Farms have some very unique exposures to loss, which are not normally covered by insurance. For example, the success or failure of the crop and/or livestock, commodity prices, cost of goods, ability or inability of the farmer to perform their duties, perpetuating the business through a good exit strategy, to allow the farmer to retire, without fear that the farm will collapse without them, just to mention a few.
A successful plan requires a complete understanding of the risks that are faced, the coverage provided by the policies and a risk management program. Having the proper policies and procedures in place can mitigate or eliminate uninsured losses. Paramount Insurance specializes in helping farmers manage those risks, by designing an individualized detailed plan.