Contrary to the idyllic vision of golden haystacks and green pastures (and cute cows), farms are inherently dangerous. Every year, thousands of farm workers are injured and hundreds more die in farming accidents. And according to a recent study, farm-related injuries suffered by children cost the U.S. $1.4 billion every year.
Many agricultural dangers are not readily visible, especially to visitors and people who have never lived on a farm. Because of this, farmers and ranchers have unique liability as respects potential harm to visitors to their property.
Compared to a typical residential property owner, a farmer often has more land, guests, trespassers and dangerous equipment and machinery, not to mention horses and livestock. These factors increase the potential for injury and raise the liability for the farmer or rancher.
Determining Liability Coverage
What type of liability coverage you need depends on how you use your farm. Is your private farm for personal or business use?
Employing stable help, having outside boarders or conducting training may impact coverage under your personal insurance program. Consider all aspects of your personal farm usage to determine if your homeowners policy provides the appropriate coverage. You may find that a farm or commercial policy gives you the protection you really need.
Guest blogger Christina Carroll leads Willis Private Client’s Farm and Ranch division. She joined Willis in 2010 after 15 years providing risk management services for many of the largest cattle ranches, thoroughbred breeding farms and racing stables, performance horse stables, show horse stables, and gentleman farms throughout the country.