AgriSure…customized insurance programs for America’s farmers.
Farming is unpredictable and risky. Whether you operate a small, family-owned farm or oversee an expansive operation, choosing the right protection against an increasing variety of perils is one of the most important decisions you will make.
Bowers exclusive AgriSure program is designed to provide farmers with customized insurance programs that offer flexibility, customer service, and prompt, accurate claims adjustment. What type of farms does Bowers cover?
- Equine and Alpaca Operations
- Small to mid-sized Hog Confinements
- Dairy Farms
- Cattle Farms
- Vegetable, Fruit and Nut Operations
- Grain and Field Crop Farms
- Hay Operations
- Hobby Farms
AgriSure specialists can develop customized coverage for dwellings, farm buildings, machinery, vehicles, livestock, hay as well as liability.
The AgriSure program from Bowers is fast becoming one of America’s most respected and innovative agribusiness insurance programs. This is due, in large part, to our staff of professionals who understand the unique risks that today’s farmer must face on an almost daily basis.
AgriSure: Fast Facts
- A farm policy is one of the most complex policies our personal lines department will assemble. It requires the most extensive interview with the insured, an inspection of the property, and our review of the farmer’s inventory and the farmer’s potential loss of income.
- A farm policy is basically a homeowner’s policy with business insurance attached. Therefore, all of the questions associated with a home policy, plus those questions relating to a for-profit operation must be asked.
- A comprehensive inventory of all of the farm’s equipment, including its values, must be established. This list will establish a limit of insurance and the actual cash value of the equipment.
- A rebuild estimate will be calculated on each of the farm’s outbuildings. A value for full replacement cost, functional value, or actual cash value will be established. The insured can determine which of these values meets his needs, and insurance budget.
- If a building insurance limit is too low compared to its actual value, then a policyholder will be subject to what is called a coinsurance penalty. Simply put, it gives the insurance company the right to pay less of your claim if you do not insure your building to the value they specify. Most insureds are not aware of this very important clause in their policy.
- The potential for loss of income and extra expense will be established. An insurance proposal for loss of income and extra expense is offered. For example, a dairy farmer, who loses his milking parlor and/or barn will not only suffer a loss of income, but also an extra expense to rent equipment. This is insurable!
- Liability needs are identified and assessed. In today’s economy, many farms have turned to supplementing their farm’s income by branching out into other endeavors. For example: repairing machinery, custom farming, and sale of fertilizer or seed are not automatically covered by a farm policy, but are beginning to be a mainstay on many of today’s farms.
- Many farms have utilized pastureland and buildings in horse boarding operations. There are many liability issues related to this type of operation, and very little, if any, coverage comes from a typical farm policy. Horse boarding operations are a specialty product we offer.
An alpaca farmer himself (along with his wife who operates an equine center), Bowers Group President Ben Bowers understands the amount of hard work it takes to maintain an agricultural-based business…Ben also knows the best insurance programs available to protect that business.
The Bowers Group…Real Solutions for the Real World.