Farmers are often exposed to risks that a normal insurance policy would not cover. To provide peace of mind many companies have developed Insurance policies that are specific to the needs of farm owners. These are generally referred to as a Farm Pack.

Farm Packs differ from the normal Business or personal insurances in the types of cover provided under the policy. A farm pack still retains cover for items such as Structures on the property, Money cover, Transit cover and Machinery Breakdown. However it also provides cover for additional areas such as Livestock and Farm Liabilities.

A brief outline of each section can be found below:

Farm Property:

This section provides cover for a number of different Items. The physical structures on the property and there contents are covered for accident loss or damage. The farm machinery is covered for damage from defined events such as Storm, Earthquake, explosion Fire and Impact.

The Livestock on the farm are also covered for accidental death for defined events including Electrocution, Impact by Vehicle, Labor or Public Disturbance. Cover can also be obtained for the accidental death of working dogs at the property. Harvested Crops that you have grown or purchased can also be covered for accidental damage as a result of Fire, Explosion Impact by Vehicle etc.

Farm Interruption:

Loss of Income as a result of an interruption on your farm can also be protected. The interruption must have occurred to one of the items considered property above. This also covers loss of Agistment Income and Shearing Delays

Money:

Loss of Money from a locked safe or strongroom or money in transit to a bank or saleyard.

General & Products Liability:

This section provides cover for Loss or damage of tangible property, Loss of use of Tangible property or Personal Injury. The exclusions that apply to this section of the policy differ greatly from a standard Liability Product. They include Liability from Genetically Modified Organisms, Pollution (such as chemicals) and Burning off.

Cover can also be offered under the Liability section for Holiday farms, aerial spraying and aircraft landing areas.

Machinery Breakdown:

 Cover for the accidental breakdown of machinery located at the site including the explosion, sudden collapse or breakdown of Boilers and there valves. This section also includes spoilage of Farm produce that is refrigerated on site and spoils as a result of refrigerant leak or contamination.

Electronic Equipment:

The loss of electronic equipment due to breakdown including the loss of data is covered under this section of the policy. Portable electronic equipment can also be covered.

Transit:

In this section cover is provided for the transportation of Livestock including loading and unloading and will pay a benefit for accidental death. The transportation of machinery  farm produce (not livestock) can also be covered.

Livestock:

Cover is provided for the death of livestock due to Illness or accidental injury. This section also covers death due to humane reasons. If livestock becomes infertile cover is also available under this section.

Personal Property, Vehicles, Home & Contents and Boats can also be insured under a Farm Pack.

Limitations and Exclusions apply to varies sections of the policy. Contact PIG for further information.