Agriculture (Fishing and Hunting Insurance)
For many people, fishing and hunting are more than just hobbies – they’re a way of life. Agriculture insurance can cover a variety of different eventualities, from loss of earnings due to an accident or injury, to damage to equipment or even third-party liability. Whether you’re a professional fisherman or hunter, or you simply enjoy spending your free time out in nature, it’s worth considering taking out a policy to protect yourself and your livelihood.
Agriculture, Forestry, Fishing, and Hunting Insurance
In the past, severe weather has left massive damage to crops leading to significant financial losses. However, businesses with insurance policies have been able to weather the storm and received much-needed relief.
An agricultural, forestry, fishing, and hunting insurance offers your business protection from potential lawsuits.
Is my Business under the agriculture, forestry, fishing, and hunting category?
The National American Industry Classification System (NAICS) classifies businesses under
Crop farming– any business involved in farming crops such as fruits, vegetables, grains, tobacco or soybeans.
Forestry– a business operating timber production, tree nursery or timber logging.
Animal farming– any business specializing in farm produce from cattle beef farming, pig, or dairy milk production falls in this category.
Fishing– any business involved in fishing or aquaculture farming.
Insurance Coverage Costs of Agriculture Forestry Fishing and Hunting
The average cost of a general liability insurance policy will depend on the location, type of business, number of employees, revenue and claims history.
Insurance Policies for Agriculture, Forestry, Fishing and Hunting Businesses
Agriculture, forestry, fishing, and hunting insurance protects your business against unforeseen circumstances. The type of insurance needed is unique and specific to the kind of business.
Getting the right insurance will ensure the proper coverage for the type of business you operate.
The policies include
Buildings and building contents Insurance
The policy covers contents inside your business property—for example, a poultry pen or greenhouse.
Farm Personal Property Insurance
The insurance protects your farm equipment, crops, and livestock if they are damaged, vandalized, stolen or lost.
Commercial Vehicle Insurance
This policy protects your farm vehicles used to carry items, move from one location to another, or deliver produce. The policy protects your vehicles against an accident or damage.
It is difficult to predict future events, however getting the right insurance coverage will give you peace of mind to concentrate on your business, knowing you are fully covered.