setback.

Our farm insurance experts know how to find the right coverage that suits your farm because they are also farmers. Connect with one of our local advisors to find the right coverage for you.