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Nationwide News: Farm umbrella insurance protects you when accidents happen
Buckeye Farm News
Farm umbrella insurance is designed to protect you when accidents happen and your existing liability insurance is not enough to cover all of the loss sustained by another party. Standard liability coverage will take care of you in most situations, but when serious situations arise, farm umbrella liability insurance is available to help ensure that your farm is protected. Accidents happen to everyone, so it makes sense to invest in a farm umbrella policy to help protect yourself in the event that:
- An accident on your farm results in catastrophic damages, multiple injuries or deaths.
- Someone successfully sues you for damages resulting in illness from your products.
Safeguarding Your Farm
A farm umbrella policy picks up where your farm auto liability, general liability and other liability coverage stops. Umbrella insurance can be an affordable way to provide extra coverage against bodily injury and/or property damage. For example, if your current policy covers you for $1 million and you are successfully sued for $1.5 million, applicable umbrella coverage can pay the outstanding $500,000 – a better solution to having it deducted from your farm profits.
How much umbrella insurance coverage does your farm need? A variety of factors go into determining the answer, including the type of farm you own and how much coverage you already have.
24/7 claims service
Farm insurance professionals from Nationwide Agribusiness Insurance are dedicated to helping keep your farm running smoothly in the event of an accident or emergency. Should you need to file a claim, you can rely on the team from Nationwide Agribusiness to gather all the facts, assess the damage and settle the claim quickly. Dedicated claims service representatives are available anytime at 1-800-248-6283.
As the largest farm insurance providers in the country, Nationwide Agribusiness is committed to providing 24/7 claims service, free loss control information and the financial stability that comes with an A+ rating from A.M. Best. For a free farm umbrella insurance quote customized to fit your business needs, contact a local Nationwide Agribusiness agent (locations available at nationwide.com/OFBF).