Livestock Insurance

If you own a livestock farm, you should consider getting livestock insurance. The reason for this is not far-fetched; it’s to keep you safe during the rainy days. Everything may seem perfect now, and your pigs, cows, sheep, and goats may be thriving – no disease and all. Regardless, getting an insurance policy is the way to go.

Don’t misunderstand this! We are not prophesying an imminent doom upon your farm and business – no, not at all. We’re only trying to get you on your toes should any eventuality occur. It’s common knowledge that animals are prone to diseases and injuries. Even there are highly contagious diseases that can wipe out a whole farm in a matter of days. So, to be on the safe side, it’s ideal to get insurance for your livestock.

Having said all that, contained herein are what you need to know about getting the ideal insurance for your livestock.

Why You Need Insurance for Your Livestock?

For several reasons and benefits, it’s important to get insurance for your stock. Here are some good reasons why:

• Protection from calamities

No one can accurately predict the next minute – that’s life. You never can tell; there could be a fire outbreak, predator attack, flu spread, building collapse, or whatever, waiting to happen. When any unpleasant event occurs on your farm, what protects you from sinking in the peril is the insurance you’ve gotten at some point in time. Financially and emotionally, your insurance policy protects you from any fallout.

• Farm policy protection

Livestock insurance is not only about specific animals or herds; it’s something that applies to the whole farm – both the structure and the animals in it. It covers every animal you have in the spread, from the small ones to the big ones.



Mind you, livestock insurance only covers your insured premises, which include every structure, farmstead, and barn. By implication, if anything happens to your animals outside the insured premises, such is not covered by the livestock insurance. Also, note that while the livestock insurance covers farm animals, it doesn’t cover farm structures, equipment and animals such as chickens, turkeys, ducks, and birds – poultry. Thus, your poultry farm requires a separate insurance policy.

• Mortality coverage

Sadly, livestock may die from whatever cause. The interesting thing is that you can get reimbursed for your losses. As such, if any of your livestock dies untimely from a plague, injury, or disease, the proper insurance can help you regain your losses.

However, suppose your livestock dies at a slaughterhouse because you handed it over to be killed for food or dies due to pre-existing congenital conditions or a genetic cause. In that case, you are not covered by the livestock insurance.

• Protection against deflation

If you are in the business of selling your animals, there are specific kinds of insurance that pay you when you fall short of profit. You can protect your investment in livestock with this type of insurance.

• Protection of your asset

If you don’t know, every animal you own is an asset. Both the female breeds that reproduce and the male breeds that get the female breeds pregnant. By opting for an insurance option, you are also protecting your asset and investment.

• Self-protection

Let’s emphasise here that livestock insurance is a source of self-protection for you. Wondering what we mean by that? It’s simple arithmetic! Let’s explain

Losing an entire farm and the livestock in it can be emotionally devastating. There are several stories about farm herders who became suicidal when they lost their investment to flood, fire, and other grave situations. So, by insuring your livestock, you are protecting your mental and physical health from sudden destruction.

What To Watch Out for When Getting a Livestock Insurance Policy?

There is a handful of things that you have to consider when you want to get livestock insurance. We have earmarked the crucial factors that you should consider; find these below:

• Reliability and trustworthiness

Before getting an insurance policy for your livestock, you must pay attention to the reputation of the insurance company you want to partner with. The only way to keep an insurance contract is through regular payment of premium. Suffice to say, you are investing your hard-earned cash into the scheme. Hence you have to be extra careful. Conduct your research on the insurance company and ascertain that it’s what it claims to be before taking the leap.



• Coverage

There are different kinds of insurance plans out there. You should seek clarification before going for any one. Do not chicken out of a good insurance policy because it is expensive. Think about what you stand to gain if everything goes south.

Be strategic about the plan. Ensure it covers every aspect of your livestock farm, i.e., animals, structures, and even stray animals. Opt for a good plan that helps you recoup your losses when any animal dies untimely due to disease, injury, or disaster.

• Discount

It’s not a bad idea to ask for a discount. After all, that should be part of a good deal too. Thus, a good insurance plan should come with a reasonable discount if you are insuring all your livestock and farm structure.

• Affordability

Before selecting a plan, you must be double sure that it’s something you can maintain in the long run. Most times, the perfect livestock insurance plans with good coverage may have high-cost implications. However, the premium should be something you can afford. Not being consistent with a plan can affect your reimbursement when you need it. So, your livestock insurance plan is something that needs commitment from you.

Bottom Line

It’s no gain saying that livestock insurance is necessary for you. It’s not optional. If you haven’t subscribed to a plan, you should get one as soon as possible. Time awaits no one, and you never can tell what may happen in the next couple of hours or in two or three days from now. The benefits are there for you to enjoy. Quit taking a hard risk by insuring your livestock to avoid grievous consequences.