The best Insurance for your Farm

Let the experienced team at Campion Insurance, one of Ireland’s largest insurance brokers help you find the best Farm Insurance. We compare the best insurance options for your farm, to ensure you get a cost effective policy which suits your specific needs

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Farm
Insurance

To help our growing number of Farm customers get the best insurance policy and service, we have recently recruited a number of additional specialist Farm Advisors. We look forward to helping you review your insurance needs and choosing a range of covers suited to your needs.

 

 

Farm Dwelling House and Contents

  • The Farm Dwelling House is deemed to include domestic offices, domestic garages, walls, gates and fences immediately surrounding the dwelling house. Typical cover on the Farm House includes:
  • Fire, Smoke, Lightning, Thunder, Explosion, Storm, Tempest, Flood, Accidental Damage to Building and Contents, Theft or Attempted Theft, Subsidence, Deterioration of Frozen Food, Bursting or Overflow of Water Tank, Apparatus or Pipes.
  • Note: The sum insured on the Dwelling must represent the actual cost of replacing a building of similar dimensions with similar type materials. For example the cost of rebuilding a period type residence will be greater than the cost of rebuilding a modern bungalow and the sum insured should reflect same.
  • House being let to tenants;
  • House being unoccupied
  • Previous claims:
  • Year of build of the House
  • All Risks cover can be included to give more specialised cover on Personal items such as Jewellery, Computers, Sports Equipment. Valuations may be required for these items.

 

Public Liability, Products Liability and Environmental Liability

 

  • Public Liability insurance covers the farmers legal liability for injury, disease or property damage caused to a member of the public arising from the Farmers activities.
  • It will provide indemnity in 2 main areas for which the farmer may be legally liable:
    1. Accidental personal injury to a member of the public;
    2. Accidental damage to property arising from the business of farming.
    • Examples of claims:
    • Injury to driver and passengers of a car which skidded on muck left on the public road by the farmer;
    • Injury to driver and passengers of a car having hit an animal which strayed on to the public road;
    • Cattle getting into a neighbours lawn;
    • Important information to tell the Insurance Company:
    • Full occupation needs to be declared ie Farmer and Agri Contractor;
    • Acreage owned and rented.
    • Products Liability protects the legal liability of the farmer in the event of some defect in the products supplied by the farmer.
    • Environmental Liability protects against costs associated with gradual environmental damage and pollution, including own land and third party clean-up costs.

 

Employers Liability

  • Every farmer should have employers liability cover.
  • This cover provides protection for the farmer against legal liability for injury or disease caused to employees in the course of their farming duties.
  • The calculation of this premium is based on the wages paid by the farmer to employees. Remember family members wages such as a daughter or son farming at home on a full time or part time basis should be included also. Voluntary helpers should be noted also. Extra activities such as Agri Contracting need to be declared to the Insurer.

 

Personal Accident

  • Farmers very often have everything covered except themselves!
  • It is really important to consider how the farm will continue to operate if the Farmer breaks a leg or injures / incapacitates themselves particularly during busy times on the farm? The cost incurred in hiring someone to run the farm for a few months can be very substantial. However, building good Personal Accident cover into the Farm policy can negate the expense here.
  • Personal Accident cover operates 24 hours a day, is not restricted to farm accidents and can be extended to cover sporting accidents. Capital Benefits are included also in the event of death or permanent incapacity.

 

Livestock & Pedigree Animals

  • Typical cover for Livestock on farm policies includes:
  • Fire, Lightning, Electrocution and Storm;
  • During transit or if they stray from the farmers property;
  • Death or necessary slaughter following the collapse of slats.
  • Farmers may also look for the following more specialist cover:
  • Sheep worrying by dogs;
  • Theft of Livestock;
  • Accident, illness or disease to Pedigree animals;
  • Infertility of Pedigree animals due to accident, illness or disease.

 

Outbuildings and Agri Contents

  • Farm outbuildings can be covered for Fire, Lightning and Storm damage.
  • Storm damage cover is dependent on the age and condition of the building and is subject to survey.
  • It is really important to insure outbuildings for the current rebuilding cost as being underinsured could have a serious negative impact on a claim settlement.
  • Agri Contents can be covered for fire and lightning and can include the following:
  • Hay, Straw, Grain and other agri-produce;
  • Implements and Tools;
  • Trailed implements;
  • Farm machinery;
  • Milking Equipment and Bulk Tank (storm cover can be added here).
  • Note: Many farmers opt to take out comprehensive cover on some trailed implements such as Cattle Boxes, Mowers, Round Balers etc. This will extend to cover accidental damage or theft to these items.

 

Motor Insurance

We can advise on the best and most economic covers for tractors and agri vehicles with the following options available:

  • Tractors, Agricultural Vehicles and Machinery

    • Open Driving at 16 Years
    • Full passenger cover
    • Third Party attached trailer cover
    • Agricultural Contracting
    • Third Party/Fire & Theft/Comprehensive options
  • Private Cars and Jeeps

    • Comprehensive/Third Party Fire & Theft/Third Party
    • Driving of other Cars
    • Open Driving
    • EU Extension
    • Material Facts

What we offer

Get to know some of the benefits
  • Farm Dwelling/Contents
  • Outbuildings/Stock
  • Employers Liability
  • Public Liability
  • Livestock
  • Personal Accident

Get in Touch

Due to the continuing growth we have recently invested in a number of additional specialist Farm Advisors to service the requirements of our growing customer base.
With a high level of local service which is focused on giving farmers better covers, better products, and better value, backed up by an experienced claims team.

Contact on 1890 300 306 to discuss your options.

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Help
Important Assumptions

For the purpose of determining the term over which pension contributions are made, we have assumed your birthday was exactly six months ago.

If your target retirement age is lower than the age at which the Social Welfare pension commences (age 68 if you are born on/after 01/01/1961, age 67 if born before this date but on/after 01/01/1955 and age 66 if born before 01/01/1955) the calculations allow for funding for this gap, in addition to the cost of the annuity.

You are entitled to a full Social Welfare pension of €248.30 per week as at March 2019 which is assumed to increase by 2.5% per year.

You are saving for the difference between the Social Welfare pension and your target monthly income in retirement.

We have allowed for inflation of your target monthly income of 2.5% per annum between now and your retirement date.

Any other private pension provision you may have in place has not been taken into account.

Your monthly pension contribution increases by 2.5% each year up until your retirement age and is invested in a pension plan with an annual management charge of 1% and a 5% charge on each contribution, in line with the Standard PRSA fees and charges maximum limit.

A Gross Investment Return of 4.2% per annum on your savings. This is not a forecast because the value of your investment may grow at a faster or slower rate than assumed and the value of your investment may be expected to fall from time to time as well as rise.

On retirement you purchase an annuity which escalates at 1.5% each year, has a 5-year guarantee and is payable monthly in advance. The annuity rate assumes a post retirement interest rate of 2% per annum and no spouse’s pension. The actual annuity rate will depend on the selection of dependant’s pension, guaranteed period and the escalation rate, as well as interest rates prevailing when the annuity is purchased.

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