Information Sheets

Care, Custody, or Control insurance is an essential coverage endorsement for equine operations involving non-owned horses, including boarding and training operations. Typically, a standard Commercial General Liability policy excludes coverage for personal property in your Care, Custody, or Control (which includes non-owned horses). This coverage endorsement buys back that coverage. If you board, train, breed,…

Farm Employer’s Liability and Farm Employee’s Medical are types of insurance coverage specifically tailored for agricultural businesses. Farm Employer’s Liability Scope of Coverage: Farm Employer’s Liability insurance provides protection for you against legal liabilities arising from injuries sustained by employees while working on the farm. It covers situations where employees may suffer bodily injury due…

Non-owned auto liability refers to a type of insurance coverage that protects a business or individual against liability claims arising from the use of vehicles that are not owned by you or your business but are used for business purposes. This coverage typically extends to vehicles that are leased, rented, or borrowed for business-related activities.…

Replacement Cost (RC) is the valuation method most commonly used in insurance to determine the amount of coverage needed to replace or rebuild a damaged property with a similar one at current market prices, without deducting for depreciation. When your property suffers damage or is destroyed, the insurance company will typically reimburse you for the…

The coinsurance clause is a provision commonly found in farm property insurance policies designed to encourage you to adequately insure your property to its full value. This clause applies when the insured property is underinsured relative to its chosen valuation method of either Replacement Cost or Actual Cash Value. The purpose of the coinsurance clause…

What is Cosmetic Damage?Cosmetic damage refers to damage that affects the appearance of property but does notcompromise its functionality. A common example of cosmetic damage is hail creating dents or scratches on metal roofing or siding. While such damage may be unsightly, if it does not impact the usability, safety, or soundness of the structure,…