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FARM

What is Farm insurance?

 

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.

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Who should consider it?

Whether you’re a large-scale crop grower or livestock producer or a small family or hobby farm, farm insurance can help protect your farm, its produce and livestock – and the people who benefit from it.

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➤ in fact

“The total value of principal Australian agricultural commodities (crops, livestock and livestock products) produced in Australia in 2016-17 was $39,671 million.”

Australian Bureau of Statistics, 2018

 

Did you know?

$60b

17,400

2017


$60 billion – Australian Farm income passed $60 billion for the first time in 2016/17.

(National Agriculture Day, Food, Fibre & Forestry Facts, 2018)


In NSW alone, theft of cattle and sheep between January and October in 2017 cost farmers $2.8m and $1.4m respectively.

(The Land, ‘Thefts costs farmers millions,’ 2018)


In 2009–10, 17,400 agricultural workers become ill or were injured through work.

(Safe Work Australia, Work- related deaths and injuries on Australian Farms, 2013)

 

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 farm insurance pack can cover:

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Important note

This information is provided to assist you in understanding some of the terms, implications and common considerations of Farm Insurance, it is not complete, so please request full details from your Steadfast insurance broker. You should consider the Product Disclosure Statement (PDS) in deciding whether to buy (or continue to hold) this insurance and also whether this insurance is appropriate for you. The PDS can be obtained from Sky Financial Group. Deductibles, exclusions and limits apply. Farm Insurance is issued by various insurers.

Sky Financial Group is an Authorised Representative of Fay Baker 79619240801 - 336757