One of the most common questions that I get from food and farm clients has to do with insurance. It affects every kind of business (including law practices!). It’s important for food and agriculture lawyers to have a cursory understanding on the breadth of issues that can arise with insurance in dealing with food and agriculture clients. Because of this, …
Overview of Common Types of Insurance for Farms and Food Entrepreneurs
There are many different kinds of insurance that farms, agri-business and food entrepreneurs should consider. The most common types of insurance for food and agriculture operations are as follows: 1. Farmers Comprehensive Personal Liability (“FCPL”) Policy (a/k/a farmowner’s insurance): Most farms use a farmowner’s insurance policy to cover the ordinary risks of a farming operation. This type of policy normally …