If you’ve just purchased your first hobby farm… Congratulations!
You may be wondering whether you need insurance for your small or hobby farm, especially if it’s a place of enjoyment, and you’re not necessarily running a business.
Insurance is important for protecting yourself and your assets in the event of unexpected accidents or losses. A farm is a place where there are many inherent risks, dangerous machinery, animals, all of which can result in unexpected and unfortunate outcomes at any time.
Here are a few reasons why you should consider getting insurance for your farm:
Protection for your legal liability: If someone gets hurt on your property or suffers financial loss as a result of your actions or your farm products, you could be held legally liable. Farm insurance can provide liability coverage to protect you from these costs.
Protection for your animals: Your farm animals are a valuable asset, and unexpected events such as fire can cause significant financial loss. Farm insurance can provide coverage for loss or death of your animals.
Protection for your property: A farm is a significant investment, and unexpected events such as fires or storms can cause significant damage. Farm insurance can provide coverage for damage to your property, including buildings, equipment, contents and infrastructure & improvements.
Protection for your business: Investing in farm insurance can provide valuable protection for yourself, your assets, and your business. It is an important consideration for anyone who owns a small or hobby farm, and it can provide peace of mind knowing that you and your farm are protected in case of unexpected events.
Farmstyle Insurance is a dedicated small and hobby farm insurance provider. To learn more about how we can help you protect your dream farm, click here.