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What insurance does a farmer need?

Today’s farmers and ranchers are professionals who require specialized advice to know what insurance they should have in the event of unforeseen events or accidents that may be covered by an insurance contract. Failure to do so may result in several issues. First of all, not having insurance that is important to safeguard the assets of the farm and family. Second, to duplicate guarantees or insurances, that is to say, to pay two or more times to ensure a good when the law prevents to collect an indemnification by value superior to the same good. And thirdly, in general, a lack of control and uneasiness in the protection of the farm. How often do you say, “I don’t know if I’m insured or where I have it!”

An agricultural or livestock farm cannot afford not to know which insurances are compulsory or recommended for the activity and, depending on the agricultural or livestock sector to which the farm belongs, the needs will be different, therefore, it requires personalized advice. a professional to help you decide on the most convenient insurance. Below, and in a very general way, we detail a whole series of insurances that a farmer must consider or at least assess their usefulness and service.

Buildings, facilities, tools, merchandise, etc. • Policies that cover assets for any direct damage they may suffer. In general, these policies correspond to the payment of the damages suffered to the goods insured by the events that are included in the contract, such as fire, explosion, lightning, meteorological phenomena (rain, wind, stone, and snow), acts of vandalism, the collision of land vehicles, electrical damage, theft, water damage, and so on.

Automotive agricultural machinery and trailers • There are two types of coverage. First of all, traffic insurance, which is compulsory by law and covers civil liability arising from traffic accidents. And, secondly, the machine’s damage guarantees (fire, glass, overturning, etc.), which can be contracted together with the traffic policy, with its damage insurance, or within a global insurance policy. exploitation.

Civil liability of the operation • These are insurances that guarantee the payment of an economic indemnity to a third party injured party for which he must be held civilly liable. There are several types of civil liability with multiple nuances: derived from the ownership of the buildings in the service of the operation, derived from the own works of the operation or works commissioned by third parties, of the elaborated products (manufacture or manipulation of foods), for damages suffered by salaried workers in the service of the farm, and others.

Wage workers • All farmers who hire workers temporarily or permanently to carry out agricultural or farm work are obliged by the corresponding agreements to take out accident insurance for workers with the guarantees and coverages established by the same agreements.

Vans and trucks • It is mandatory to take out traffic insurance for these vehicles and to assess the risk of activities related to the transport of goods or loading and unloading operations.

Cattle • Covers that affect livestock could be divided into two areas, those affected by an accident or illness. It is only possible to ensure livestock for illness through the corresponding Agroseguro line, whereas accidental events can be covered by Agroseguro or by global operating insurance.

Crops in the field • are insurable through the corresponding Agroseguro lines that establish the conditions under which they can be insured and the limits and price to be compensated. Optionally, and for some specific crops, some insurance companies offer surcharge policies that increase the insured value.

Personal subsidy insurance • The aim is to pay the insured person a daily financial amount for an accident and/or illness, which will allow them to cover the expenses they incur during inactivity.

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