Farm Insurance Australia :: Articles

A Farmer's Guide to Essential Farm Insurance Terminology

A Farmer's Guide to Essential Farm Insurance Terminology

A Farmer
Farming is a vital industry in Australia, requiring significant investment in equipment, crops, livestock, and labour. As with any major investment, protecting it is crucial. That's where farm insurance comes in.

Understanding farm insurance terminology is essential for farmers because it helps them make informed decisions about their coverage. Knowing the terms can easily clarify what is covered, what isn’t, and what options are available. This can save a lot of time and money in the long run.

This guide is designed to help Australian farmers navigate the often complex world of farm insurance terminology. By breaking down the key terms and concepts, we aim to empower farmers with the knowledge they need to protect their livelihood effectively.

Whether you're a new farmer or have years of experience under your belt, this guide will offer valuable insights. Let's dive in and demystify farm insurance terminology together, ensuring you have the peace of mind to focus on what you do best—farming.

Basic Insurance Terms Every Farmer Should Know

Policyholder

The policyholder is the person or entity that owns the insurance policy. If you are a farmer taking out a policy for your farm, you are the policyholder.

This means you are the one responsible for paying the premiums and are also the one who will receive the coverage benefits if a claim is made.

Premium

The premium is the amount of money you pay to your insurance provider for coverage.

Premiums can be paid monthly, quarterly, or annually and are determined by a variety of factors, including the level of coverage you choose, the type of farming you do, and the value of your assets.

Deductible/Excess

The deductible, also known as excess, is the amount you pay out-of-pocket before the insurance coverage kicks in for a claim.

A higher deductible usually means a lower premium, but it also means you'll pay more upfront if you have a claim. It's essential to balance what you can afford to pay regularly with what you could afford to cover in an emergency.

Coverage

Coverage refers to the range of protection your insurance policy provides.

This can include protection for your buildings, equipment, livestock, and crops against risks like fire, theft, and natural disasters. It's crucial to understand exactly what is covered under your policy to ensure it meets your needs.

Types of Farm Insurance Policies

Liability Insurance

Liability insurance is vital for protecting farmers from legal liabilities that may arise from their farming operations.

It covers costs related to bodily injury or property damage that happen on your farm, protecting you from lawsuits and legal fees. This type of insurance is essential for safeguarding your financial stability.

Property Insurance

Property insurance covers the physical assets of your farm, such as buildings, equipment, and inventory.

This type of insurance provides protection against risks like fire, theft, and natural disasters, helping you recover and rebuild after an unexpected event. Ensuring your property is adequately insured is fundamental to the continuity of your farming operations.

Crop Insurance

Crop insurance is designed to protect your investment in your crops against perils such as drought, storms, and pests.

It helps cover the loss of income if your crops fail due to these risks, providing financial security. This type of insurance is particularly crucial for Australian farmers given the country’s variable climate.

Livestock Insurance

Livestock insurance provides coverage for your animals, protecting against risks like disease, theft, and death.

It helps cover the cost of replacing livestock and can include specific policies for high-value animals. For farmers who heavily invest in their livestock, this insurance is an essential safeguard.

Machinery Insurance

Machinery insurance covers farm equipment such as tractors, harvesters, and irrigation systems.

This type of insurance helps cover the costs of repairing or replacing damaged or stolen machinery, ensuring minimal disruption to your operations. Given the high cost of farming machinery, this insurance can provide significant peace of mind.

Understanding Policy Limits and Exclusions

Definition of Policy Limits

Policy limits refer to the maximum amount an insurance company will pay for a covered loss under your policy.

These limits can apply to individual coverages within the policy, such as liability or property damage, and also to the policy as a whole. It's crucial to be aware of these limits to ensure they align with the value of your farm and assets.

For instance, if your policy has a $1 million limit for liability coverage, that is the maximum amount the insurer will pay in case of a claim. Understanding these limits helps you gauge how much financial protection you truly have.

Common Exclusions in Farm Insurance Policies

Exclusions are specific situations or circumstances that are not covered by your insurance policy.

For example, some common exclusions in farm insurance policies include damage due to pests and diseases, wear and tear on machinery, and certain natural disasters, like floods, if not specifically included.

These exclusions mean that if any damage or loss occurs due to these scenarios, you will not be able to claim insurance for it. Identifying these exclusions beforehand helps you better understand the policy's scope.

How to Identify and Understand Exclusions

To identify exclusions, carefully read the policy documents provided by your insurer. Look out for sections typically labeled 'Exclusions' or 'What is not covered.'

If you're unsure about any terms or conditions, don't hesitate to ask your insurance provider for clarification. Understanding these exclusions is essential for knowing the limitations of your coverage.

In some cases, you might be able to purchase additional coverage to include scenarios typically excluded. Always evaluate these options based on your farm's specific needs and risks.

Claims Process Explained

Steps to File a Claim

Filing an insurance claim can seem daunting, but breaking it down into steps can make the process more manageable.

First, contact your insurance provider as soon as you become aware of a potential claim. Most insurers offer hotlines or online portals for initiating the claim process. Provide a brief description of what happened and the extent of the damage or loss.

Next, fill out the necessary claim forms, which your insurer will provide. Ensure you complete these thoroughly to avoid delays.

After submitting your forms, an insurance adjuster will review the claim and may arrange a visit to inspect the damage or loss. They will evaluate the information and determine the compensation amount under your policy terms.

Documentation Required for Claims

Proper documentation is critical to a smooth claims process. Gather all relevant documents, such as your insurance policy, receipts for damaged items, and any previous correspondence with your insurer.

For property claims, photographs of the damage before and after the incident can be very helpful. Documents like police reports or incident reports are essential for theft or vandalism claims.

Keeping detailed records and providing them promptly to your insurer will help expedite the claims assessment and settlement process.

Tips to Ensure a Smooth Claims Process

Preparation and communication are key to a smooth claims process. Regularly review your policy to know what is covered and understand the procedure for filing a claim.

Maintain an inventory of your farm assets, updating it periodically. This can support your claim and help ensure you receive the appropriate compensation.

Finally, stay in touch with your insurer throughout the process. Promptly respond to any requests for additional information to prevent delays in your claim settlement.

Common Farm Insurance Riders and Endorsements

Definition of Riders and Endorsements

Riders and endorsements are additional provisions that you can add to your standard insurance policy to extend or customize your coverage. These can address specific risks not covered by the primary policy.

For example, a rider might offer extra protection for specialized equipment or cover specific perils like hail or flood, which are not included in the basic policy. By adding these options, you can tailor your insurance to better fit the unique aspects of your farm.

Popular Riders in Farm Insurance

Several riders and endorsements are particularly beneficial for farmers. One popular option is machinery breakdown coverage, which helps cover the cost of repairing or replacing essential equipment if it fails.

Another common rider is livestock disease coverage, providing protection against the financial impact of disease outbreaks in your herd. Crop hail insurance is also a sought-after endorsement, offering specific protection against hail damage to crops.

Additional riders might include coverage for custom farming operations, which protects your equipment and liability when you're working on another person's property.

How to Choose the Right Endorsements for Your Needs

Selecting the right endorsements for your farm involves assessing your specific risks and needs. Start by evaluating the unique aspects of your farm, such as the types of crops you grow, your livestock, and the machinery you use.

Consult with your insurance provider to discuss the available riders and how they can address your identified risks. It might be helpful to list the most valuable assets and operations on your farm to prioritize which endorsements are essential.

Remember, while adding riders increases your premiums, they provide extra peace of mind by offering enhanced coverage for specific risks. Balancing the cost with the level of additional protection they provide is key to making an informed decision.

Frequently Asked Questions About Farm Insurance

How much coverage do I need?

Determining how much coverage you need depends on several factors, including the size of your farm, the value of your assets, and the specific risks associated with your farming operations.

An essential step is to conduct a thorough assessment of your farm's assets, including buildings, equipment, livestock, and crops. This evaluation helps in calculating the total value of what needs to be insured.

Additionally, reviewing your liability exposure is crucial. Consider the potential legal and medical costs if someone is injured on your property or if your farming activities cause damage to someone else's property.

Consult with an insurance advisor who specializes in farm insurance to ensure you have comprehensive coverage that meets your unique needs.

What factors affect my premium?

Your farm insurance premium is influenced by several factors, each contributing to the total cost of your policy.

Key factors include the size and type of your farm, the value of your insured assets, and the scope of coverage you select. For example, a larger farm with more equipment and livestock will generally have higher premiums than a smaller operation.

Your farm's location also plays a significant role, as areas prone to natural disasters or higher theft rates may lead to higher premiums. Implementing safety and risk management measures can sometimes reduce your premium.

Finally, your claim history can impact your premiums. A history of frequent claims might increase your rates, while a clean record could help in securing lower premiums.

Can I customize my policy?

Yes, one of the benefits of farm insurance is the ability to customize your policy to fit your specific needs.

You can choose from a range of coverages, such as property, liability, crop, and livestock insurance. Within these categories, you can often select specific endorsements or riders to cover particular risks not included in the standard policy.

For example, if you own high-value machinery, you might add a machinery breakdown rider. Or, if you grow specialty crops, specific crop disease insurance could be beneficial. Tailoring your policy ensures you’re getting the exact coverage you need without paying for unnecessary extras.

Work closely with your insurance provider to discuss your options and build a policy that offers comprehensive protection for your farm.

Tips for Comparing Farm Insurance Policies

What to Look for in a Policy

When comparing farm insurance policies, it’s crucial to look beyond just the cost. Start by evaluating the scope of coverage each policy offers. Ensure that the policy adequately covers all your essential assets, including buildings, equipment, livestock, and crops.

Next, consider the policy limits and exclusions. Make sure the policy limits are sufficient to cover the potential maximum loss. Also, review the exclusions to understand what scenarios are not covered by the policy. This will help avoid unpleasant surprises when making a claim.

Another key factor is the ease of the claims process. Policies with straightforward claims procedures and good customer support can save you time and stress when you need to file a claim. Lastly, consider any additional benefits or riders that can be added to the policy to tailor the coverage to your specific needs.

The Importance of Reading the Fine Print

Reading the fine print of an insurance policy is vital for uncovering the details that can significantly impact your coverage. The fine print often includes important information about policy limits, exclusions, and conditions for making claims.

For example, some policies may have specific conditions related to maintenance of equipment or handling of livestock, and not adhering to these conditions could void your coverage. Similarly, understanding the exact definitions of covered perils and exclusions can help you determine if additional coverage is needed.

Taking the time to thoroughly read and understand all aspects of the policy helps prevent misunderstandings and ensures that you know precisely what you’re purchasing. If you have any questions or need clarifications, don’t hesitate to ask your insurance provider.

How to Get Multiple Quotes

Obtaining multiple quotes is an effective strategy to ensure you’re getting the best value for your farm insurance. Start by identifying several reputable insurance providers that specialize in farm insurance. Collate your farm’s details, including the type of farming operations, the value of assets, and the coverage you need, to provide accurate information to each insurer.

Reach out to these providers and request detailed quotes, including breakdowns of coverage, limits, exclusions, and premiums. Using online comparison tools and working with insurance brokers can also help streamline this process and provide a broader view of available options.

When you receive the quotes, compare them side by side, considering both the cost and the coverage. Don’t automatically choose the cheapest option; instead, assess how well each policy meets your specific needs. This comprehensive comparison will help you make an informed decision and find the best policy for your farm.

Conclusion: Is Farm Liability Insurance Worth It?

Recap of Key Points

Throughout this article, we've delved into the essentials of farm liability insurance, examining its importance, the costs involved, and the benefits it offers. We've also explored practical examples, tips for selecting the right coverage, and ways to reduce insurance costs. By now, you should have a comprehensive understanding of farm liability insurance and how it can protect your farm and livelihood.

Being well-informed about farm liability insurance allows you to make confident, educated decisions that align with your specific needs. Knowing the terminology, understanding policy details, and being aware of potential exclusions and endorsements ensures you get the best possible coverage. This knowledge not only safeguards your assets but also provides peace of mind, letting you focus on the essential work of running your farm.

While this guide provides a solid foundation, farm insurance can be complex, and each farm's needs are unique. Don't hesitate to reach out to professional insurance advisors who specialize in farm insurance. Their expertise can help tailor a policy that offers comprehensive protection and fits your budget.

Take action today to review your current coverage, address any gaps, and ensure your farm is well-protected. The right farm liability insurance policy is a vital investment in the future stability and success of your farming operations.

Published: Saturday, 1st Feb 2025
Author: Paige Estritori


Insurance News

AFCA Rejects Traveller's Insurer Claim for Alternative Flight Costs AFCA Rejects Traveller's Insurer Claim for Alternative Flight Costs
25 Jul 2025: Paige Estritori

An Australian travel insurance policyholder faced disappointment as the Australian Financial Complaints Authority (AFCA) denied their claim for reimbursement of costs incurred due to changing travel plans amid threats of a pilot strike. The traveller, who rearranged his flights from Sydney to Vancouver and subsequently to Toronto, had hoped his insurer, AIG Australia, would cover the $5,576 expenses for the rebooked flights and additional accommodation. - read more
Fee Models Emerge as Solution to Cyclone Insurance Affordability Concerns Fee Models Emerge as Solution to Cyclone Insurance Affordability Concerns
25 Jul 2025: Paige Estritori

The affordability of cyclone insurance in Australia’s high-risk zones remains a pressing issue, prompting some brokers to shift towards fee-based models. This change is highlighted in the latest annual review of the cyclone reinsurance pool from the Australian Competition and Consumer Commission (ACCC). - read more
Homeowner's Storm Damage Claim Denied; Faulty Construction Cited Homeowner's Storm Damage Claim Denied; Faulty Construction Cited
24 Jul 2025: Paige Estritori

A homeowner's attempt to secure a storm damage insurance payout has been thwarted after an investigation revealed that the damage was due to poor maintenance and faulty construction, rather than extreme weather conditions. The initial claim attributed the damage on the property's western wall and roof eaves to significant rainfall, citing a substantial 141mm in July, with a notable record of 43.6mm in a single day. - read more
NSW Workers’ Compensation Scheme Faces Major Overhaul Amid Underinsurance Issues NSW Workers’ Compensation Scheme Faces Major Overhaul Amid Underinsurance Issues
23 Jul 2025: Paige Estritori

The New South Wales State Insurance Regulatory Authority (SIRA) has identified critical issues of underinsurance and employer non-compliance within the icare workers’ compensation scheme. A recent review highlighted that over $60 million in premiums were not collected due to missing wage declarations, with about 75% of employers audited showing non-compliance responsible for an additional $24.5 million in unpaid premiums. - read more
Insurer Prevails in Vehicle Value Dispute Insurer Prevails in Vehicle Value Dispute
23 Jul 2025: Paige Estritori

In a recent ruling by the Australian Financial Complaints Authority (AFCA), a protest from a car owner against her insurer, RAC Insurance, regarding the reduction of her vehicle's agreed value has been dismissed. The case arose after the complainant made a total loss claim following an accident in October, only to discover that her vehicle's value had been adjusted down to $29,700 from a previous total of $40,000. - read more
Microsoft Under Fire After Major SharePoint Security Breach Microsoft Under Fire After Major SharePoint Security Breach
22 Jul 2025: Paige Estritori

Microsoft is grappling with an alarming security breach affecting its SharePoint collaboration software, impacting organisations and government entities globally. The Cybersecurity and Infrastructure Security Agency (CISA) recently unveiled the vulnerability, warning that it permits unauthorised access to systems and complete access to SharePoint content, enabling malicious actors to execute code across networks. - read more
Insurers Urged to Ensure Fairness Before Stopping Payouts Insurers Urged to Ensure Fairness Before Stopping Payouts
22 Jul 2025: Paige Estritori

The Australian Financial Complaints Authority (AFCA) has highlighted the importance of procedural fairness in a ruling against TAL, a major life insurer. The directive stresses that insurers must allow customers an opportunity to respond before ceasing their benefits. This ruling came after TAL halted payments under an income protection policy from May 2023 to February 2024, issuing a procedural fairness letter only in June last year, months after payments ceased. - read more
Tasmanian Liberals Propose State-Backed Insurance Amid Criticism Tasmanian Liberals Propose State-Backed Insurance Amid Criticism
21 Jul 2025: Paige Estritori

The Tasmanian Liberal Party, under Premier Jeremy Rockliff, is advocating for a state-backed general insurer—TasInsure—should they win the upcoming state election on July 19. This initiative aims to mitigate rising insurance premiums allegedly caused by the national market's failures. However, the plan has been met with strong opposition from private insurers and critics who question its viability. - read more
AFCA Sides with Policyholder in Storm Damage Dispute AFCA Sides with Policyholder in Storm Damage Dispute
18 Jul 2025: Paige Estritori

A recent ruling by the Australian Financial Complaints Authority (AFCA) has favoured a policyholder in a dispute with insurer Auto & General over storm damage. The case involved a collapsed ceiling, initially attributed to a storm by the insurer before an about-face led them to deny the claim. The AFCA decision marks a significant instance where consumer protection mechanisms have countered an insurer's attempt to deny coverage. - read more
Transforming Home Insurance: The Rise of the Home Energy Revolution Transforming Home Insurance: The Rise of the Home Energy Revolution
17 Jul 2025: Paige Estritori

The landscape of home insurance policies in Australia stands on the brink of transformation as an increasing number of homes, apartment complexes, and small businesses are projected to integrate solar panels and battery systems by 2050. According to a report from the actuarial consultancy Finity, these homes will evolve into independent power stations, generating and storing their own electricity, marking a pivotal shift in home energy management. - read more

Farm Insurance Articles

Customized Insurance Solutions: The Advantage of Specialized Farm Brokers Customized Insurance Solutions: The Advantage of Specialized Farm Brokers
Farming in Australia is more than just a way of life; it is a critical sector that supports the nation’s economy and food supply. However, managing a farm comes with its own set of unique risks. From natural disasters to equipment failures, farmers face numerous challenges that can impact their livelihood. - read more
Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers
Australian farmers face an array of natural disasters that can threaten livelihoods and disrupt the delicate balance of agricultural ecosystems. From devastating bushfires and droughts to powerful storms and floods, these catastrophic events pose serious risks to the farming community. Understanding and preparing for these forces is not just about survival; it's about building a sustainable future for farms across the continent. - read more
Understanding Farm Equipment Insurance: A Breakdown for Australian Farmers Understanding Farm Equipment Insurance: A Breakdown for Australian Farmers
In the dynamic world of Australian agriculture, farm equipment plays a crucial role in the day-to-day operations of farms. From tractors to harvesters, having the right machinery means managing your farm more efficiently. However, the high value of this equipment makes it essential to protect it adequately through insurance. - read more
Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future
Agroforestry is a transformative approach to land management that integrates trees into agricultural landscapes. In Australia, where farmers contend with variable climates and environmental challenges, agroforestry offers a resilient pathway to productivity and sustainability. - read more
A Farmer's Guide to Essential Farm Insurance Terminology A Farmer's Guide to Essential Farm Insurance Terminology
Farming is a vital industry in Australia, requiring significant investment in equipment, crops, livestock, and labour. As with any major investment, protecting it is crucial. That's where farm insurance comes in. - read more
The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs
As the backbone of Australian agriculture, farm equipment plays an essential role in day-to-day operations across our expansive and diverse landscapes. From the vast wheat belts to the tropical fruit farms, machinery ensures efficiency and productivity in the face of constant challenges. But with reliance on such equipment comes significant risk—the financial burden of damage or loss can be devastating to a farmer's livelihood. - read more
5 Essential Farm Insurance Policies Every Australian Farmer Needs 5 Essential Farm Insurance Policies Every Australian Farmer Needs
Farming in Australia is not just a job, it's a way of life. However, it’s also a livelihood that comes with its own unique set of risks. From unexpected weather events to machinery breakdowns, the life of an Australian farmer is fraught with uncertainties. - read more
Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance Protecting Your Herd: The Aussie Farmer's Guide to Livestock Insurance
For Australian farmers, livestock is more than just a vital asset; it's the heartbeat of their livelihood. In a land where the sunburnt plains are as relentless as they are beautiful, protecting your herd isn't just a duty; it's a necessity. That's where livestock insurance comes into play—a shield against the unpredictability of Mother Nature. - read more
The Digital Farmer's Guide to Insuring Your Agribusiness in the Tech Age The Digital Farmer's Guide to Insuring Your Agribusiness in the Tech Age
Welcome to the defining era where technology and agriculture entwine, bringing forth the digital farmer's era. With the evolution of agribusiness in the tech age, comes an array of new tools, opportunities, and risks. As a custodian of the earth and steward of the latest innovations, safeguarding your digital farm is just as crucial as nurturing your crops and livestock. - read more
Tractors, Livestock, and Crops: Tailoring Your Farm Insurance to Fit Your Needs Tractors, Livestock, and Crops: Tailoring Your Farm Insurance to Fit Your Needs
Welcome to the world of farming, where the fruits of your labor are as tangible as the soil you till. But just as the land is subject to the whims of nature, so too is the business of agriculture. This is where farm insurance becomes essential. Farmers face a set of challenges and uncertainties unlike any other industry, primarily due to the unpredictable forces of weather. - read more
How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance How to Protect Your Harvest: Tips for Choosing the Right Crop Insurance
Farming, at its core, is an enterprise fraught with uncertainty. Weather calamities, pests, diseases, and fluctuating market conditions can all impact the output and quality of produce. This is where crop insurance proves its worth, serving as a safety net for farmers against the myriad risks they face each season. - read more
Risk Management and Insurance Options for Farmers Risk Management and Insurance Options for Farmers
Risk management is the practice of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. In farming, risk management involves various strategies to protect the financial health and operational stability of the farm. - read more
Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future Agroforestry Insurance Guide: Protecting Your Investment in Australia's Sustainable Future
Agroforestry is a transformative approach to land management that integrates trees into agricultural landscapes. In Australia, where farmers contend with variable climates and environmental challenges, agroforestry offers a resilient pathway to productivity and sustainability. - read more
Insurance for Hobby Farms: Finding the Right Coverage Insurance for Hobby Farms: Finding the Right Coverage
Hobby farming has become increasingly popular in Australia, with many individuals and families embracing the joys of growing their own produce, raising livestock, and enjoying a rural lifestyle. Whether it's a small vegetable garden, a few chickens, or a larger mixed farming operation, hobby farms offer both relaxation and a connection to nature. - read more
A Farmer's Guide to Essential Farm Insurance Terminology A Farmer's Guide to Essential Farm Insurance Terminology
Farming is a vital industry in Australia, requiring significant investment in equipment, crops, livestock, and labour. As with any major investment, protecting it is crucial. That's where farm insurance comes in. - read more
The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs The Modern Farmer's Checklist for Assessing Farm Equipment Insurance Needs
As the backbone of Australian agriculture, farm equipment plays an essential role in day-to-day operations across our expansive and diverse landscapes. From the vast wheat belts to the tropical fruit farms, machinery ensures efficiency and productivity in the face of constant challenges. But with reliance on such equipment comes significant risk—the financial burden of damage or loss can be devastating to a farmer's livelihood. - read more
From Droughts to Floods: Understanding Weather-Related Coverage in Farm Insurance From Droughts to Floods: Understanding Weather-Related Coverage in Farm Insurance
Australian farmers face a unique set of challenges due to the vast and varied climate conditions that sweep across the continent. From the scorching heat and prolonged droughts of the Outback to the tropical storms and torrential rains of the northern regions, weather-related risks are an integral part of agricultural life in Australia. - read more
Future-Proofing the Farm: What Every Tech-Savvy Australian Farmer Needs to Know About Insurance Future-Proofing the Farm: What Every Tech-Savvy Australian Farmer Needs to Know About Insurance
Welcome to the first steps in future-proofing your farming legacy. When we think about the hustle and bustle of daily farm life, it's easy to overlook the critical importance of estate planning. For the Australian farmer, estate planning is not just a matter of securing your assets; it's about ensuring the survival and progression of your hard-earned labour to the next generation. - read more
Farm Liability Insurance Costs vs. Benefits: Is It Worth It? Farm Liability Insurance Costs vs. Benefits: Is It Worth It?
Farm liability insurance is a type of coverage that protects farmers from financial losses due to legal claims and lawsuits. This insurance is crucial for safeguarding your farm against various liabilities that may arise from farm operations. - read more
Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers Building Resilience Against Natural Disasters: Practical Steps for Aussie Farmers
Australian farmers face an array of natural disasters that can threaten livelihoods and disrupt the delicate balance of agricultural ecosystems. From devastating bushfires and droughts to powerful storms and floods, these catastrophic events pose serious risks to the farming community. Understanding and preparing for these forces is not just about survival; it's about building a sustainable future for farms across the continent. - read more

Knowledgebase
Elimination Period:
The time period between an injury and the receipt of benefit payments from an insurer, particularly in disability insurance.