Farm insurance

Even if your farm is a hobby or leisure farm that you don’t earn an income from, you should consider farm insurance.  Farming can be a dangerous activity, and most home and contents policies don’t cover farming activities.

Farm equipment and livestock create risks that are unlikely to be covered in your normal home and contents cover.  For example, consider the liability implications if one of your livestock were to escape and cause a car crash. 

Regardless of whether your farm is used to earn income or not, you will probably need farm insurance. 

Find out more about CGU Hobby Farm insurance. 

Farm liability or “broadform liability” covers you against liability claims for property damage or personal injury as a result of your farm operations.  

This includes:

• Legal costs incurred in the defence or settlement of a claim
• Cover for others that may be acting on behalf of your business when the incident occurred
• Loss or damage of goods – which are in your care custody or control which you do not own
• Loss or damage of someone else’s property that occurs while performing your service
• First aid expenses at the time of an incident
• Injury to others who sustain injury whilst visiting your premises

For more information about what is and is not covered, please read the PDS.

Some examples of claims that might be covered under your public liability policy would be:

• A visitor to your farm slips and breaks their ankle
• You accidentally damage a neighbour’s property with your equipment
• Livestock escape their fencing and cause a car crash
• Someone becomes ill after eating a farm product you sold 

These are examples only. For more information about what is and is not covered, please read the PDS.

Personal accident and illness insurance helps you cover your costs if you are unable to work due to injury or illness. Personal accident and illness cover provides a weekly benefit to your loss of income due to an accident or illness. You can also select an option for compensation if certain specified permanent injuries occur (this is referred to as Lump Sum benefits).

Farm work is physically demanding and riskier than some other professions. Personal accident and illness cover ensures you are financially protected if you’re not able to work due to an accident or illness. 

For more information about this cover, please read the PDS.

Personal accident and illness can cover you if you are self-employed, and it provides short to medium term cover (maximum 104 weeks) if you are unable to work because of injury or illness.

Income protection can cover anyone (self-employed, home-makers, part time workers, full time employees, etc) and is intended to be a long-term cover. 

For more information about this cover, please read the PDS.

Yes, you can cover your farm for business interruption by taking out ‘Additional working costs’ cover as part of your farm package.  This cover ensures you can maintain normal farm operations following a defined event (eg a bushfire), so you can keep you farm operating while critical equipment is replaced or property restored.

For example, if a bushfire damaged your header machine during a critical time for harvesting, ‘Additional working costs’ would cover the costs to hire a machine to ensure the harvest could be completed in time.

For more information about this cover, please read the PDS.

To learn more about the Farm Insurance No Claim Bonus, visit our information page.