You can apply to buy any of the following – you choose what you need.
You cannot however take out a Farm Insurance policy that is comprised solely of the following covers:
- Home Property
- Motor Vehicles (Private Use); and
- Personal Accident and Sickness
If you select any two of these covers then at least one further cover not specified above must also be taken.
Home Property - cover options for building, contents and personal effects such as jewellery and watches.
Farm Property - cover for physical loss or damage to farm building, contents, machinery and fencing after a defined event.
Public and Products Liability - covering the amounts that you’re legally liable to pay as compensation for personal injury and/or property damage in Australia in connection with the Farm business.
Motor Vehicles - cover option for comprehensive, third party property damage, fire and theft or third party property damage only.
Personal Accident and Sickness - If you or an insured employee has an accident or defined illness, this cover can help reduce the impact on your business.
Land Transit - insuring against the loss or damage to your farm goods or livestock following a defined event such as fire, vehicle overturning etc. while in transit on land.
Pleasurecraft - includes cover for accidental loss, theft or damage to your craft caused by an accident which occurs while it is ashore in Australia or afloat on Australian coastal waters, and your legal liability to pay compensation for defined accidental death or injury to other people, or accidental loss or damage to their property.
Machinery Breakdown - covering damage to insured electrical and mechanical property caused by breakdown. It includes a number of automatic additional benefits plus the optional benefit of deterioration of stock.
Computer / Electronic Equipment - covering against the breakdown of computers and/or electronic equipment specified in the schedule. This includes a number of additional and optional benefits.
Theft of Farm Property - covering loss or damage to farm property which may include fencing, hay/grain or wool at the property
Working Dogs - cover for the loss of your working dogs by defined events including death following accident or sickness.
Tax Audit - covers the professional fees such as an accountant, reasonably incurred within Australia in connection with an audit of the businesses financial or tax affairs by the Australian Tax Office, or by a Commonwealth, State or Territory Department, body or Agency.
General Property - covers accidental damage to property insured caused by sudden or unexpected or unforeseen loss not otherwise excluded.