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• What Is Farm and Ranch Insurance in Illinois?
• What Does Farm and Ranch Insurance Cover in Illinois?
• What Isn’t Covered by Farm and Ranch Insurance in Illinois?
• What Are the Top Farm and Ranch Claims in Illinois?
• Are There Any Additional Farm and Ranch Policies in Illinois?
• Average Cost of Farm and Ranch Insurance in Illinois
• Here’s How an Illinois Independent Insurance Agent Can Help

When you run a farm, you’ve got a multitude of things to keep track of (and worry about) on a daily basis. From your livestock to your equipment, all the moving and stationary parts of your farm need the right protection. Fortunately there’s a type of coverage known as farm and ranch insurance designed to offer just that.

Even better, an Illinois independent insurance agent can help you find the right type of farm and ranch insurance to cover each component of your farm or ranch with the appropriate protection. But before we jump too far ahead, here’s a breakdown of this important coverage.

What Is Farm and Ranch Insurance in Illinois?

In Illinois, farm and ranch insurance is basically a specialized form of business owners policy insurance tweaked and formatted to meet the needs of farm and ranch owners. These policies are packaged to include protection for farm and ranch equipment, property, liability, workers, livestock, and more. Instead of buying a host of separate coverages, farm and ranch insurance allows for convenience by providing many important protections together in one bundle.

What Does Farm and Ranch Insurance Cover in Illinois?

Farm and ranch insurance in Illinois provides numerous critical coverages. Working with an Illinois independent insurance agent is the best way to get set up with the right package that meets all of your needs, but for the most part, farm and ranch insurance policies include the following coverages:

• Livestock coverage: Protects your livestock from threats like disease outbreaks, natural disasters, and more.
• Liability coverage: Provides crucial coverage against lawsuits filed against you by third parties for claims of bodily injury or property damage. Coverage reimburses for legal fees, including attorney costs.
• Property coverage: Provides critical protection for your farm or ranch’s property, like buildings, fences, tools, and much more, from disasters like fire, theft, etc.
• Crop insurance: Coverage for your crops may also be include, but you’ll need to double-check your specific policy. Crop insurance protects against perils like freezing and more.

Your Illinois independent insurance agent can help you find the farm and ranch policy that works best for your unique farm or ranch.

What Isn’t Covered by Farm and Ranch Insurance in Illinois?

Though farm and ranch insurance provides tons of critical protection, it also comes with certain exclusions. According to insurance expert Paul Martin, farm and ranch policies across the map tend to exclude these perils:

If you’re concerned about flood or earthquake damage, talk to your Illinois independent insurance agent about finding a separate flood insurance or earthquake insurance policy. They’ll help you get equipped with all the protection you need to feel like your farm or ranch is safe and secure.

What Are the Top Farm and Ranch Claims in Illinois?

Before looking into farm and ranch insurance, it’s important to know exactly what you need that coverage to protect you against. Knowing the most frequent kinds of claims filed by farm and ranch owners can seriously help with this. Check out a list of the top farm and ranch claims below.

Top 10 Farm and Ranch Insurance Claims

1. Work vehicle accidents
2. Employee disability or death
3. Misapplication of chemicals or chemical drift
4. Slips, falls, and other injuries
5. Food-related incidents
6. Animal bites and other damage
7. Glass breakage
8. Windstorm damage
9. Lightning and hail damage
10. Fire damage

A Illinois independent insurance agent can help your farm or ranch get set up with the right protection to guard against these common threats, and much more.

Are There Any Additional Farm and Ranch Policies in Illinois?

Yes, there are additional policies you can add onto your Illinois farm and ranch insurance package. You’ll want to review what your policy covers with your Illinois independent insurance agent to make sure you fill any gaps in your protection, but commonly added policies include:

• Worker's compensation: Your farm or ranch wouldn’t get far without its hardworking team. Illinois offers exemptions for certain agricultural businesses from offering worker's comp for their crew, but not having coverage could cost you a whole lot, in numerous ways.
• Commercial auto insurance: A regular auto insurance policy will not protect your farm or ranch’s work vehicles, so getting commercial auto coverage is crucial. Commercial auto insurance protects work vehicles against vandalism, fire damage, liability issues, and more.

Your Illinois independent insurance agent will help you review your farm and ranch coverage and add any additional policies necessary to keep your business running smoothly.

Average Cost of Farm and Ranch Insurance in Illinois

Unfortunately, since farm and ranch insurance policies are highly specific to your unique business and can vary so greatly, it’s difficult to provide an average figure when it comes to the cost of coverage. That being said, your farm and ranch insurance policy in Illinois is likely to be determined based on the following information:

• Annual profits
• Amount and value of livestock
• Total acreage
• Exact location

These factors may also help determine your policy's cost:

Martin stresses the importance of being fully transparent with your Illinois independent insurance agent about the exact operations that take place on your farm or ranch, including the equipment you have and its specific uses. Discussing the routine operations of your farm or ranch is the best way to insure that you get equipped with the right coverage for you. An Illinois independent insurance agent can help you find exact quotes for your area.

Here’s How an Illinois Independent Insurance Agent Can Help

When it comes to protecting farms and ranches against risks like theft, disease outbreaks, fire, and all other perils, no one’s better equipped to help than an independent insurance agent. Illinois independent insurance agents search through multiple carriers to find providers who specialize in farm and ranch insurance, deliver quotes from a number of different sources, and help you walk through them all to find the best blend of coverage and cost.