As a farm or ranch owner, you face a wide range of risks every day. Liability insurance for your farm is one of the best ways that you can protect your assets, and arguably one of the most important types of insurance that you can purchase.
Liability insurance offers protection for your farm against third-party allegations that arise for bodily injury or property damage for which you could be held liable.
Here are four types of liability insurance to consider for your farm.
Premises liability is valuable liability coverage that protects you from allegations of third- party injury or property damage that occurs on-premises. An example of this would be a visitor that brings a lawsuit after slipping and becoming injured on your property.
In the event that someone becomes injured on your property due to operations of your farm or ranch, you could be held liable. Operations liability offers coverage against claims against bodily injury or property damage due to your farm operations.
Product liability insurance offers coverage in the event that someone is harmed due to your products. Should someone become sick from eating a product you have sold, product liability will offer protection.
The risk of pollution is real when it comes to farm and ranch operation. Pollution liability insurance is designed to protect your farm and ranch against government-mandated cleanups or remediation expenses and liability for pollution damage that occurs as a result of your farm operations.
Owning and operating a farm or ranch can be rewarding work. But one serious allegation or accident can send your finances into a tailspin. To help protect your business from financial misfortune, make sure you have adequate liability insurance.
At Texas Outdoor Insurance, our agents have extensive experience in matching farm and ranch owners with policies that are perfect for their needs. We offer a wide range of commercial liability coverage options for you to choose from. Contact us today and make sure you are covered.