As farm production grows, the need for insurance products and services tailored to this segment of the market continues to expand. Americans have come to expect an abundant, safe, and affordable supply of farm products, so the need to protect the assets of farmers and ranchers will likely advance as well.

This course provides a thorough orientation to the identification and management of risks in the farm and agribusiness industries and the primary insurance products that may be used to address those risks. It covers the types of individuals, businesses, and organizations that may have farm exposures and the types of policies currently used to insure the various losses that could occur. The course examines the coverages offered under standard farm insurance policies for property, liability, and auto loss exposures, as well as the limitations of those policies and how they are underwritten.

Upon completion of this course, students will be able to: 

• identify loss exposures related to farming, ranching, and other agribusiness operations
• recognize the various coverages included in a standard farm package policy
• recognize farm property loss exposures and how coverage is provided under the property section of a farm policy
• identify the various liability loss exposures of a farm operation
• identify an appropriate selection of liability insurance policies to guide clients; identify the coverage provided under a farm liability policy
• identify the types of vehicles present in farm operations and the various policies that may provide coverage
• recognize the coverage provided under a business auto policy (BAP) and how it is underwritten
• identify the need for an insured to have an umbrella liability policy