Farmer’s Liability Insurance for Small Business: Agriculture Insurance
The agriculture industry in Canada consists of enterprises that focus on the practice of rearing livestock and growing crops to distribute for food products. Farmers and agriculture enterprises can grow anything from corn to hemp plants and rearing all varieties of animals - from sheep to cows and goats. In Canada, agriculture is critical. That is why LMBF offers agriculture insurance and farmer’s liability insurance for small businesses that produce raw goods and materials as a major player in the production chain. Agriculture in Canada faces a number of challenges, from storms and droughts to soil conservation, climate change, and labour. LMBF wants to tailor unique agriculture insurance for your enterprise.
What Agriculture Insurance Covers
Property & Crop Losses
Disruptions in the supply chain, unpredictable weather, and so on are all risks to your agriculture enterprise. Your agriculture insurance may include standard commercial property insurance as well as crop insurance, which prevents significant financial losses due to crop loss as a result of numerous covered perils.
Liability Insurance
Liability insurance covers your agribusiness for claims alleging bodily injury or property damage that your enterprise is responsible for. You can also purchase specialized liability insurance to cover product recall and product liability, in the event that a good you distribute causes injury or illness to a third-party.
Interruptions
Unfortunately, the agriculture industry is especially exposed to natural weather disasters as it is concerned with the growing and harvesting of sensitive crops and livestock. In the event something should happen that puts you out of business temporarily, business interruption insurance may cover you for lost wages.
- Product liability
- Commercial property
- Crops
- Livestock
- Undocumented income
- Wear and tear damages
- Criminal activity
- Sudden frost or excess moisture
What is agriculture insurance?
Agriculture insurance is an insurance policy designated for agribusinesses and farm enterprises that deal in the production and harvesting of crops and livestock. These policies may offer coverage for losses due to natural disasters and weather events in addition to liability coverage for injuries, illness, or losses due to business activity or a product that is offered. Agriculture may look very different depending on the business being insured.
Types of Agriculture Insurance Products
Our Agriculture Insurance partners
Agribusinesses face risks like no other business and it can take a single storm to put out an entire harvest. Every agricultural business should have comprehensive insurance coverage, specifically tailored to the needs of their individual operations. LMBF partners with some of the best agriculture insurance companies to help get you the coverage you need, no matter what that looks like. We meet your unique needs easier. Let us start you with a free agriculture insurance quote and you can see how affordable great coverage can be.
