Orchard Insurance
Do you own a vineyard, fruit farm or orchard? Then orchard insurance is for you. ALIGNED can help you custom build an orchard insurance policy that meets your needs and budget.
Coverage 101 | Orchard insurance explained
The following coverage types may be available to orchard owners:
- Commercial general liability insurance: Commercial general liability coverage is designed to protect your orchard against claims of third party bodily injury, property damage, and more. With this type of coverage, your insurer may compensate you for the cost of injury or damages to a third party, as well as the cost of a lawsuit (e.g. defence and court fees), etc.
- Product liability insurance: If your orchard sells products (including food and beverages) to customers, product liability insurance is important. With this type of coverage, you might be protected in the event that an item you sell causes sickness, triggers an allergic reaction, injures a customer or damages their property.
- Commercial property insurance: Commercial property insurance protects your orchard and its business-related contents from damage caused by insured perils like water damage, fire, theft, windstorms, vandalism, etc.
- Business interruption insurance: Business interruption insurance can be added to the commercial property insurance portion of your policy, and it can protect your orchard against lost income if it is forced to close due to damage caused by a covered peril.
- Commercial auto insurance: Commercial auto insurance might be worthwhile if your orchard uses vehicles for business purposes, such as to deliver products to customers or transport goods between your orchard and other retailers. Commercial auto insurance coverage could include third party liability coverage, comprehensive coverage, uninsured automobile coverage, accident benefits coverage, collision coverage, etc.
- Cyber liability insurance: Cyber attacks are becoming all too common, which is what makes cyber liability insurance so important for all businesses, including orchards. This type of insurance can help cover the cost of a hack, cyber attack, or data breach, such as credit monitoring, crisis control, client notification, and more.
- Equipment breakdown insurance: If a piece of equipment at your orchard suffers an internal failure, like a mechanical or electrical breakdown, equipment breakdown insurance can help cover the cost of repairing or replacing it. It might also help replace any business income lost from the breakdown.
Does the coverage depend on the field’s acres?
The size of your orchard is one factor that will likely come into play when an insurance provider calculates your premium. However, the acreage of your orchard is just one of many factors they will consider. For example, your claims history, the location of your orchard, the years it has been in business, the number of workers it employs, and the coverage and deductibles you choose, among other factors, can also impact the cost of orchard insurance.
Can I purchase orchard insurance from a broker?
Yes! In fact, ALIGNED Insurance can help you find a fantastic policy for your orchard or vineyard. Simply give us a call, explain your coverage needs, and one of our expert brokers will get to work comparing policies to find you comprehensive coverage at an affordable rate.
ALIGN your orchard or vineyard with the quality commercial insurance
If you are ready to protect your orchard or vineyard, contact ALIGNED today. Our team of licensed brokers can help you find a policy that meets your business’s needs and budget. Plus, we will take care of everything from start to finish, from reaching out to insurance companies and obtaining quotes to comparing policies and presenting you with multiple options. Get in touch with ALIGNED to learn more about orchard insurance or click here for a free quote.
