Protecting Your Farm with Smart Insurance Practices!

In the latest episode of the Hay Kings podcast, we dive deep into farm insurance with Nathan Bues and David Cannon of Sloan Levitt Insurance. With their rich agricultural backgrounds (yes, Nathan's milked cows by hand!) and expertise in crop, property, and casualty insurance, they cover everything a producer needs to know to safeguard their livelihood.


Here are some key takeaways from this episode:


🔹 Keep Your Asset List Updated
Regularly updating an inventory of your equipment—complete with make, model, serial numbers, and purchase prices—is critical. This practice saves you from costly oversights, whether it's ready for new equipment or removing sold items.
🔹 Understand Equipment Limits
Do you know the difference between scheduled and blanket coverage for equipment? The right choice depends on your operation size and needs. Nathan and David explain how these options work and the potential impact on premiums.
🔹 Stack Limits on Hay
Have you ever thought your hay stacks could be a fire risk? Policies often have stack limits, which could leave you underinsured if you're not. Learn how to navigate these limits and why proper spacing and valuation are critical.
🔹 Fire Prevention on the Farm
Proactive measures, such as keeping equipment clean and operational policies that account for wind and humidity conditions, can prevent catastrophic losses. And yes, a leaf blower can be your best friend!
🔹 Risk Management Philosophy
Whether it's updating policies, screening drivers, or maintaining a clean and organized farm, insurance is about transferring risk, and your approach can significantly affect premiums.


💡 Bonus: We're teaming up with Nathan and David to create a free resource for hay producers: a starter guide for creating farm policies and procedures to show insurers you take risk management seriously. Stay tuned!


🎙️ Don't miss the mindful conversation—head to Hay Kings Podcast to listen now.
Do you have questions, or would you like tailored advice? Nathan and David can help with all your insurance needs, especially agriculture-related ones. Contact Sloan Levitt Insurance to ensure your operation is fully covered.


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