The right protection for your livestock is necessary to avoid major financial ruin or worse. If you use your farm to provide for your family, then you'll need the proper coverage. Mississippi business insurance can cover many things, including livestock mortality.

A Mississippi independent insurance agent will help you find a policy that suits your needs and budget. Since they have a network of carriers, you'll get the best deals in town. Connect with a local adviser to get started in minutes. 

What Does Livestock Insurance Cover in Mississippi?

First, you'll need to understand what's covered under your livestock policy. Your Mississippi livestock insurance will provide coverage for numerous losses to your animals that could involve mortality.

What your livestock insurance generally covers:

• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under separate policies.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.
• Collision or other death while transporting: This is in-transit coverage for your livestock.

What Doesn't Livestock Insurance Cover in Mississippi?

Every livestock and farm policy will come with a list of exclusions. Your insurance coverage in Mississippi will not be all-encompassing, and there are things you'll have to account for supplementing or paying out-of-pocket.

You will have to add these livestock mortality coverages in addition to your primary policy:

• Accidental shooting
• Drowning
• Attack by wild animals
• The collapse of a building on livestock

Some losses are just not covered by most carriers. If your livestock dies due to old age, natural causes, or disease, insurance usually won't foot the bill.

How Much Livestock Is Covered under Your Mississippi Insurance?

If your herd is exposed to a disease or involved in an accident, a costly loss can occur fast. In Mississippi, your livestock policy will apply as individual, blanket, or herd-specific coverage. Check out the three ways to cover your animals:

• Individual coverage: This insurance usually covers higher-value animals on an individual basis. The animals are listed on the policy and covered for a specific dollar amount.
• Blanket coverage: This type of policy allows you to insure all your farm property for a predetermined value. It includes structures, equipment, tools, and livestock.
• Herd coverage: This is the simplest and most prevalent type of insurance for livestock. This coverage allows you to insure a specific number of animals.

Export volume of beef and veal worldwide in recent years, by country (in 1,000 metric tons)

Your livestock can be a hot commodity, depending on what you do with it. This makes it all the more vital to have adequate protection. 

How Much Is Livestock Mortality Insurance in Mississippi?

In Mississippi, $3,120,632,000 in commercial insurance claims were paid in 2019 alone. If your operation depends on your livestock to make a profit, then paying for coverage is necessary.

Total US farm income from livestock and products (in 1,000 US dollars)

Carriers look at several risk factors when determining your livestock mortality insurance costs. Some premium deciding factors are as follows:

• What is your livestock worth?
• How is the health of your livestock?
• How is your livestock managed and maintained?
• Have you reported any prior claims on your herd?

How Disasters Are Covered under Your Farm Insurance in Mississippi

In addition to your livestock policy, your farm will need to be covered for disasters. If a catastrophe impacts your herd, your livestock policy will cover the claim. Your other farm insurance policies will protect the rest of your operation.

Check out the different coverage options you'll have:

• General liability insurance: This is your primary policy and will pay for a lawsuit arising from bodily injury, property damage, or slander. 
• Commercial umbrella insurance: This liability coverage will go above and beyond your underlying policies and extend protection starting at $1,000,000.
• Product liability insurance: If you sell products such as cattle or meat, this coverage will help protect you from a lawsuit arising from a loss involving your sold product to the client. 
• Property and equipment insurance: This will pay to replace or repair your farm structures or equipment you own in the event of a disaster or loss. 

How a Mississippi Independent Insurance Agent Can Help

When you run a farm, there are several moving parts you'll have to take into account. While you can't predict the future, you can prepare for it. The right livestock policy can cover mortality, so you don't have to pay for the expense. 

Fortunately, a Mississippi independent insurance agent can help quote your coverage through a network of carriers. They'll even do the shopping for free so that you can save time. Connect with a local expert on TrustedChoice.com for custom quotes today.