Save on farm insurance

Buckeye Farm News

Cost effective farm insurance

Here are a few ways to control costs and risk.

Minimizing claims

The cost of an accident is like an iceberg. What’s covered by insurance can be just the tip you see above the water line. What’s below the surface – lost business, legal disputes, fines, stress, disgruntled customers – often are not covered by insurance. But they all affect your bottom line.

Minimizing claims not only saves insurance costs; it can save significant dollars for your farm or ranch overall. How can you can minimize losses?

Report all losses within 24 hours. Studies show that the longer a claim goes unreported, the more it costs. Even if a loss looks like it may be below your deductible, report it in case it escalates in the future. Reducing your number of claims can help lower premiums. Some ideas:

  • Make safety and loss reduction an everyday part of your job.
  • Find ways to routinely communicate safety messages to everyone who comes onto your farm or ranch.
  • Review each accident or mishap and use it as a learning tool.
  • Use personal protective equipment (safety glasses, face shields, hand protection, hearing protection).
  • Screen your drivers.
  • Require seat belts be worn at all times.
  • Display your farm or ranch phone number on your vehicles, and invite people to call if they see unsafe driving practices.
  • Make sure everyone on your farm or ranch understands that they are responsible for their own safety and the safety of others every day.
  • Make sure all equipment safety guards and other safety devices are in place at all times and keep your buildings and equipment clean and debris-free.

Contact a Nationwide Insurance agent to find out how you can save even more on Farm Insurance as a Farm Bureau member, or visit

Lynn Snyder 

Lynn Snyder is senior director of communications for Ohio Farm Bureau.

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