BONDY INSURANCE
Leader in Insurance since 1963

The business of insurance is the business of transferring risk. The amount and type of insurance you need is largely based on your attitude towards risk and your financial strength to cover the loss. The more risk of financial loss you transfer to the insurance company, the higher your premium will be. Recent events like floods and ice storms have shown that the farm businesses are never covered for every eventuality. While major natural disasters may trigger government programs and charitable donations, recovering from events that only affect your businesses is likely to depend upon you and your insurance company.
This Factsheet outlines the types of insurance available and provides a guide to help you work with your insurance agent, broker or company to determine whether you have the necessary insurance to protect your business. This Factsheet is only useful if you use it to review your coverage before you need it. Reading your policy after an unfortunate event has occurred will confirm the coverage you have - but it will be too late to make changes.
Insuring the physical assets the business owns and uses, and insuring the people whom own, manage and work on the farm business, is discussed here. Both aspects are equally important.
Finally, this Factsheet is intended to be a guide that will allow you to ask your insurance agent, broker or company the right questions. Make sure you have confidence in your insurance provider, as you will be relying on that person, and the company they represent, if and when you ever need to trigger your coverage.