Archive for July, 2018
The USDA claims that family farms now make up nearly 100% of the farms across America. Getting the right insurance to cover the liability of your assets, including your horse, is paramount for your business. Here’s why investing in business liability insurance coverage is a necessity for your farm.
It provides you with legal assistance
If your farm and business have damages or suits filed against you, this insurance funds the cost of the investigation and any expenses you might incur from hiring an attorney to represent you and your case. This insurance will also cover the cost of settlements and judgments after the case ruling is finalized.
It covers some damages
Whether the damage happens to your property, business liability insurance coverage will help cover any accidents that happen on your property. This can also cover damages that happen during your operations or damages incurred from advertising.
What it doesn’t cover
This type of insurance typically doesn’t cover employee injury, automobile accidents, or professional mistakes. Be sure to talk about the various forms of life insurance, car insurance, and workers compensation insurance that is required for each facet of your business.
Look for local, reliable insurers in your area to guarantee you’re getting the coverage that’s right for you. It can be difficult to manage the many forms of insurance available on the market, but finding an experienced insurer is the first step to guaranteeing the success and longevity of your business.
Consider equine liability insurance
If your farm raises horses, you have many opportunities to utilize their benefits in a commercial setting: you can open your farm to the public for equine training or riding instruction, but there are many reasons to protect your horses. Equine liability insurance is a necessity for horse boarding, transport, and any damages that may happen to or by your horses. Maintaining a business with animals comes with many unexpected twists and turns. The right insurance company will give you the skills necessary to ensure your business will continue to thrive in an often unpredictable market.
Protect your farm and business by looking into business liability insurance coverage options today.
From adequate health care coverage to life insurance, having insurance as a resident of the United States is a hugely important aspect of protecting yourself financially as a citizen here. With a typical household income of just over seventy thousand dollars a year here in the United States, many people are able to live comfortably – but do not necessarily have the funds to put away money in the case of emergency. Because let’s face the facts – there are so many things that require our money, from the student loan payments that so many of us have to mortgage payments. Ensuring that you have health care coverage often becomes just another cost. And this is not even to discuss the daily costs of every day life, such as that of groceries, of gas for your car or cars, of school clothes and school supplies for you child or children, to even small purchases like buying cleaning supplies when you need them. This causes many adults to live paycheck to paycheck, even if they have decently payin