Category - Agri-Post Articles

If have an insured loss to any of your machinery you will likely need to rent a replacement while the damaged one is being repaired or replaced. This can be very costly for you unless you decide to transfer the risk to the insurance company. The Machinery Loss of Use Coverage will pay the rental …

Sometimes you need to buy a Builder’s Risk policy when doing construction projects and other times you don’t. If the coverage is required, it can be purchased by your General Contractor or by you. When you do a new building project, the only coverage suited is the builder’s risk policy. To obtain full and complete …

There is property on your farm that you may not have thought to insure. The Threshed Grain Floater is an important coverage when you consider this is what you worked all year to produce. Each bin or truck load represents thousands of dollars of investment and can be insured adequately. It is your cash flow, …

Are you protected from the devastation of Hail and Fire to your crop? With Private Crop Hail Insurance, you get both Hail and Fire coverage. Both losses are paid on a “spot loss” basis. Crop Hail insurance provides immediate cash flow relief. Hail insurance is one of the smallest per acre input costs. Can you …

You decide to do a renovation or addition project. You run your business in this building and you rent out a portion of it to another business. You hire a contractor or sub-trades to do the work and while doing this, they start a fire or cause some other damage to the building. Tenants or …

Today’s volumes of pesticides, fuel and manure combined with the ever-increasing environment regulations and sensitivity to these issues makes this an important consideration. A hazardous materials cleanup crew, the long tail of environmental monitoring and environmental fines can really add up. Legal Liability coverage is readily available for little to no extra cost for sudden …

Replacement Cost coverage is very different than Actual Cash Value coverage. RPL Cost Coverage has the intent to put you back to where you were before the loss. Therefore the premium and limits of coverage are not based on the current resale value of your building. They are based on the cost to rebuild similar …

Directors and Officers of a corporation are responsible for their actions, the actions of the corporation and in some instances the actions of other directors. The courts have assessed damages against directors of corporations for wrongful actions. While some people believe that a LTD. or INC. company creates a legal veil leaving limited liability behind. …

When you review your insurance program with your broker, you are essentially looking for value. We all measure that differently. With this in mind some ideas that may interest you are: You may consider increasing your deductible to the next highest option or even higher. The higher the deductible is, the lower the annual premium. …

Farm and Commercial policies cover the electrical, mechanical and other equipment used in most operations for losses caused by fire, theft, collision and other events. But most property policies specifically exclude losses arising from a very common problem, equipment breakdown, which includes electrical injury (surge), mechanical breakdown, pressure explosion, rupture and cracking. So, any business …