Mississippi has 257,404 small businesses that are in existence. When you run an operation, there are several risk factors you'll have to take into account. Fortunately, Mississippi business insurance will provide farm coverage. 

A Mississippi independent insurance agent can help you find a policy that fits your budget and needs. Since they do the shopping at no additional cost, you'll save time and money. Connect with a local expert for custom quotes today.

What Does Farm Insurance Cover in Mississippi?

Your Mississippi farm insurance will come in many forms. It will all boil down to what your farm offers and what needs protecting. Property damage and liability claims will be covered under various types of insurance. 

What your farm insurance generally covers:

• Liability: A general liability policy will provide bodily injury and property damage coverage.
• Commercial property: This policy covers your farm structures, pole barns, and can even insure your equipment.
• Accidents: This can be anything from coverage for electrocution, fire, and smoke, to loading and unloading of livestock.
• Natural disasters: Volcanic eruptions and sinkholes are covered. Typically floods and earthquakes are covered under a separate policy.
• Weather events: Lightning, wind, hail, tornadoes, and more.
• Crimes and civil unrest: This is for theft and vandalism of livestock.

Volume of insured acres of farmland in the US from 2016 to 2019, by crop

When you own and operate a farm in Mississippi, you're not alone. Proper coverage for your farm starts with knowing what's not covered as well.

What Doesn't Farm Insurance Cover in Mississippi?

Mississippi farm insurance will cover many exposures, but some will be excluded or added separately. It's vital to understand what your insurance might not cover.

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
• Flooding

What your farm insurance will exclude:

• Old age
• Death by natural causes
• Disease

How Much Livestock Is Covered under Farm Insurance in Mississippi?

Numerous diseases could strike your livestock, eating away your profits and livelihood. Carriers may offer a more comprehensive animal mortality policy that will help pay for livestock disease or mortality. Check out three ways to cover your livestock:

• Individual coverage: This insurance usually covers higher-value animals on an individual basis. The animals are listed on the policy according to some identifying marker or description, such as an ear tag, 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.

Total US farm income from livestock and products from 2001 to 2020 (in thousand US dollars)

Income that comes with owning livestock can help your farm stay afloat. If you own animals that help pay the bills, then you'll want to have proper protection.

Common Risks on a Mississippi Farm 

To be a thriving Mississippi farm, you'll have to understand what your risks are. It's essential to know how your coverage works and what's expected in the industry.

Your independent insurance agent will need to know the following to get started:

• 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 the replacement cost if something happened to them.
• Whether you have crops: If your farm deals with planting and producing crops, you'll need separate crop insurance.
• Other structures and buildings: If you have a home, pole barns, and more on your property, you'll need coverage for the buildings themselves.
• What preemptive protection you have in place: Carriers will want to know how you are proactive and accounting for the risk of predators by having fencing and more. 

Your Mississippi farm policy will come standard with protection against fire, theft, vandalism, storm damage, and flooding. You'll need to review your coverage to make sure you have all the appropriate policies in place. 

Additional Coverage for Your Farm Policy in Mississippi

Your farm will come with specific coverage limits and options that are tailored to your operation. Take a look at some additional coverage options for your farm in Mississippi that you may want to consider:

• 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 any farm policy that uses equipment, tractors, and more for tending to their farm.
• Extended liability limits: You can increase your underlying liability limits for added coverage.

How a Mississippi Independent Insurance Agent Can Help

When you own a farm in Mississippi, there is a lot of responsibility that comes with it. From property to liability coverage, your farm will need the necessary protection from all that could go wrong. Fortunately, you won't have to find policies on your own. 

A Mississippi independent insurance agent will help you review your coverages for free so that you're fully protected. They quote your risk with multiple carriers, giving you options on policy and price. Get connected with a local expert on TrustedChoice.com to start saving today.