Farm/Rural Insurance
Working on the land brings many rewards – but just as many risks. As a farm owner, you’re vulnerable to bad weather that can destroy crops or damage your property; diseases that can threaten your livestock, machinery breakdown which can cost you time and money, personal illness or a serious accident – or even a claim from a worker or guest injured on your property.
That’s why farm insurance can help protect your farm and its produce, and the well-being of you, your family and the people that pass through your property.
Who should consider it?
Whether you’re a large-scale crop grower or livestock producer or a small family or hobby farm, Farm Insurance can help protect your farm, its produce and livestock – and the people who benefit from it.
What can it cover?
Farm insurance can be tailored to cover your home and farm buildings, livestock, vehicles, equipment and more. It can also safeguard you against theft and loss of income. For example, a typical Steadfast Farm Pack includes:
- Protection for domestic property and belongings from insured events or accidental damage
- Accidental damage and theft cover for farm assets, from silos and sheds, to tractors and utes
- Cover against third-party claims for personal injury or property damage and legal costs
- Accident and sickness cover, with regular payments to help keep your business running if you’re injured or fall ill
- The potential to insure the value of your crops
What isn’t covered?
There are exclusions. There is also often a deductible or excess and limits on cover, so it is important to speak to one of our friendly staff for advice and guidance.
Because every farm is different, it’s vital that your farm insurance is tailored to meet the specific risks you may face.
How do I select the right policy?
It is important that you understand the extent of your policy coverage and your insurance requirements. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.
Each insurance company has its own policy wording. This means that coverage can vary considerably from one insurer to another. It is vital that you compare each policy based on the appropriateness of cover for your individual or business needs.