Serving the Farm Operations along the Colorado Front Range
While farms need the standard types of insurance policies that other businesses need, such as property insurance and general liability coverage, they also need insurance that is specifically related to the business they run.
Some farms make all or most of their profits through the crops that they grow. When a disaster, such as a tornado, wildfire or flood strikes and the crops they depend on are devastated, crop insurance can reimburse them for the losses they face. Before buying crop insurance, it's vital that farmers submit an accurate representation of the planted acreage they have per unit. Should they underreport, they may not be reimbursed for all losses they could realistically experience.
Livestock insurance is a multifaceted type of coverage with several different policy options. For example, farm owners can buy coverage for specific activities such as their livestock's transit or for auction market coverage; they may buy coverage for specific animals such as poultry coverage or pasture and dairy cattle coverage; or they may buy mortality insurance for animals with an especially high value to the farm such as a stud.
Farm Equipment Insurance
It takes a lot of specialized equipment to run a farm. From tractors to irrigation equipment, trailers to combines, these complicated expensive machines are fundamental to a farm’s ability to operate properly, efficiently and successfully. Equipment insurance for the vehicles and machines on the farm will allow for reimbursement for certain losses and damages and can help keep you operational.
Workers Compensation Insurance
Farm operations can be dangerous. Employees can be required to operate heavy equipment with many moving parts increasing the likelihood of an injury. Also tending to crops and harvesting operations are be very strenuous and hard on the bodies of the employees. Therefore every farm operation should purchase Workers Compensation coverage to provide for the care of their injured employees. Without this protection, the farm owner will be responsible for paying the medical expenses and lost wages of their employees who are injured at work.
Denver West Insurance Brokers is located on the west side of Denver in Golden CO. Call one of our licensed agents today for insuring your farm operations. 303-960-5290.