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Are you still searching for reliable Farm Insurance? If your busy schedule prevents you from exploring ways to locate an insurance company specialising in farm and other machinery insurance products, then take time to read these shared ideas.

1. What insurance do farms need?

Farmers are at high risk of having their crops and livestock destroyed by natural disasters and other accidents. Farm insurance is a type of insurance that protects the farm against damage and losses.

  • Public liability insurance is mandatory. If an accident ever happens to another person or property, you have the right protection in place.

In addition to the insurances covered in the farm package, there are several other insurances specifically for agribusiness farmers to consider:

  • Farm motor and machinery insurance: covers the financial loss associated with damage, theft, or breakdown of farm machinery and vehicles used in farming operations (tractors, combines, harvesters, plows, cultivators, and other farm machinery…). In the event of an accident or damage, it can help cover the cost of repairs or replacement of the damaged equipment. When it comes to this insurance, farmers can make several choices. For example, it’s possible to take out comprehensive or third-party liability insurance. Fire and theft coverage is another option.
  • Crop Insurance: protects your crop from natural disasters such as hail, drought, flood, or fire. It is usually only available as a specialised type of insurance.
  • Farm property: This type of insurance covers physical loss or damage to farm property caused by defined events or accidental damage.
  • Livestock: covers death or loss of livestock due to specified events.
  • Workers’ Compensation: Covers the cost of your employee’s wages, rehabilitation, and medication if they become injured or sick through their work.

plant machinery equipment insurance

2. How to find the best farm insurance?

Choosing a reliable insurance provider for your farm and machinery can be a daunting task. To make sure you’re getting the best coverage and protection for your investment, consider these tips:

  • Research and compare: Do your research and compare the insurance providers available to you. Look at their coverage, pricing, and customer reviews to see if they are a good fit for your needs.
  • Choose a specialist: Look for an insurance provider that specializes in farm and machinery insurance. They will have a better understanding of the risks associated with your industry and can offer more tailored coverage.
  • Check their financial stability: Make sure the insurance provider you choose has a strong financial standing. You can check their financial ratings from independent rating agencies like AM Best or Standard and Poors.
  • Review their claims process: Check the claims process of the insurance provider you’re considering. Make sure it is straightforward and efficient, and that they have a good reputation for paying out claims fairly and quickly.
  • Seek recommendations: Ask other farmers or industry experts for recommendations on insurance providers. Word-of-mouth referrals can be a great way to find a reliable provider.
  • Consider a licensed broker: If you’re still unsure which provider to choose, consider working with a licensed insurance broker. They can help you navigate the market and find the best coverage for your needs.


Truck Insurance HQ is a team of brokers that will do all the product checking and provide you with obligation-free quotes while making sure that you understand the insurance products that you are considering for your reliable farm machinery insurance. Call us today on 1300 815 344 or click on the button below to request a quote.

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