Farm Insurance

Farm insurance covers your home and farm buildings, livestock, vehicles, equipment and more.

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.

How you can be protected with farm insurance

The exact cover you can receive depends on the policies that you take out. But to give you an idea, here are some of the benefits a farm insurance policy may include:

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
Accidents 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
Farm motor insurance
Farm motor insurance protects agricultural vehicles against damaged, theft or accident

Do I need farm insurance?

Large-scale crop growers, livestock producers and even small family or hobby farms need farm insurance. Insurance can help protect your farm, its produce and livestock.

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 farm insurance policy can cover:

  • Domestic or farm property from insured events or accidental damage
  • Accidental damage to farm assets from silos and sheds to tractors and utes
  • In some circumstances the value of your crops
  • Personal accidents and sickness, loss of income
  • Third party injury claims and/or property damage
  • Farm motor insurance protects agricultural vehicles against damaged, theft or accident

Case study

Jason owns a wheat farm in western New South Wales. He owns some expensive farming equipment and vehicles. One night, a fire breaks out in one of his sheds, destroying a tractor and a ute.

Jason’s farm insurance covers the repairs to the shed, replaces the damaged contents, and he’s able to claim the cost of replacing both vehicles after the fire.

Tips or other things to know about farm insurance

There are some exclusions to what farm insurance can cover. Our brokers will explain how the policy works, outline any exclusions, excesses, and limits of liability, depending on your insurer and the requirements of your business.

Policies generally won’t include cover for:

  • Loss or damage to property caused by gradual deterioration or wear and tear
  • Flood
  • Loss caused by earth movement unless the earth movement occurs within 72 hours of certain events

Have a question? We can help

How much does it cost to insure a farm?

On average, the policy cost is around 10% of the sum insured, however the cost of farm insurance can vary depending on the size and scale of your operation, length of cover and the number and types of policies you implement.

Our brokers can help compare and explain the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.

NewSure makes understanding farm insurance costs easy. From providing detailed quotes to understanding your business interruption insurance policy document, we provide tailored insurance solutions to protect your business.

What insurance do you need for a farm?

The exact cover you can receive depends on the policy that you take out. But to give you an idea, here are some of the benefits a farm insurance policy may include:

  • Home property
  • Farm property
  • Public and products liability
  • Personal accidents and sickness cover
  • Livestock and crops
  • Machinery breakdown
  • Farm motor insurance
What is a farm insurance policy?

Farm insurance can help protect your farm, its produce, livestock, crops and equipment. Farm motor insurance can protect your vehicles and other policies can cover your workers, your income, and those that benefit from it.

Our brokers can help you understand which policies you need, and find you the best options in the market.

Are farmers insurance rates competitive?

Finding the right farm insurance can be time-consuming. Our brokers have extensive knowledge of the insurance market, which means we can find you the right policies with the right cover at the best possible premium tailored to your unique needs.

What is excluded from farm coverage?

There are some exclusions to what farm insurance can cover.

Policies generally won’t include cover for:

  • Loss or damage to property caused by gradual deterioration or wear and tear
  • Flood
  • Loss caused by earth movement unless the earth movement occurs within 72 hours of certain events

Our brokers will explain how the policy works, outline any exclusions, excesses, and limits of liability, depending on your insurer and the requirements of your business.

Insurers we work with

Allianz insurance quotes – NewSure Insurance Brokers
CGU insurance quotes – NewSure Insurance Brokers
QBE insurance quotes – NewSure Insurance Brokers

GET MORE COVER

Business Insurance

Protection for your business, premises, contents, stock, equipment and reputation.

Motor Vehicle Insurance

Choose from a range of motor vehicle insurance options and find the cover that’s right for you.

Home & Contents Insurance

Home insurance can protect you if your home is damaged from fire, theft and more.

Insurance made radically easier

Call us on 02 4969 8100 or request a call back.

We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.

We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.