- Over 40 Years of Experience
- Licensed in Multiple States
- Comprehensive Proposals Provided
Over 40 Years of Experience
Licensed in Multiple States
Comprehensive Proposals Provided
Hours:
On its own, commercial crop farming requires taking on a major and risky investment, however, raising livestock increases the level of unpredictability and financial uncertainty even more. You can lose livestock easily and for a wide variety of reasons such as accidents, theft, weather events, and infections.
Having adequate livestock insurance is not only recommended but is essential for farmers raising animals commercially to manage risk effectively. The coverage livestock insurance provides keeps your investment safe and provides compensation for unexpected animal losses.
Help minimize your agribusiness risk by learning more about the livestock insurance options Ihry Insurance offers, and call us for a free quote.
Livestock insurance offers coverage for farmers who raise animals commercially and for profit, which include, but are not limited to:
A farm animal insurance policy can be created to provide coverage in two main ways: comprehensive coverage and limited or individual coverage. Comprehensive coverage provides coverage for several types of animals and loss events, such as death, illness, or injury. Limited or individual coverage provides individual coverage for specific types of animals and loss events.
These policies can be further customized depending on the particulars of your farming business and your specific needs. In many cases, the coverage that the policy provides can also be extended to protect the structures and facilities used to contain the animals.
The following is a list of livestock insurance coverage options that you can include in your policy on a broad or individual cause of loss basis:
Accidents
Accident coverage provides compensation for animal losses due to accidental deaths by explosions, drowning, falling objects, electrocution, shooting, smoke, fire, and other circumstances.
Weather Events
This provides compensation for losses due to weather-related events, such as tornados, floods, wind, hail, or lightning.
Natural Disasters
Natural disaster protection provides compensation for losses due to events such as sinkholes, earthquakes, and volcanic eruptions.
Livestock Mortality Insurance
This insurance provides a lump-sum benefit upon the death of high-value animals on an individual or blanket basis.
Land Transit Coverage
Land transit coverage provides coverage for livestock during transportation by land and provides compensation for any losses that occur during the process, such as while loading and unloading, or in a collision.
Ocean Marine Transit Coverage
This transit coverage provides protection for animal loss during transportation internationally by air or sea.
Poultry Insurance
Poultry insurance provides coverage specific to farmers who raise birds and offers protection for their unique needs, such as securing egg-laying facilities, birds raised for meat processing, hatcheries, and other poultry operations. The policy also provides compensation for income lost as a result of a covered event leading to changes in egg production.
Swine Insurance
This option provides coverage for risks associated with raising hogs and can lead to loss due to events, such as fire, building collapse, and breakdowns in containment facilities or infrastructure.
Equine Insurance
This insurance provides coverage for horses and foals that offers protection from losses associated with the death or illness of a horse raised for personal enjoyment or for commercial purposes.
Cattle Insurance
Cattle insurance provides coverage for the specific needs of cattle farmers, including compensation for the reduced value of bulls who cannot reproduce or cows that die during the calving process.
Carcass Removal
Carcass removal is an optional benefit that provides coverage for the removal and disposal of dead animals from the premises if the cause of death is covered in the policy.
Additional livestock insurance coverage options include:
Raising livestock for profit is one of the riskiest aspects of operating a farming business that requires significant capital and time investment. Your ability to keep your animals healthy and safe ultimately determines your return when the time comes to profit from your investment.
The fact is that a single livestock disease can wipe out a pasture full of cattle or other livestock in a matter of days, leaving your business vulnerable to catastrophic financial loss as a result. Having a well-written livestock insurance policy protects your farming business from the unimaginable and minimizes the risk of loss due to unforeseen negative circumstances.
If you want to explore your options with a trusted leader in the agricultural insurance industry, call Ihry Insurance today to speak with one of our helpful agents to get a free and fully customized livestock insurance quote.
Learn More About Livestock Insurance
Call Today for a Free Quote
(701) 557-1727
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