When you own an equine farm, there are numerous risk exposures. Coverage for your operation can come in many forms depending on your daily tasks. Mississippi business insurance can protect your equine farm from all the what-ifs.

Fortunately, a Mississippi independent insurance agent will help with options on policy and premium through their network of carriers. Since they do the shopping at zero cost, you'll save time. Connect with a local expert for custom quotes today.

What Does Equine Insurance Cover in Mississippi?

In Mississippi, you'll have multiple options when it comes to insuring your equine farm. All operations are unique and have their own risks, which means protection will be different for everybody. There are standard policies that all equine farms will need for adequate coverage.

What your equine insurance generally covers:

• Accidents: This can be anything from coverage for electrocution, fire, or smoke, to loading and unloading of 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.

What Doesn't Equine Insurance Cover in Mississippi?

While it's essential to know what's included under your policies, it's equally important to understand what isn't. Every equine insurance policy will be different, but most exclude the same items.

Coverage that could be added but does not come standard on your policy:

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

What your equine insurance will exclude:

• Old age
• Death by natural causes
• Disease

Equine infectious anemia cases in the US

If one of your horses gets sick, it could take out the entire herd. Protection from disease could save you thousands of dollars of expense when a loss occurs.

Equine vs. Horse Farm Insurance in Mississippi

Every equine farm will have a variety of potential services they offer. You'll want your insurance policies to cover all your main exposures and operations. The primary item you'll need coverage for is the horses themselves. There are three ways to protect your horses and farm equipment:

• Individual horse 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.
• Horse/ 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.

Does Mississippi Equine Insurance Cover Anything Other Than Horses?

Some of your policies will cover the horses, and others will cover liability and property. It's vital to understand how your equine insurance works as a whole. Take a look at some risks that need covering:

Risk factors your agent needs to know:

• Your herd's specifics: You'll need to cover the risks that are specific to your herd. Horses will have different needs from cattle, and so on.
• What your livestock is worth: This is the value you can get in the marketplace for your livestock. You are covering the risk of replacement cost if something happened to them.
• What preemptive protection you have in place: Carriers will want to know how you are proactive. This includes if you are accounting for the risk of predators by having fencing and more. 

Is Equine Insurance Necessary in Mississippi, and Which Coverage Options Can Be Added?

If your farm offers equine services, then you are taking on some serious risk. If you allow riding lessons or the selling and trading of horses, you'll need proper protection. Check out the numbers below:

US farm income from livestock and products (in thousand US dollars)

Take a look at some additional coverage options for your equine farm in Mississippi:

• Commercial umbrella insurance: This policy can be obtained for additional liability coverage above and beyond your underlying limits. 
• Inland marine insurance for farm equipment: This can be added to the policy for a farm that uses equipment, tractors, and more for tending to the farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How to Obtain Equine Insurance in Mississippi

If you have a horse farm in Mississippi, you'll need adequate coverage. Your limits will depend on how your farm operates and the safety measures in place. For proper protection for your assets, consider using a licensed professional. 

Fortunately, a Mississippi independent insurance agent can help review your policies at no additional cost. Since they have a network of carriers, you'll have coverage and premium options that fit your budget. Connect with a local expert on TrustedChoice and start saving today.