Agribusiness Insurance

Today's agribusinesses are facing pressures such as workforce shortages, volatile markets, liability, and natural disasters, including floods, drought, and climate change. It's crucial to ensure your business is protected.

The right insurance coverage can protect your business, your livelihood, and even your ability to recover from a loss if no other option is available. And this is where we come in. We can help bridge the gap between your farming operations and insurance requirements. With experienced local agents, we have the knowledge needed to find competitive and affordable agribusiness insurance solutions for you.

Our full-service insurance agency provides custom packages to match your specific needs so you can focus on the profitability of your business.

What Is Agriculture Business Insurance?

The agriculture industry is a diverse business community, but the common factor is a risk.

Agriculture business insurance is designed to protect agribusinesses (farmers, ranchers, food and fiber processors, wineries, and other agricultural producers) from risks that could potentially threaten their finances or even put them out of business. Policies vary depending on the type of business insured, but most cover a broad range of risks including property damage and liability,

Agribusinesses rely on these protections to reduce their loss exposure and help ensure they can continue to provide their customers with the best products possible.

<b>Coverage and insurance options include:</b>

Coverage and insurance options include:

  • Produce & Vegetable Processors

  • Nut Processors

  • Food Manufacturing & Distributing

  • Feed Manufacturing & Dealers

  • Fertilizer Dealers

  • Grain Storage

  • Flour Milling

  • Livestock Feed & Auction Yards

  • Grain Elevators

  • Agritainment

Why Agribusiness Insurance Is Important?

Agribusiness insurance not only protects the financial assets of agribusinesses but also helps maintain the viability of the industry as a whole.

A typical agribusiness insurance policy includes coverage crop (producers agriculture insurance), tools, machinery, livestock, equipment, grain, fertilizers, chemicals, and the overall business.

When it comes to your business and your bottom line, you can't afford to gamble. This insurance can stand between you and potential disaster in your business, should the unthinkable occur. Whether you are running one farm or part of a large multisite operation, we can design an insurance policy that covers your farming and business needs.

Your Trusted Choice for Agribusiness Insurance

As an agribusiness owner, you need protection from risks that can harm your business and result in huge expenses. The right insurance can help protect you from major financial losses, keep unexpected costs down and ensure your business stays profitable.

Whether your business is more traditional or an entrepreneurial success story, there are various insurance needs to consider. That is where the expert staff at Basi Insurance steps in.

We've cultivated a network of business and agricultural insurance carriers throughout California. You can trust we have the experience, development, and expertise to work with some of the most creative minds in agriculture to offer customized coverage plans suited to your business model and assets.

Contact us today for more information.

Frequently Asked Questions:

What Is an Agribusiness?

Agribusinesses include organizations and institutions involved in agriculture. It comprises activities such as the production, purchase, and processing of agricultural inputs and outputs. This can be as simple as a farmer producing milk and cheese or a commercial feedlot operation processing corn into cattle chow for meat production.

In other words, agribusiness encompasses everything that involves growing or raising food.

Why Would an Agribusiness Owner Want Insurance?

There's no doubt that there are some risks that you have no control over. But as an agribusiness owner, you can control whether or not to buy insurance for your farm, ranch, or business.

Different aspects of your business need coverage. This may range from personal and business liability to crop, livestock, and equipment coverage, among others. Whatever the case might be, insurance is important to cover all those risks and minimize losses so the business is protected.

What Kinds of Insurance Do Agribusinesses Need?

There's no one-size-fits-all approach to the risks that agribusinesses face. The policies may vary depending on what is being insured, but in general, they cover a wide range of potential losses that can affect your farming operation and its profits. These include:

  • Property: Property covers physical assets such as crops and farmland, structures like barns and storage facilities, and fixed assets such as machinery.
  • Liability: Liability covers claims for bodily injury or property damage caused by your company.
  • Business Interruption: Business interruption covers income losses when your business cannot operate because of factors such as fire, storms, or other natural disasters.
  • Agricultural Group Risk: Agricultural group risk covers large commercial farms against loss from multiple perils such as hail, fire, storms, or other natural disasters with losses exceeding the deductible on individual policies.