HSB’s Farmowners Coverage Can Help You Grow Your Business
New Technology, Precision Farming Add to Equipment Risks
On today's farms, you might see a tractor or combine drive themselves. The machinery is automated with equipment linked to satellites in the Global Positioning System (GPS). But think about the owner’s expense and lost productivity when the electronic devices that make it possible break down on the farm.
FARMERS NOT COVERED
GPS is one example of how farms, ranches, orchards and vineyards are adapting new technology to precision farming techniques. We also see a trend toward the use of alternative energy and electric power generation. Innovation can bring new exposures, yet most farmowners policies exclude equipment breakdown risks.
Click here for examples of today’s typical farm losses.
HSB CAN FILL THE GAP
HSB works with more than 20 insurers to package affordable equipment breakdown coverage in their farmowners policies. It can pay for equipment repair or replacement, lost business income, perishable goods and related expenses. Equipment breakdown coverage is essential as farmers take advantage of emerging technology.
Global competition has farmers working smarter as well as harder. Computers are "tools" found on virtually every farm, indispensable to record, store and analyze satellite images and current data on crops, soil, weather and other conditions.
SEEDS AND SATELLITES
The information helps farmers plan the most efficient use of water, energy, land and other resources. GPS guided "driverless tractor" navigation automates custom planting and harvesting, and the application of fertilizer and herbicides.
Farmers also manufacture and use green fuels, such as ethanol, bio diesel, wind, solar, and methane. Old whiskey stills have even been converted to produce ethanol. Often, farmers don’t fully understand the technology of these "home made" systems, increasing the risk of equipment breakdown.
HSB COVERS MORE EQUIPMENT
Farmowners equipment breakdown insurance supported by HSB covers most types of farm equipment from pumps, boilers and refrigeration, to generators and electronics. It also can cover the air conditioning or furnace in a farmer’s residence.
WE MAKE IT EASY, AFFORDABLE
Packaging equipment coverage with farm insurers keeps it simple and claims are handled by HSB equipment specialists. Ask your farm carriers if they include HSB’s equipment breakdown coverage, or call us toll-free at 1-800-HSB-1866.