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As with any purchase, your insurance buying decision will be motivated by finding the greatest value. While premium is one part of the value equation, there are other factors to consider. Lowest price doesn’t always mean the best value. If you pay a low premium but don’t get quality service or adequate protection, you don’t have good value in your insurance. Below are some other factors to consider in choosing a reliable insurer for your farm business.

Financial stability. Look for an insurance company that’s financially stable and able to serve you in the long run. There are several independent services that rate insurance companies’ financial stability. One of the best recognized is the A.M. Best Company. Ask your agent what the Best’s rating is for your insurance company. You want one that is rated A+ (Superior) or higher, such as Nationwide Agribusiness Insurance.

Farm-related expertise. Look for a company that has professionals who understand your business and can meet your needs. Look for a company with farm knowledgeable claims handlers, loss control specialists and specialized farm underwriters.

A local agent whom you trust and rely on. It’s important to look for an agent who can understand and meet your farm insurance needs. Even better, choose an agent who can also address all your financial protection needs through investments and life insurance.

Product Needs. Look for a company that offers the coverage protection you need for your specific farming operation.

Commitment to the agricultural market. Look for an insurance company with a proven track record of consistently serving the agricultural market. Nationwide Agribusiness was founded in 1909 by Iowa farmers and agribusiness leaders. Ohio Farm Bureau leaders founded its parent company, Nationwide Mutual Insurance. Today, Ohio Farm Bureau endorses Nationwide and Nationwide Agribusiness Insurance.

OFBF members enjoy a 10 percent discount on Nationwide farm premium and receive enhanced policy coverages. Enhancements include increased amounts of coverage on personal property and identity fraud expenses.

For more information about how to make sure you have the right farm coverages, contact a Nationwide agent and ask about significant savings for OFBF members.