Agricultural Contractor Insurance
Agricultural contractor insurance is for professionals who provide agriculture services on contract. Agriculture contractors are individuals or companies that offer specialised services to farmers and farm owners to run agriculture businesses. Their services include land preparation, ploughing, harvesting, crop spraying, silage making, and machinery hiring.
Lifecycle Fire and General can help these contractors to choose the best insurance coverage according to the risk and liabilities associated with their work.
Individuals and organisations providing agricultural services such as preparing land for farming, crop harvesting and silage preparation for crops under a contract should opt for Agricultural contractor insurance. Their employee injury expenses and machinery loss or theft get covered under this insurance.
Lifecycle Fire and General knows the requirements of agriculture contractors and hence offers the best deal according to the client’s needs.
Agriculture industry in New Zealand contributes approximately 5% ($10.6 billion) to the country’s Gross Domestic Product (GDP).
According to WorkSafe statistics, 11 people died in agriculture-related incidents between November 2021 and October 2022. Six of those deaths occurred due to vehicle accidents. These incidents again highlight that agriculture contractor insurance is crucial to protect against loss of life. On the other give priority to contractor and machinery maintenance.
In 2018, the agriculture, fishing, and forestry industries in New Zealand witnessed a reported rate of 190 injuries per 1000 full-time equivalent employees.
According to the government injury information manager, the primary causes of injuries agriculture sector are dealing with large animals, operating machinery, tractors, and farm bikes.
Agriculture contractor insurance offers the following coverages under agricultural contractor insurance policies
- General Liability Insurance: This coverage protects against third-party claims for property damage or bodily injury that may occur during agricultural contracting activities. For example, if a contractor accidentally damages a client’s property or if a visitor gets injured at the contractor’s worksite, general liability insurance can cover the costs associated with legal claims or medical expenses.
- Property Insurance: This coverage protects the contractor’s equipment, machinery, and other assets from risks like theft, fire, or damage. Agricultural contractors often rely on expensive specialised machinery and equipment, so having property insurance helps protect their investment.
- Commercial Vehicle Insurance: Agricultural contractors uses tractors or trucks to transport machinery and equipment. Commercial vehicle insurance protects these vehicles in case of accidents, damage, or theft.
- Pollution Liability Insurance: All claims arising from pollution or environmental damage caused by agricultural contracting activities comes under Pollution Liability Insurance. It includes coverage for accidental spills, improper handling of chemicals, or other pollution-related incidents.
- Crop Insurance: Agriculture contractors involved in crop production and management can consider crop insurance. It offers coverage for crop yield loss, damage due to weather events, pests, diseases, or other covered perils.
- Business Interruption Insurance: Business interruption insurance helps cover the loss of income or additional expenses that arise when a contractor’s operations get interrupted due to an unexpected event. Hence financial protection is given in those events that cause business interruption, like fire, natural disaster, or equipment breakdown.
- We provide these specific coverage options and policy terms according to the contractor’s needs. We understand that agricultural contractor insurance can protect the contractor’s business, assets, and reputation from unexpected events or liability claims. Hence, agriculture contractors should opt for it.
- We suggest Interested individuals consult with our insurance professionals. They can guide you in choosing the most appropriate coverage plan for your needs.
- Workers’ Compensation Insurance: If an agricultural contractor hires workers, giving compensation to workers is crucial. If an employee gets injured while performing his job, the contractor is responsible for bearing his cost. This insurance cover to all such expenses.
- It covers the claims that demand funds while working in the field or other casualties caused by a third person.
- Give insurance coverage to employees who get injured.
- Covers insurance for any damage caused to the plantation, machinery or equipment due to an accident such as a fire break out, riot or burglary.
- Take consultation on legal expenses and get benefits in taxation and debt issues.
Agricultural Contractor insurance plans offer coverage for many things but have certain limitations. Here are the items that are not covered
- Any intentional damage to the property by the insurer or third party.
- Contractor found involved in illegal activities.
- Poor or old machinery in the pre-existing state.
- Normal wear and tear of machinery associated with regular usage and maintenance.
- Damage to machinery and equipment due to war, terrorism, or civil unrest.
- Damage occurs due to employee fraud and dishonesty.
- Damage due to pollution. However, the insurer can review its policy for pollution coverage.
- Liabilities that arise from contractual agreements between the contractor and the client unless explicitly stated in the policy.
Lifecycle Fire and General Advisor can easily streamline your process for agriculture insurance plans. Save your assets to the next level by booking a consultation call with Lifecycle Fire and General for an agriculture contractor insurance plan.