What is farm insurance?
Working on the land brings many rewards – but just as many risks. As a farm owner, you’re vulnerable to bushfires that can destroy livestock or damage your buildings and other property; machinery breakdown which can cost you time and money; personal illness or a serious accident; or even a claim from a guest injured on your property.
That’s why farm insurance can help protect your farm and its produce, and the wellbeing of you, your family and the people that pass through your property.
What can it cover?
Farm insurance can be tailored to cover your home and farm buildings, livestock, vehicles, equipment and more. It can also safeguard you against theft and loss of income. For example, a typical Steadfast farm pack can cover:
|Type of Cover||Potential Benefits|
|Home property||Domestic property and belongings from defined events or accidental damage. Cover may include buildings, contents, personal effects, legal liability and/or domestic workers compensation cover.|
|Farm property||Physical loss or damage to farm property caused by defined events or accidental damage.|
|Public and products liability||Claims by third parties for personal injury and/or property damage and/or legal costs in connection with the farming business.|
|Accident and sickness cover||Regular payments to help keep your business running if you’re injured or fall ill.|
|Livestock||Death or loss of livestock due to specified events.|
|Machinery breakdown||Damage to electrical and mechanical machinery, boilers and pressure vessels for loss or damage caused by breakdown.|